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Interest Rate Changes

Non Payment Accounts

Name

Balance

Until 4 December 2024
AER / Gross p.a. (variable)

From 5 December 2024
AER / Gross p.a. (variable)

Digital Regular Saver

£1 - £5,000

over £5,000

6.17% / 6.00%

1.60% / 1.59%

6.17% / 6.00%

1.50% / 1.49%

Flexible Saver

£1 - £24,999

£25,000 - £99,999

£100,000 - £249,999

 £250,000+

1.60% / 1.59%

2.10% / 2.08%

2.50% / 2.47%

3.10% / 3.06%

1.50% / 1.49%

2.00% / 1.98%

2.30% / 2.28%

2.90% / 2.86%

Savings Builder

£1 - £10,000

over £10,000

2.50% / 2.47%

1.60% / 1.59%

2.25% / 2.23%

1.50% / 1.49%

Cash ISA (Tax-free)

£1 - £24,999

£25,000+

1.60% / 1.59%

3.00% / 2.96%

1.50% / 1.49%

2.80% / 2.76%

Help to Buy ISA (Tax-free)

£1+

2.50% / 2.47%

2.30% / 2.28%

Payment Accounts

Name

Balance

Until 19 January 2025
AER / Gross p.a. (variable)

From 20 January 2025
AER / Gross p.a. (variable)

First Saver

£1+

2.50% / 2.48%

2.35% / 2.33%

Adapt Account

£1+

2.50% / 2.47%

2.35% / 2.33%

First Reserve

£1+

1.60% / 1.59%

1.50% / 1.49%

Primary Savings

£1 - £24,999

£25,000 - £99,999

£100,000 - £249,999

 £250,000+

1.60% / 1.59%

2.10% / 2.08%

2.50% / 2.47%

3.10% / 3.06%

1.50% / 1.49%

2.00% / 1.98%

2.30% / 2.28%

2.90% / 2.86%

Definitions

Annual Equivalent Rate (AER) shows the interest rate if interest is paid and compounded once each year. AER helps you to compare the rates of interest on different accounts.

Compound interest is interest that is earned on interest that’s already been paid.

Gross means the interest rate you are paid on your savings with no compounding.

p.a. per annum (per year).

Tax-free.  We pay all savings interest without the deduction of tax. You do not pay any UK tax on interest earned in ISAs. You may have to pay tax on interest earned in non-ISA accounts depending on your Personal Savings Allowance. The tax treatment may be subject to change in the future.

Want to open another savings account?

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