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eSavings rates
eSavings with 12 month bonus
Accounts opened from 11 November 2022
| Amount Invested | Annual Interest. Gross/AER % including bonus* |
|---|---|
| £1+ | 1.50% |
| £25,000+ | 1.60% |
| £50,000+ | 1.70% |
| £100,000+ | 1.80% |
These interest rates are correct as at 14/09/2023. Interest rates are variable.
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.
* Includes a fixed introductory bonus of 0.10% gross/AER, payable for 12 months from the date of account opening. At the end of the bonus period, rates without bonus will apply. Please see the ‘without bonus’ table for current rates.
eSavings without bonus
| Amount Invested | Annual Interest. Gross/AER % |
|---|---|
| £1+ | 1.40% |
| £25,000+ | 1.50% |
| £50,000+ | 1.60% |
| £100,000+ | 1.70% |
These interest rates are correct as at 14/09/2023. Interest rates are variable.
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.
View eSavings Account information.
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 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.
Gross rate means that credit interest is paid without income tax being deducted.
Tax-free is the contractual rate of interest payable where interest is exempt from income tax.
Previous rates
eSavings - accounts opened between 12 April 2022 and 10 November 2022
| Account balance | Variable annual interest with 12 month bonus. Gross/AER % | Variable annual interest without 12 month bonus. Gross/AER % |
|---|---|---|
| £1+ | 1.45% | 1.40% |
| £25,000+ | 1.55% | 1.50% |
| £50,000+ | 1.65% | 1.60% |
| £100,000+ | 1.75% | 1.70% |
These interest rates were correct from 14/09/2023.
Accounts opened received a fixed introductory bonus of 0.05% gross/AER payable for 12 months from the date of account opening. At the end of the bonus period, variable rates without bonus will apply. Interest is paid once a year on the anniversary of account opening.
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.
