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Savings Interest Rates

You will find the interest rates of our current product range and also all our previous issue products below.

Current Products

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Product Issue Number Date Launched Annual Interest Rate Gross/AER Monthly Interest Rate Gross
5 Year Fixed Rate Business, Trust and Charity BondIssue 1220/11/20201.15% FixedN/A
2 Year Fixed Rate Business, Trust and Charity BondIssue 1012/11/20201.15% FixedN/A

The minimum balance for our 5 Year Fixed Rate Bond is £10,000 and our 2 Year Fixed Rate Business Bond is £25,000.

If a Fixed Rate Bond has matured and we have not received any instructions to close or transfer the account, the Bond will convert in to an Easy Access Account which currently pays 0.50% Gross/AER Variable.

Please note: We allow existing customers with previous issue products (excluding fixed rate bonds) to transfer to current products subject to meeting the terms & conditions of the new account. Where the new product has a notice period equivalent to, or longer than, the previous issue product held, this can be done immediately without having to wait for the notice period to expire. To do this, please apply for the new product and then contact us to transfer the funds.

Historical Interest Rates 

To see our historical interest rates for our previous issue products please click this link.

Previous issue products - Business Notice Accounts

31 Day Business Notice Accounts

Issue Number Rate From Annual Interest Rate Gross/AER Variable Monthly Interest Rate Gross Variable
Issue 1, 2, 4 & 5 28/08/2020 0.90% 0.896%
Issue 6 ( previously 30 day Issue 1,2,3 & 4) 28/08/2020 0.90% 0.896%

45 Day Business Notice Accounts

Issue Number Rate From Annual Interest Rate Gross/AER Variable Monthly Interest Rate Gross Variable
Issue 1 14/09/2020 0.90% 0.896%

60 Day Business Notice Accounts

Issue Number Rate From Annual Interest Rate Gross/AER Variable Monthly Interest Rate Gross Variable
Issue 1, 2, 3 & 4 27/09/2020 0.90% 0.896%

95 Day Business Notice Accounts

Issue Number Rate From Annual Interest Rate Gross/AER Variable Monthly Interest Rate Gross Variable
Issue 1, 2, 3, 4, 5, 6, 7 & 8 20/10/2020 1.00% 0.995%

120 Day Business Notice Accounts

Issue Number Rate From Annual Interest Rate Gross/AER Variable Monthly Interest Rate Gross Variable
Issue 1 & 2 19/11/2020 1.00% 0.995%

180 Day Business Notice Account

Issue Number Rate From Annual Interest Rate Gross/AER Variable Monthly Interest Rate Gross Variable
Issue 1 11/10/2020 1.50% 1.49%
Issue 2 11/10/2020 1.50% 1.49%

Previous issue products - Fixed Rate Business Bonds

1 Year Business Fixed Rate Bond

Issue Number Date Launched Date Withdrawn Annual Interest Rate Gross AER Fixed
Issue 24 18/04/2019 19/12/2019 1.70%
Issue 26 20/12/2019 09/02/2020 1.60%

If a Fixed Rate Bond has matured and we have not received any instructions to close or transfer the account, the Bond will convert into an Easy Access Account which pays currently 0.50% Gross AER Variable.

2 Year Business Fixed Rate Bond

Issue Number Date Launched Date Withdrawn Annual Interest Rate Gross AER Fixed
Issue 4 16/08/2018 19/12/2018 2.00%
Issue 5 19/12/2018 09/01/2019 1.80%
Issue 6 31/05/2019 30/11/2019 2.00%
Issue 7 02/12/2019 07/02/2019 1.80%
Issue 9 28/09/2020 11/11/2020 1.20%

If a Fixed Rate Bond has matured and we have not received any instructions to close or transfer the account, the Bond will convert into an Easy Access Account which currently pays 0.50% Gross AER Variable.

3 Year Business Fixed Rate Bond

Issue Number Date Launched Date Withdrawn Annual Interest Rate Gross AER Fixed
Issue 4 30/06/2017 21/06/2018 1.70%
Issue 5 09/02/2018 15/08/2018 2.00%
Issue 6 16/08/2018 19/12/2018 2.20%
Issue 7 10/02/2020 11/05/2020 1.75%

If a Fixed Rate Bond has matured and we have not received any instructions to close or transfer the account, the Bond will convert into an Easy Access Account which currently pays 0.50% Gross AER Variable.

5 Year Business Fixed Rate Bond

Issue Number Date Launched Date Withdrawn Annual Interest Rate Gross AER Fixed
Issue 1 25/08/2015 11/08/2016 2.75%
Issue 2 16/10/2017 18/02/2018 2.20%
Issue 3 19/02/2018 15/08/2018 2.50%
Issue 4 16/08/2018 19/12/2018 2.75%
Issue 5 20/12/2018 17/01/2019 2.50%
Issue 6 18/01/2019 10/02/2020 2.50%
Issue 7 10/02/2020 19/03/2020 2.20%
Issue 8 20/03/2020 12/05/2020 2.20%
Issue 9 12/05/2020 10/06/2020 1.70%
Issue 10 11/06/2020 20/09/2020 1.30%
Issue 11 21/09/2020 19/11/2020 1.40%

If a Fixed Rate Bond has matured and we have not received any instructions to close or transfer the account, the Bond will convert into an Easy Access Account which currently pays 0.50% Gross AER Variable.

Previous issue products - Easy Access Accounts

Professional Practice Easy Access

Issue Number Rate From Annual Interest Rate Gross/AER Variable Monthly Interest Rate Gross Variable
Issue 1, 2 & 4 19/06/2020 0.50% 0.499%
Issue 3 23/10/2017 0.60% 0.598%

This product is not available for new applications.