Changes to your savings accounts


When a change happens in banking regulations, it can have an impact on your savings accounts and other banking services. We always let you know about any changes in your account's terms and conditions, and we also update this page regularly so that you’re always updated about any changes.

The Bank of England base rate last changed on 3 August. It’s currently 5.25%.

We increased interest rates on savings accounts linked to the base rate on 15 August.
 
Our wider range of variable rate banking and savings products are not linked to base rate. If we make any changes, we’ll tell you about them in line with your terms and conditions.

The interest rate on Easy Access Saver Limited Edition (Issue 3):

TierIf interest is paid annuallyIf interest is paid monthly
£1 to £250,0005.20% AER / gross (variable)5.20% AER / 5.08% gross (variable)
Account nameRate shownInterest rate before 18 SeptemberInterest rate from 18 September
Everyday SaverAER/gross (variable)1.05% AER/gross (variable)1.20% AER/gross (variable)
Everyday Saver (Issue 2)AER/gross (variable)1.05% AER/gross (variable)1.20% AER/gross (variable)
Private Everyday SaverAER/gross (variable)1.05% AER/gross (variable)1.20% AER/gross (variable)
Private Everyday Saver (Issue 2)AER/gross (variable)1.05% AER/gross (variable)1.20% AER/gross (variable)
Instant SaverAER/gross (variable)1.05% AER/gross (variable)1.20% AER/gross (variable)
Special Reserve AccountAER/gross (variable)1.05% AER/gross (variable)1.20% AER/gross (variable)
Easy Access Saver (Issue 19)AER/gross (variable)1.05% AER/gross (variable)1.20% AER/gross (variable)
Easy Access Saver (Issue 20)AER/gross (variable)1.05% AER/gross (variable)1.20% AER/gross (variable)
Private Banking Easy Access Saver (Issue 9)AER/gross (variable)1.05% AER/gross (variable)1.20% AER/gross (variable)
Easy Access ISA (Issue 13)AER/tax free (variable)1.05% AER/tax-free (variable)1.20% AER/tax-free (variable)
ISA SaverAER/tax free (variable)1.05% AER/tax-free (variable)1.20% AER/tax-free (variable)
ISA Saver (Issue 2)AER/tax free (variable)1.05% AER/tax-free (variable)1.20% AER/tax-free (variable)
Easy ISAAER/tax free (variable)1.05% AER/tax-free (variable)1.20% AER/tax-free (variable)
TOISAAER/tax free (variable)1.05% AER/tax-free (variable)1.20% AER/tax-free (variable)

We’ve increased rates on Inheritance ISA from 25 August 2023. Here are the details. 

Account NameRate shownInterest rate before 25 AugustEffective from 25 August
Inheritance ISAAER/tax free (variable)1.05% AER/tax-free (variable)3.20% AER/tax-free (variable)

The Bank of England Base rate increased from 5.00% to 5.25% on 3 August 2023. So because of this, on 15 August we’re increasing the interest rate on savings accounts linked to the base rate.

Accounts linked to the base rate:

Account nameRate shownInterest rate before 15 AugustEffective from 15 August
Good for Life ISAAER/tax free (variable)5.00%5.25%
Rate for LifeAER/gross (variable)1.00% for £1+
5.25% for £1,000+
1.00% for £1+
5.50% for £1,000+

We’ve also increased rates on some of our products that aren’t linked to the base rate on 15 August 2023. You can find details of your new rates below. 

Account nameRate shownInterest rate before 15 AugustEffective from 15 August
First Home SaverAER/gross (variable)2.70%/2.67% AER/gross (variable)2.85%/2.81% AER/gross (variable)
Help to Buy ISAAER/gross (variable)2.70% AER/tax free (variable)2.85% AER/tax free (variable)
Flexible Saver for KidsAER/gross (variable)2.30%/2.28% AER/gross (variable)2.45%/2.42% AER/gross (variable)
Junior ISAAER/tax free (variable)3.05% AER/tax free (variable)3.20% AER/tax free (variable)
Edge saver
 
AER/gross (variable)4.00% AER/3.93% gross for £1+ (includes a 0.50% AER (variable) bonus rate for the first 12 months from opening)​​
0.00% for £4k+
7.00% AER/6.78% gross for £1+ (includes a 2.50% AER / 2.47% gross (variable) bonus rate for the first 12 months from opening)​​
0.00% for £4k+
Everyday SaverAER/gross (variable)1.00% AER/gross (variable)1.05%/1.04% AER/gross (variable)
Private Everyday SaverAER/gross (variable)1.00% AER/gross (variable)1.05%/1.04% AER/gross (variable)
Instant SaverAER/gross (variable)1.00% AER/gross (variable)1.05%/1.04% AER/gross (variable)
Special Reserve AccountAER/gross (variable)1.00% AER/gross (variable)1.05%/1.04% AER/gross (variable)
Easy Access Saver (Issue 19)AER/gross (variable)1.00% AER/gross (variable)1.05%/1.04% AER/gross (variable)
Easy Access Saver (Issue 20)AER/gross (variable)1.00% AER/gross (variable)1.05%/1.04% AER/gross (variable)
Private Banking Easy Access Saver (Issue 8)AER/gross (variable)1.00% AER/gross (variable)1.05%/1.04% AER/gross (variable)
Private Banking Easy Access Saver (Issue 9)AER/gross (variable)1.00% AER/gross (variable)1.05%/1.04% AER/gross (variable)
Easy Access ISA (Issue 13)AER/tax free (variable)1.00% AER/tax-free (variable)1.05 AER/tax-free (variable) 
ISA SaverAER/tax free (variable)1.00% AER/tax-free (variable)1.05 AER/tax-free (variable) 
Easy ISAAER/tax free (variable)1.00% AER/tax-free (variable)1.05 AER/tax-free (variable) 
Inheritance ISAAER/tax free (variable)1.00% AER/tax-free (variable)1.05 AER/tax-free (variable) 
TOISAAER/tax free (variable)1.00% AER/tax-free (variable)1.05 AER/tax-free (variable) 

The Bank of England Base rate increased from 4.50% to 5.00% on 22 June 2023. So because of this, on 3 July we’re increasing the interest rate on savings accounts linked to the base rate.

Accounts linked to the base rate:

Account nameRate shownInterest rate before 3 JulyEffective from 3 July
Good for Life ISAAER/tax free (variable)4.50%5.00%
Rate for LifeAER/gross (variable)0.85% for £1+
4.75% for £1,000+
1.00% for £1+ (from 17 July)
5.25% for £1,000+

We’ve also increased rates on some of our products that aren’t linked to the base rate on 3 July and 17 July 2023. You can find details of your new rates below. 

Account nameRate shownInterest rate before 3 JulyEffective from 3 July
Abbey National Retirement Investment Account (ANRIA)AER/gross (variable)4.25%4.75%
First Home SaverAER/gross (variable)2.45%2.70%
Help to Buy ISAAER/tax free (variable)2.45%2.70%
Flexible Saver for KidsAER/gross (variable)2.05%2.30%
Junior ISAAER/tax free (variable)2.80%3.05%

 

Account nameRate shownInterest rate before 17 JulyEffective from 17 July
Everyday SaverAER/gross (variable)0.85%1.00%
Private Everyday SaverAER/gross (variable)0.85%1.00%
Instant SaverAER/gross (variable)0.85%1.00%
Special Reserve AccountAER/gross (variable)0.85%1.00%
eSaver (Issue 19)AER/gross (variable)0.85%1.00%
eSaver (Issue 20)AER/gross (variable)0.85%1.00%
Private eSaver (Issue 8)AER/gross (variable)0.85%1.00%
eISA (Issue 13)AER/tax free (variable)0.85%1.00%
ISA SaverAER/tax free (variable)0.85%1.00%
Easy ISAAER/tax free (variable)0.85%1.00%
Inheritance ISAAER/tax free (variable)0.85%1.00%
TOISAAER/tax free (variable)0.85%1.00%

 

From 31 July 2023, we’re making changes to our terms. 

  • We’re making these changes so that our terms comply with law and regulation.
  • We’re making the terms clearer and simpler to read.
  • We’re moving parts of the content around to make it easier for you to find what you need. 
  • There are also changes to reflect our way of doing business. This includes some changes to when we may not make your payments and when we may block or close your account.

We might have already contacted you to tell you about these changes

To read the terms and conditions that are specific to your account, visit our savings and cash ISAs information page

The Bank of England Base rate increased from 4.25% to 4.50% on 11 May 2023. Following this, on 2 June we’re increasing the interest rate on savings accounts linked to the base rate.

Accounts linked to the base rate:

Account nameRate shownInterest rate before 2 JuneEffective from 2 June
Good for Life ISAAER/tax free (variable)4.25%4.50%
Rate for LifeAER/gross (variable)0.70% for £1+
4.50% for £1,000+
0.85% for £1+
4.75% for £1,000+

We’re also increasing rates on a number of our products that aren’t linked to the base rate on 2 June 2023. Details of your new rates are below. 

Account nameRate shownInterest rate before 2 JuneEffective from 2 June
Everyday SaverAER/gross (variable)0.70%0.85%
Private Everyday SaverAER/gross (variable)0.70%0.85%
Instant SaverAER/gross (variable)0.70%0.85%
Special Reserve AccountAER/gross (variable)0.70%0.85%
eSaver (Issue 18) and eSaver (Issue 19)AER/gross (variable)0.70%0.85%
eSaver (Issue 20)AER/gross (variable)0.75%0.85%
Private eSaver (Issue 7) and Private eSaver (Issue 8)AER/gross (variable)0.70%0.85%
eISA (Issue 12) and eISA (Issue 13)AER/tax free (variable)0.70%0.85%
ISA SaverAER/tax free (variable)0.70%0.85%
Easy ISAAER/tax free (variable)0.70%0.85%
Inheritance ISAAER/tax free (variable)0.70%0.85%
TOISAAER/tax free (variable)0.70%0.85%
Account nameRate shownInterest rate before 2 JuneEffective from 2 June
Abbey National Retirement Investment Account (ANRIA)AER/gross (variable)4.00%4.25%
First Home SaverAER/gross (variable)2.30%2.45%
Help to Buy ISAAER/tax free (variable)2.30%2.45%
Flexible Saver for KidsAER/gross (variable)1.90%

2.05%

Junior ISAAER/tax free (variable)2.65%2.80%

The Bank of England Base rate increased from 4.00% to 4.25% on 23 March 2023. So because of this, on 18 April we’re increasing the interest rate on savings accounts linked to the base rate.

Accounts linked to the base rate:

Account nameRate shownInterest rate before 18 AprilEffective from 18 April
Good for Life ISAAER/tax free (variable)4.00%4.25%
Rate for LifeAER/gross (variable)0.60% for £1+
4.25% for £1,000+
0.70% for £1+
4.50% for £1,000+

We’re also increasing rates on some of our products that aren’t linked to the base rate on 28 March and 18 April. You can find details of your new rates below. 

Account nameRate shownInterest rate before 28 MarchEffective from 28 March
Everyday SaverAER/gross (variable)0.60%0.70%
Private Everyday SaverAER/gross (variable)0.60%0.70%
Instant SaverAER/gross (variable)0.60%0.70%
Special Reserve AccountAER/gross (variable)0.60%0.70%
Charity Investment AccountAER/gross (variable)0.60%0.70%
eSaver (Issue 18)AER/tax free (variable)0.60%0.70%
eSaver (Issue 19)AER/tax free (variable)0.60%0.70%
Private eSaver (Issue 7)AER/tax free (variable)0.60%0.70%
eISA (Issue 12)AER/tax free (variable)0.60%0.70%
ISA SaverAER/tax free (variable)0.60%0.70%
Easy ISAAER/gross (variable)0.60%0.70%
Inheritance ISAAER/gross (variable)0.60%0.70%
TOISAAER/gross (variable)0.60%0.70%
Abbey National Retirement Investment Account (ANRIA)AER/gross (variable)3.75%4.00%
Account nameRate shownInterest rate before 18 AprilEffective from 18 April
First Home SaverAER/gross (variable)2.15%2.30%
Help to Buy ISAAER/tax free (variable)2.15%2.30%
Flexible Saver for KidsAER/gross (variable)1.75%

1.90%

Junior ISAAER/tax free (variable)2.50%2.65%

The Bank of England Base rate increased from 3.50% to 4.00% on 2 February 2023. So because of this, on 2 March we’re increasing the interest rate on savings accounts linked to the base rate.

Accounts linked to the base rate:

Account nameRate shownInterest rate before 2 MarchEffective from 2 March
Good for Life ISAAER/tax free (variable)3.50%4.00%
Rate for LifeAER/gross (variable)0.55% for £1+
3.75% for £1,000+
0.60% for £1+
4.25% for £1,000+

We’re also increasing rates on some of our products that aren’t linked to the base rate on 21 February and 2 March. You can find details of your new rates below. 

Account nameRate shownInterest rate before 21 FebruaryEffective from 21 February
Everyday SaverAER/gross (variable)0.55%0.60%
Private Everyday SaverAER/gross (variable)0.55%0.60%
Instant SaverAER/gross (variable)0.55%0.60%
Special Reserve AccountAER/gross (variable)0.55%0.60%
Charity Investment AccountAER/gross (variable)0.55%0.60%
eSaver (Issue 18)AER/tax free (variable)0.55%0.60%
eSaver (Issue 19)AER/tax free (variable)0.55%0.60%
Private eSaver (Issue 7)AER/tax free (variable)0.55%0.60%
eISA (Issue 12)AER/tax free (variable)0.55%0.60%
ISA SaverAER/tax free (variable)0.55%0.60%
Easy ISAAER/gross (variable)0.55%0.60%
Inheritance ISAAER/gross (variable)0.55%0.60%
TOISAAER/gross (variable)0.55%0.60%
Account nameRate shownInterest rate before 2 MarchEffective from 2 March 
Abbey National Retirement Investment Account (ANRIA)AER/gross (variable)3.25%3.75%
First Home SaverAER/gross (variable)1.90%2.15%
Help to Buy ISAAER/tax free (variable)1.90%2.15%
Flexible Saver for KidsAER/gross (variable)1.50%

1.75%

Junior ISAAER/tax free (variable)2.25%2.50%
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