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Savings Interest Rates
Savings Interest Rates
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On Thursday 7 November, the Bank of England decreased the base rate to 4.75%. As a result, we’ve reduced the rates on our variable rate savings accounts.

We’ll write to our existing members to confirm our new interest rate(s) which will take effect from 3 December.
Rates for existing accounts
Saver Plus - Issue 4
Face to Face or by Post
Interest Rate
4.51%
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
4.51%
Gross/AER Variable
More Information
More
Less
Member Savings Bond 197
Face to Face or by Post
Interest Rate
4.00%
Gross/AER Fixed
Key Information
  • 4.00% Gross/AER fixed until 24 March 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
4.00%
Gross/AER Fixed
More Information
More
Less
Member Savings Bond 196
Face to Face or by Post
Interest Rate
4.20%
Gross/AER Fixed
Key Information
  • 4.20% Gross/AER fixed until 17 June 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
4.20%
Gross/AER Fixed
More Information
More
Less
Member Savings Bond 195
Face to Face or by Post
Interest Rate
4.25%
Gross/AER Fixed
Key Information
  • 4.25% Gross/AER fixed until 18 February 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
4.25%
Gross/AER Fixed
More Information
More
Less
Savings Bond 200
Face to Face or by Post
Interest Rate
3.90%
Gross/AER Fixed
Key Information
  • 3.90% Gross/AER fixed until 24 March 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
3.90%
Gross/AER Fixed
More Information
More
Less
Savings Bond 199
Face to Face or by Post
Interest Rate
4.10%
Gross/AER Fixed
Key Information
  • 4.10% Gross/AER fixed until 17 June 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
4.10%
Gross/AER Fixed
More Information
More
Less
Savings Bond 198
Face to Face or by Post
Interest Rate
4.20%
Gross/AER Fixed
Key Information
  • 4.20% Gross/AER fixed until 18 February 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
4.20%
Gross/AER Fixed
More Information
More
Less
2 Year Member Fixed Rate ISA - Issue 61
Face to Face or by Post
Interest Rate
4.00%
Tax-Free/AER Fixed
Key Information
  • 4.00% Tax-Free/AER fixed until 17 March 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
4.00%
Tax-Free/AER Fixed
More Information
More
Less
1 Year Members Fixed Rate ISA - Issue 60
Face to Face or by Post
Interest Rate
4.15%
Tax-Free/AER Fixed
Key Information
  • 4.15% Tax-Free/AER fixed until 25 February 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
4.15%
Tax-Free/AER Fixed
More Information
More
Less
2 Year Fixed Rate ISA - Issue 63
Face to Face or by Post
Interest Rate
3.90%
Tax-Free/AER Fixed
Key Information
  • 3.90% Tax-free/AER fixed until 17 March 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
3.90%
Tax-Free/AER Fixed
More Information
More
Less
1 Year Fixed Rate ISA - Issue 62
Face to Face or by Post
Interest Rate
4.10%
Tax-Free/AER Fixed
Key Information
  • 4.10% Tax-free/AER fixed until 25 February 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
4.10%
Tax-Free/AER Fixed
More Information
More
Less
Cash ISA
Face to Face or by Post
Interest Rate
3.55%
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
3.55%
Tax-Free/AER Variable
More Information
More
Less
Instant Access Saver
Face to Face or by Post
Interest Rate
3.50%
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
3.50%
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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