• Current account rates

  • Credit and overdraft interest rates 

    If you want to see previous rates for our products see our interest-bearing non-marketed account rates.

    The following tables change from time to time. The date of the last change is detailed beneath each table.

    Classic Plus account interest rates

    Balance Interest paid monthly
    AER % Gross %
    £0 - £1,500 3.00 2.96

    These interest rates are correct as at 04/01/2017.

    Interest rates are variable. From January 2015 customers are limited to one Classic Plus account in their own name and one Classic Plus in joint names.

    Classic Plus interest is paid up to balances up to £1,500.  To earn interest (which is paid monthly):

    • pay in a minimum £500 a month, and
    • register for Internet Banking, and
    • sign up for Paperless Statements and Correspondence.

    More details and apply


    If you don’t log in to Internet Banking within 12 months, we might have to turn off your paperless correspondence which will mean you won’t get your interest. We don’t want that to happen, so please log in regularly. Find out more about Paperless Statements and Paperless Correspondence.

    Please note: Interest rates apply to your balance up to £1,500.  We do not pay interest on balances above £1,500.

    For more information about Classic Plus including the conditions that apply see Classic Plus

    Interest rates apply to your balance up to £1,500. We do not pay interest on balances above £1,500.

    Classic account Enhance interest rates

    Balance Interest paid monthly
    AER % Gross %
    £0+ 0.25 0.25
    £1,000+ 0.25 0.25
    £3,000 up to £5,000 0.25 0.25

    These interest rates are correct as at 04/01/2017.

    Interest rates are variable. Customers are limited to a total of three Enhance accounts.

    Enhance interest rates are tiered on balances up to £5,000. To get interest paid each month, you need to:

    • pay at least £1,000 into your account during the calendar month, and
    • keep your account in credit during the monthly billing period.

    Please note: We do not pay interest on amounts above £5,000.

    For more information about Enhance including the conditions that apply see Enhance.

    Silver account Enhance interest rates

    Balance Interest paid monthly
    AER % Gross %
    £0+ 0.25 0.25
    £1,000+ 0.25 0.25
    £3,000 up to £5,000 0.25 0.25

    These interest rates are correct as at 04/01/2017.

    Interest rates are variable. Customers are limited to a total of three Enhance accounts.

    Enhance Interest rates are tiered on balances up to £5,000. To get interest paid each month, you need to:

    • pay at least £1,000 into your account during the calendar month, and
    • keep your account in credit during the monthly billing period.

    Please note: we do not pay interest on amounts above £5,000.

    For more information about Enhance including the conditions that apply see Enhance.

    Gold account Enhance interest rates

    Balance Interest paid monthly
    AER % Gross %
    £0+ 0.25 0.25
    £1,000+ 0.25 0.25
    £3,000 up to £5,000 0.25 0.25

    These interest rates are correct as at 04/01/2017.

    Interest rates are variable. Customers are limited to a total of three Enhance accounts.

    Enhance Interest rates are tiered on balances up to £5,000. To get interest paid each month, you need to:

    • pay at least £1,000 into your account during the calendar month, and
    • keep your account in credit during the monthly billing period.

    Please note: we do not pay interest on amounts above £5,000.

    For more information about Enhance including the conditions that apply see Enhance.

  • Platinum account Enhance interest rates

    Balance Interest paid monthly
    AER % Gross %
    £0+ 0.25 0.25
    £1,000+ 0.25 0.25
    £3,000 up to £5,000 0.25 0.25

    These interest rates are correct as at 04/01/2017.

    Interest rates are variable. Customers are limited to a total of three Enhance accounts.

    Interest rates are variable.  Customers are limited to a total of three Enhance accounts.

    Enhance interest rates are tiered on balances up to £5,000. To get interest paid each month, you need to:

    • pay at least £1,000 into your account during the calendar month, and
    • keep your account in credit during the monthly billing period.

    Please note: we do not pay interest on amounts above £5,000.

    For more information about Enhance including the conditions that apply see Enhance.

    Premier account Enhance interest rates

    Balance Interest paid monthly
    AER % Gross %
    £0+ 0.25 0.25
    £1,000+ 0.25 0.25
    £3,000 up to £5,000 0.25 0.25

    These interest rates are correct as at 04/01/2017.

    Interest rates are variable. Customers are limited to a total of three Enhance accounts.

    Enhance interest rates are tiered on balances up to £5,000. To get interest paid each month, you need to:

    • pay at least £1,000 into your account during the calendar month, and
    • keep your account in credit during the monthly billing period.

    Please note: we do not pay interest on amounts above £5,000.

    For more information about Enhance including the conditions that apply see Enhance.

    Student account interest rates

    Balance Interest paid monthly
    AER % Gross %
    £1 - £500 5.00 4.89

    These interest rates are correct as at 1/08/2014.

    Interest rates are variable. Customers are limited to one Student bank account.

    Interest rates apply to your balance up to £500. We do not pay interest on balances above £500.

    Under 19's account

    Balance Interest paid quarterly %
    £1-£2,500 2.50* 2.47
    £2,501+ 0.1 AER (variable)* 0.10 Gross

    *AER (variable) means Annual Equivalent Rate. AER (variable) illustrates what your interest rate would be if interest was paid and compounded each year.

    For information about Under 19s account.

  • Overdraft rates

    Personal Overdrafts - Planned and Unplanned Overdrafts

    Account monthly
    Interest
    % per month % EAR
    Premier account 1.52
    19.84
    Platinum account 1.52 19.84
    Gold account 1.52
    19.84
    Silver account 1.52 19.84
    Classic account 1.52 19.84

    These interest rates are correct as at 01/02/2017. Interest rates are variable.

    Student account - Planned and Unplanned Overdrafts

    Student account % per month % EAR
    £0 - £1,500 0.00 0.00
    £1,500+ 0.66 8.21

    These interest rates are correct as at 01/08/2014. Interest rates are variable.

    Early Student account

    Early Student account % per month % EAR
    £200+ 0.66 8.21
    £0-£200 0.00
    0.00

    These interest rates are correct as at 22/06/2011. Interest rates are variable.

    Graduate account - Planned and Unplanned Overdrafts Graduate account % per month

    Graduate account % per month % EAR
    Year 1: £2,000+ 1.30 16.77
    £0 - £2,000 0.00 0.00
    Year 2: £1,500+ 1.30
    16.77
    £0 - £1,500 0.00
    0.00
    Year 3: £1,000+ 1.30
    16.77
    £0 - £1,000 0.00
    0.00

    These interest rates are correct as at 21/06/2011. Interest rates are variable.

    Explanation of terms

    Gross rate
    The contractual rate of interest payable before deduction of income tax at the rate specified by law.

    AER
    AER stands for Annual Equivalent Rate and illustrates what the interest rate would be if interest was paid and compounded once each year. As every advert for a savings product will contain an AER you can compare more easily what return you can expect from your savings over time.

    EAR
    EAR is the Equivalent Annual Rate. This is the actual annual rate of an overdraft. It doesn't take into account other fees and charges.

    Interest is normally paid at the net rate unless the account falls within an exempt category or the account holder qualifies to receive interest gross. Interest rates may vary from time to time. All rates are per annum except where stated.

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