1.25% gross/AER variable
Reward Saver is designed to give you the flexibility and choice to make deposits, withdrawals and manage your account in the way that best suits your needs.
Deposits and Withdrawals
Make deposits in branch (cash or cheque), by post (cheques only) or from an account of your choice using your bank's online/phone banking services.
Flexible withdrawals and easy access to your savings when you need it, subject to a withdrawal fee equivalent to 30 days’ gross interest on the amount withdrawn. Alternatively, access your savings free of charge by providing 30 days’ notice. The minimum withdrawal amount is £50. Please note you can only have one 30 day notice withdrawal pending at any one time.
See the Summary tab for more information.
Earn interest annually or monthly. If you opt for annual interest you’ll benefit from 1.25% gross/AER variable which includes a 0.60% gross fixed bonus for the first 12 months. After 12 months the rate reverts to the underlying rate of 0.65% gross/AER variable. Interest will be paid annually on the anniversary of your account opening. If you choose monthly interest you’ll receive 1.24% gross/1.25% AER variable which includes a 0.59% gross fixed bonus for the first 12 months. After 12 months the rate reverts to the underlying rate of 0.64% gross/0.65% AER variable. Interest will be paid monthly on the closest business day of the month to when your account was opened.
The minimum balance for Reward Saver is just £500 and you can deposit up to £2 million. Please note no interest is paid on balances below £500.
Before applying, check that you’re eligible. Reward Saver is open to anyone aged 18 or over, who is resident and ordinarily resident in the UK for tax purposes.