When you choose a savings account you will need to consider the withdrawal arrangements as well as the rate, so that you can choose the one most suitable for you and your requirements.
Easy access accounts allow you immediate access to your savings without penalty, however you are likely to have a lower rate than you would with one of our notice accounts.
Find out more about our easy access accounts below.
| Minimum Balance | £1 |
| Interest Rate (AER1/Gross2) | 3.75% |
| Interest Payable | Annually on 31 December |
| Withdrawals | 1 penalty free withdrawal per calendar quarter |
| Access | Post or branch |
Local and Loyal only
| Minimum Balance | £1 + |
| Interest Rate (AER1/Gross2) | 1.75% |
| Interest Payable | Annually on 31 December |
| Withdrawals | Withdrawals, closure or transfers can be made without notice or loss of interest |
| Access | Post or branch |
Local and Loyal only
| Minimum Balance | £1 + |
| Interest Rate (AER1/Gross2) | 4.75% |
| Interest Payable | Annually on 5 April tax free^ |
| Withdrawals | 2 penalty free withdrawals, additional withdrawals are subject to the loss of 90 days interest on the amount withdrawn |
| Access | Post or Branch |
| Minimum Balance | £1 + |
| Interest Rate (AER1/Gross2) | 2.40% |
| Interest Payable | Annually on 5 April tax free^ |
| Withdrawals | Withdrawals, closure or transfers can be made without notice or loss of interest |
| Access | Post or Branch |
AER stands for Annual Equivalent Rate and illustrates what the interest rate would be if interest was paid and compounded once each year. AERs on the Monthly Income account assume interest is added to the account each month although in practice the option to have interest added in this way is not available.
The gross rate is the contractual rate of interest payable without tax taken off.
If separate AER/Gross rates are not quoted, both rates are identical.
Tax free means exempt from UK income and capital gains tax in the hands of the investor.
Want to ask us a specific question? Enquire online here or phone us on 01623 676350
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