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Instant Access Savings Account
Immediate access to savings
This could be the perfect account if you want to start saving. It's simple to use - and with our 'monthly sweep' you can make use of any spare cash in your current account.
- Instant access - your money is there when you need it, with unlimited free withdrawals
- Start with just £50 - with a low opening balance, it's easy to start saving. Or instead, you can start by setting up a Standing Order of £20 or more
- Manage your money - bank online, by telephone and in-branch. Plus withdraw money at any cash machine where you see the logo shown on your card
- Save on your mortgage - use your Instant Access Savings account balance to save money with our Offset mortgage. Remember - you won't earn any interest on your savings if you offset
- Interest is calculated daily and paid annually. Interest rates are variable
- Set up and track your own personal savings goals - through Digital Banking
For offset account the interest rate is calculated daily and paid monthly
This page provides the current interest rates that apply to this account. We have a separate page for previous savings interest rates.
Full copies of the fees and rates, and terms and conditions that apply to our personal accounts can be downloaded for our terms and conditions page.
Current savings rates
Instant Access Savings Account
| Amount | AER | Gross Rate % p.a. | Net Rate % p.a. |
|---|---|---|---|
| £1 + | 0.10% | 0.10% | 0.08% |
Interest paid annually.
Last updated on: 2 Jan 2009.
Offset Instant Access Savings Account
| Amount | AER | Gross Rate % p.a. | Net Rate % p.a. |
|---|---|---|---|
| £1 + | 0.10% | 0.10% | 0.08% |
Interest paid monthly.
Last updated on: 2 Jan 2009.
Common definitions
Annual Equivalent Rate (AER). This is a notional rate used for interest bearing accounts which illustrates what the interest would be if paid and compounded each year. It helps you to compare the effective rates of credit interest on different accounts.
Gross Rate. This means the interest rate you are paid before the deduction of income tax.
Net Rate. This means the interest rate you are paid after the deduction of income tax.
New customers will be asked to provide proof of identity including verification of address.
System updates will mean that our internet and telephone banking services are unavailable for short periods in the early hours of the morning.
- Apply online for this account
- Please also read our website terms and conditions which cover your use of this website