You’ll earn interest on balances of £1 or more. Interest is calculated each day and paid monthly.
These Interest rates are correct as at 01 November 2023
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.
Gross rate means that credit interest is paid without income tax being deducted.