Monthly Saver rates

Amount Invested	Annual Interest
	AER %	Gross %
£1+	1.00	1.00

These interest rates are correct for new accounts opened on or after 01/05/2020. Interest is paid on maturity.

Interest rates are fixed for the term of the account, which is 12 months from the date of account opening - View Monthly Saver account information.

Previous rates

Monthly Saver accounts opened between 30 June 2016 and 30 April 2020

Amount Invested	Annual Interest
	AER %	Gross %
£1+	2.00	2.00

Explanation of terms

AER
Annual Equivalent Rate - 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
Gross rate is the contractual rate of interest payable before the deduction of income tax at the rate specified by law.

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

Register for mobile banking

We’re open anytime and anywhere. Take care of your day-to-day banking when you need to.

Set up mobile banking

Tap

Bank online 24/7 using our Internet Banking website or our mobile app.

Download our app

Issues
logging in?

Follow our step-by-step tutorial to get back online from the safety of your home.

View tutorial

Need to visit us?
Visit our FAQs

If you need help with something specific, let us know what it relates to or search a topic.

Go to help page