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Savings Interest Rates
Savings Interest Rates
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On Thursday 8 May 2025, the Bank of England reduced the base rate by 0.25% from 4.50% to 4.25%. 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 5 June 2025.
Rates for existing accounts
E-Saver Plus - Issue 6
Online only
Interest Rate
4.01%
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
4.01%
Gross/AER Variable
Apply Now More Information
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Less
Saver Plus - Issue 6
Face to Face or by Post
Interest Rate
4.01%
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
4.01%
Gross/AER Variable
More Information
More
Less
Member Savings Bond 216
Face to Face or by Post
Interest Rate
3.90%
Gross/AER Fixed
Key Information
  • 3.90% Gross/AER fixed until 25 November 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
3.90%
Gross/AER Fixed
More Information
More
Less
E-Savings Bond 215
Online only
Interest Rate
3.80%
Gross/AER Fixed
Key Information
  • 3.80% Gross/AER fixed until 26 May 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
3.80%
Gross/AER Fixed
Apply Now More Information
More
Less
E-Savings Bond 214
Online only
Interest Rate
4.00%
Gross/AER Fixed
Key Information
  • 4.00% Gross/AER fixed until 27 May 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
4.00%
Gross/AER Fixed
Apply Now More Information
More
Less
Savings Bond 215
Face to Face or by Post
Interest Rate
3.80%
Gross/AER Fixed
Key Information
  • 3.80% Gross/AER fixed until 26 May 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
3.80%
Gross/AER Fixed
More Information
More
Less
Savings Bond 214
Face to Face or by Post
Interest Rate
4.00%
Gross/AER Fixed
Key Information
  • 4.00% Gross/AER fixed until 27 May 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
4.00%
Gross/AER Fixed
More Information
More
Less
18 Month Members Fixed Rate ISA - Issue 77
Face to Face or by Post
Interest Rate
3.90%
Tax-Free/AER Fixed
Key Information
  • 3.90% Tax-Free/AER fixed until 18 November 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
3.90%
Tax-Free/AER Fixed
More Information
More
Less
2 Year Fixed Rate E-ISA - Issue 76
Online only
Interest Rate
3.80%
Tax-Free/AER Fixed
Key Information
  • 3.80% Tax Free/AER fixed until 19 May 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
3.80%
Tax-Free/AER Fixed
Apply now More Information
More
Less
1 Year Fixed Rate E-ISA - Issue 75
Online only
Interest Rate
4.00%
Tax-Free/AER Fixed
Key Information
  • 4.00% Tax Free/AER fixed until 21 May 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
4.00%
Tax-Free/AER Fixed
Apply now More Information
More
Less
2 Year Fixed Rate ISA - Issue 76
Face to Face or by Post
Interest Rate
3.80%
Tax-Free/AER Fixed
Key Information
  • 3.80% Tax-free/AER fixed until 19 May 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
3.80%
Tax-Free/AER Fixed
More Information
More
Less
1 Year Fixed Rate ISA - Issue 75
Face to Face or by Post
Interest Rate
4.00%
Tax-Free/AER Fixed
Key Information
  • 4.00% Tax-free/AER fixed until 21 May 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
4.00%
Tax-Free/AER Fixed
More Information
More
Less
E-ISA
Online only
Interest Rate
3.05%
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
3.05%
Tax-Free/AER Variable
Apply now More Information
More
Less
Cash ISA
Face to Face or by Post
Interest Rate
3.05%
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
3.05%
Tax-Free/AER Variable
More Information
More
Less
Online Saver
Online only
Interest Rate
3.00%
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
3.00%
Gross/AER Variable
Apply Now More Information
More
Less
Instant Access Saver
Face to Face or by Post
Interest Rate
3.00%
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
3.00%
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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