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Savings Interest Rates
Savings Interest Rates
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On Thursday 6 February 2025, the Bank of England reduced the base rate by 0.25% from 4.75% to 4.50%. As a result, we’ve reduced the rates on our variable rate savings accounts.
We’ll write to our members to confirm our new interest rates for existing savings accounts, which will take effect from 12 March 2025.
Rates for existing accounts
E-Saver Plus - Issue 5
Online only
Interest Rate
4.31%
Gross/AER Variable
Key Information
  • Manage your money quickly and easily online
  • Open an account with just £100
  • Save up to £1,000,000 in your account
  • Designed for those who can withdraw 4 times or fewer per year
Withdrawals Permitted Yes
Opening Balance £100 minimum
Interest Rate
4.31%
Gross/AER Variable
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Less
Saver Plus - Issue 5
Face to Face or by Post
Interest Rate
4.31%
Gross/AER Variable
Key Information
  • The account can be opened face to face in our Relationship Centres or by post
  • Open an account with as little as £100, up to £1,000,000
  • Designed for those who can withdraw 4 times or fewer per year
  • Passbook based savings account
Withdrawals Permitted Yes
Opening Balance £100 minimum
Interest Rate
4.31%
Gross/AER Variable
More Information
More
Less
Member Savings Bond 208
Face to Face or by Post
Interest Rate
4.10%
Gross/AER Fixed
Key Information
  • 4.10% Gross/AER fixed until 22 April 2027
  • You can invest from £500 up to £1,000,000 in each bond
  • Typically offers a higher interest rate than our Savings Bonds
  • Accounts can be opened in our Relationship Centres or by post by existing members who have held a product with us for at least 12 consecutive months prior to the date of application
Withdrawals Permitted No
Opening Balance £500 minimum
Interest Rate
4.10%
Gross/AER Fixed
More Information
More
Less
Member Savings Bond 207
Face to Face or by Post
Interest Rate
4.10%
Gross/AER Fixed
Key Information
  • 4.10% Gross/AER fixed until 23 April 2026
  • You can invest from £500 up to £1,000,000 in each bond
  • Typically offers a higher interest rate than our Savings Bonds
  • Accounts can be opened in our Relationship Centres or by post by existing members who have held a product with us for at least 12 consecutive months prior to the date of application
Withdrawals Permitted No
Opening Balance £500 minimum
Interest Rate
4.10%
Gross/AER Fixed
More Information
More
Less
E-Savings Bond 210
Online only
Interest Rate
4.05%
Gross/AER Fixed
Key Information
  • 4.05% Gross/AER fixed until 22 April 2027
  • You can invest from £500 up to £1,000,000 in each bond
  • Ideal for lump sum deposits
  • Open and manage online
Withdrawals Permitted No
Opening Balance £500 minimum
Interest Rate
4.05%
Gross/AER Fixed
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Less
E-Savings Bond 209
Online only
Interest Rate
4.05%
Gross/AER Fixed
Key Information
  • 4.05% Gross/AER fixed until 23 April 2026
  • You can invest from £500 up to £1,000,000 in each bond
  • Ideal for lump sum deposits
  • Open and manage online
Withdrawals Permitted No
Opening Balance £500 minimum
Interest Rate
4.05%
Gross/AER Fixed
Apply Now More Information
More
Less
Savings Bond 210
Face to Face or by Post
Interest Rate
4.05%
Gross/AER Fixed
Key Information
  • 4.05% Gross/AER fixed until 22 April 2027
  • You can invest from £500 up to £1,000,000 in each bond
  • Ideal for lump sum deposits
  • The account can be opened face to face in our Relationship Centres or by post
Withdrawals Permitted No
Opening Balance £500 minimum
Interest Rate
4.05%
Gross/AER Fixed
More Information
More
Less
Savings Bond 205
Face to Face or by Post
Interest Rate
4.05%
Gross/AER Fixed
Key Information
  • 4.05% Gross/AER fixed until 28 July 2026
  • You can invest from £500 up to £1,000,000 in each bond
  • Ideal for lump sum deposits
  • The account can be opened face to face in our Relationship Centres or by post
Withdrawals Permitted No
Opening Balance £500 minimum
Interest Rate
4.05%
Gross/AER Fixed
More Information
More
Less
Savings Bond 209
Face to Face or by Post
Interest Rate
4.05%
Gross/AER Fixed
Key Information
  • 4.05% Gross/AER fixed until 23 April 2026
  • You can invest from £500 up to £1,000,000 in each bond
  • Ideal for lump sum deposits
  • The account can be opened face to face in our Relationship Centres or by post
Withdrawals Permitted No
Opening Balance £500 minimum
Interest Rate
4.05%
Gross/AER Fixed
More Information
More
Less
2 Year Member Fixed Rate ISA - Issue 69
Face to Face or by Post
Interest Rate
4.10%
Tax-Free/AER Fixed
Key Information
  • 4.10% Tax-Free/AER fixed until 27 April 2027
  • You can invest from £500 up to £1,000,000 in each account
  • Typically offers a higher interest rate than our Fixed Rate ISAs
  • Accounts can be opened in our Relationship Centres or by post by existing members who have held a product with us for at least 12 consecutive months prior to the date of application
Withdrawals Permitted Yes, but will incur a penalty of 180 days interest on the amount withdrawn.
Opening Balance £500 minimum
Interest Rate
4.10%
Tax-Free/AER Fixed
More Information
More
Less
1 Year Members Fixed Rate ISA - Issue 68
Face to Face or by Post
Interest Rate
4.10%
Tax-Free/AER Fixed
Key Information
  • 4.10% Tax-Free/AER fixed until 29 April 2026
  • You can invest from £500 up to £1,000,000 in each account
  • Typically offers a higher interest rate than our Fixed Rate ISAs
  • Accounts can be opened in our Relationship Centres or by post by existing members who have held a product with us for at least 12 consecutive months prior to the date of application
Withdrawals Permitted Yes, but will incur a penalty of 90 days interest on the amount withdrawn.
Opening Balance £500 minimum
Interest Rate
4.10%
Tax-Free/AER Fixed
More Information
More
Less
2 Year Fixed Rate E-ISA - Issue 71
Online only
Interest Rate
4.05%
Tax-Free/AER Fixed
Key Information
  • 4.05% Tax Free/AER fixed until 27 April 2027
  • Guaranteed interest rate for the term of the account
  • Typically offers a higher interest rate than our Cash ISA
  • Open with a deposit of between £500 and £20,000
Withdrawals Permitted Yes, but will incur a penalty of 180 days interest on the amount withdrawn.
Opening Balance £500 minimum
Interest Rate
4.05%
Tax-Free/AER Fixed
Apply now More Information
More
Less
1 Year Fixed Rate E-ISA - Issue 70
Online only
Interest Rate
4.05%
Tax-Free/AER Fixed
Key Information
  • 4.05% Tax Free/AER fixed until 29 April 2026
  • Guaranteed interest rate for the term of the account
  • Typically offers a higher interest rate than our Cash ISA
  • Open with a deposit of between £500 and £20,000
Withdrawals Permitted Yes, but will incur a penalty of 90 days interest on the amount withdrawn.
Opening Balance £500 minimum
Interest Rate
4.05%
Tax-Free/AER Fixed
Apply now More Information
More
Less
2 Year Fixed Rate ISA - Issue 71
Face to Face or by Post
Interest Rate
4.05%
Tax-Free/AER Fixed
Key Information
  • 4.05% Tax-free/AER fixed until 27 April 2027
  • Guaranteed interest rate for the term of the account
  • Typically offers a higher interest rate than our Cash ISA
  • Open with a deposit of between £500 and £20,000
Withdrawals Permitted Yes, but will incur a penalty of 180 days interest on the amount withdrawn
Opening Balance £500 minimum
Interest Rate
4.05%
Tax-Free/AER Fixed
More Information
More
Less
1 Year Fixed Rate ISA - Issue 70
Face to Face or by Post
Interest Rate
4.05%
Tax-Free/AER Fixed
Key Information
  • 4.05% Tax-free/AER fixed until 29 April 2026
  • Guaranteed interest rate for the term of the account
  • Typically offers a higher interest rate than our Cash ISA
  • Open with a deposit of between £500 and £20,000
Withdrawals Permitted Yes, but will incur a penalty of 90 days interest on the amount withdrawn.
Opening Balance £500 minimum
Interest Rate
4.05%
Tax-Free/AER Fixed
More Information
More
Less
E-ISA
Online only
Interest Rate
3.30%
Tax-Free/AER Variable
Key Information
  • Tax-free returns to help your savings grow
  • Manage your money quickly and easily online
  • Deposits can be made at any time during the tax year, subject to your annual ISA allowance
  • Open with £100 and save up to £20,000 each tax year
Withdrawals Permitted Yes
Opening Balance £100 minimum
Interest Rate
3.30%
Tax-Free/AER Variable
Apply now More Information
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Less
Cash ISA
Face to Face or by Post
Interest Rate
3.30%
Tax-Free/AER Variable
Key Information
  • Tax-free returns to help your savings grow
  • Instant access to your money
  • Deposits can be made at any time during the tax year, subject to your annual ISA allowance
  • Open with £100 and save up to £20,000 each tax year
Withdrawals Permitted Yes
Opening Balance £100 minimum
Interest Rate
3.30%
Tax-Free/AER Variable
More Information
More
Less
Online Saver
Online only
Interest Rate
3.25%
Gross/AER Variable
Key Information
  • Manage your money quickly and easily online
  • Open an account with just £100
  • Save up to £1,000,000 in your account
  • Deposit and withdraw any time you want
Withdrawals Permitted Yes
Opening Balance £100 minimum
Interest Rate
3.25%
Gross/AER Variable
Apply Now More Information
More
Less
Instant Access Saver
Face to Face or by Post
Interest Rate
3.25%
Gross/AER Variable
Key Information
  • The account can be opened face to face in our Relationship Centres or by post
  • Open an account with as little as £1, up to £1,000,000
  • Instant access to your money
  • Passbook based savings account
Withdrawals Permitted Yes
Opening Balance £1 minimum
Interest Rate
3.25%
Gross/AER Variable
More Information
More
Less
Client Account Online
Business Account
Interest Rate
1.80%
Gross/AER Variable
Key Information
  • Maximum balance (on each designated account) £2m (unless agreed otherwise)
  • Maximum aggregate balance £10m (unless agreed otherwise)
  • Separate accounts for each client
  • Easy online access to the cleared funds available
Withdrawals Permitted Yes
Opening Balance £1 minimum
Interest Rate
1.80%
Gross/AER Variable
More Information
More
Less

You can see the current interest rates for all our savings accounts here

Savings Interest Rates
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