Cash ISA Saver rates

Accounts opened from 11 November 2022

Balance	Variable annual interest with 12 month bonus. Tax free % / AER	Variable annual interest without 12 month bonus. Tax free % / AER
£1+	1.60%	1.40%
£25,000+	1.70%	1.50%
£50,000+	1.80%	1.60%
£100,000+	1.90%	1.70%
The interest rate you get depends on how much money you have in your account at midnight at the end of each day. You earn the interest rate on all the money in your account. Accounts opened will receive a fixed introductory bonus of 0.20% tax free / AER for 12 months from the date of account opening. At the end of the bonus period, the variable rate without bonus will apply. Interest is paid annually on 31 March.

These interest rates are correct as at 14/09/2023

If you would like to move other ISAs to us, once we have your completed ISA transfer authority form, we’ll ask your existing provider to transfer the money to us. We’ll pay interest at your new ISA rate from the day your money leaves your existing account, ensuring you earn interest everyday of the transfer process. If you ask to transfer your existing ISA to us, the process should not take more than 15 working days to complete. If you ask to transfer your existing stocks and shares or innovate finance ISA to us, the process should not take more than 30 days to complete. We do not accept transfers from a Lifetime ISA.

Explanation of terms

AER stands for Annual Equivalent Rate. It illustrates what your interest rate would be if interest was paid and compounded each year and allows you to easily compare different savings accounts. As every advertisement for a savings product, which quotes an interest rate, will contain an AER you will be able to compare more easily what return you can expect from your savings over time.

Tax-free is the contractual rate of interest payable where interest is exempt from income tax.

Previous rates

Cash ISA Saver - accounts opened between 7 July 2022 and 10 November 2022

Balance	Variable annual interest with 12 month bonus. Tax free % / AER %	Variable annual interest without 12 month bonus. Tax free % / AER %
£1+	1.50%	1.40%
£25,000+	1.60%	1.50%
£50,000+	1.70%	1.60%
£100,000+	1.80%	1.70%

• The interest rate you get depends on how much money you have in your account at midnight at the end of each day. You earn the interest rate on all the money in your account.

• Accounts opened will receive a fixed introductory bonus of 0.10% tax free / AER for 12 months from the date of account opening.

• At the end of the bonus period, the variable rate without bonus will apply.

• Interest is paid annually on 31 March.

These interest rates are correct as at 14/09/2023

Cash ISA Saver without bonus

Balance	Variable annual interest without 12 month bonus. Tax free/AER %
£1+	1.40%
£25,000+	1.50%
£50,000+	1.60%
£100,000+	1.70%

These interest rates were correct from 14/09/2023.

The interest rate you get depends on how much money you have in your account at midnight at the end of each day. You earn the interest rate on all the money in your account.

Cash ISA (Branch)

Amount deposited	Variable annual interest Tax-free / AER per annum
£1+	1.40%
£25,000+	1.50%
£50,000+	1.60%
£100,000+	1.70%

These interest rates were correct from 14/09/2023.

The interest rate you get depends on how much money you have in your account at midnight at the end of each day. You earn the interest rate on all the money in your account.