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Current interest rates for savers

Accounts currently available
Please select the relevant account type from the menu below to view the interest rates for the savings accounts currently available.

Accounts no longer available
If you are an existing customer and you are looking for interest rates for variable rate savings accounts that are no longer available to new savers then you need to visit our Interest rates for accounts no longer available page.

Let us help
If you have any queries regarding interest rates or would like to discuss your options please get in touch.


Online Accounts

Everyday e-Saver (Issue 1) Find out more

Rates effective from 2nd September 2016

Annual Interest

Minimum investment
Gross p.a.%
Close

The Gross rate is the contractual rate of interest payable before deduction of income tax at the rate specified by law.

AER%
Close

The Annual Equivalent Rate (AER) is a notional rate which illustrates what the gross interest rate would be if interest was paid and added to the account annually.

£100+ 0.50 0.50

Monthly Interest

Minimum investment
Gross p.a.%
Close

The Gross rate is the contractual rate of interest payable before deduction of income tax at the rate specified by law.

AER%
Close

The Annual Equivalent Rate (AER) is a notional rate which illustrates what the gross interest rate would be if interest was paid and added to the account annually. AERs on an account which pays monthly interest assumes interest is added to the account at the end of each month during the year. In practice, the option to have interest added in this way is not available on our monthly interest accounts

£100+ 0.50 0.50

Previous rates effective from 25th November 2014 to 1st September 2016

Annual Interest

Minimum investment
Gross p.a.%
Close

The Gross rate is the contractual rate of interest payable before deduction of income tax at the rate specified by law.

AER%
Close

The Annual Equivalent Rate (AER) is a notional rate which illustrates what the gross interest rate would be if interest was paid and added to the account annually.

£100+ 0.75 0.75

Monthly Interest

Minimum investment
Gross p.a.%
Close

The Gross rate is the contractual rate of interest payable before deduction of income tax at the rate specified by law.

AER%
Close

The Annual Equivalent Rate (AER) is a notional rate which illustrates what the gross interest rate would be if interest was paid and added to the account annually. AERs on an account which pays monthly interest assumes interest is added to the account at the end of each month during the year. In practice, the option to have interest added in this way is not available on our monthly interest accounts

£100+ 0.75 0.75
  • Interest rates are variable
  • Interest is calculated daily. Annual interest paid on 31st December. Monthly interest paid on the last day of each month
  • Interest rates are variable
  • Interest is calculated daily. Annual interest paid on 31st December. Monthly interest paid on the last day of each month

e-Maturity AccountFind out more

Rates effective from 30th December 2016

Annual Interest

Minimum investment
Gross p.a.%
Close

The Gross rate is the contractual rate of interest payable before deduction of income tax at the rate specified by law.

AER%
Close

The Annual Equivalent Rate (AER) is a notional rate which illustrates what the gross interest rate would be if interest was paid and added to the account annually.

Tracker Rate
£1+ 0.50 0.50 Base Rate + 0.25%

Monthly Interest

Minimum investment
Gross p.a.%
Close

The Gross rate is the contractual rate of interest payable before deduction of income tax at the rate specified by law.

AER%
Close

The Annual Equivalent Rate (AER) is a notional rate which illustrates what the gross interest rate would be if interest was paid and added to the account annually. AERs on an account which pays monthly interest assumes interest is added to the account at the end of each month during the year. In practice, the option to have interest added in this way is not available on our monthly interest accounts

Tracker Rate
£1+ 0.50 0.50 Base Rate + 0.25%

Previous rates effective from 2nd September 2016 to 29th December 2016

Annual Interest

Minimum investment
Gross p.a.%
Close

The Gross rate is the contractual rate of interest payable before deduction of income tax at the rate specified by law.

AER%
Close

The Annual Equivalent Rate (AER) is a notional rate which illustrates what the gross interest rate would be if interest was paid and added to the account annually.

Tracker Rate
£1+ 0.75 0.75 Base Rate + 0.50%

Monthly Interest

Minimum investment
Gross p.a.%
Close

The Gross rate is the contractual rate of interest payable before deduction of income tax at the rate specified by law.

AER%
Close

The Annual Equivalent Rate (AER) is a notional rate which illustrates what the gross interest rate would be if interest was paid and added to the account annually. AERs on an account which pays monthly interest assumes interest is added to the account at the end of each month during the year. In practice, the option to have interest added in this way is not available on our monthly interest accounts

Tracker Rate
£1+ 0.75 0.75 Base Rate + 0.50%
  • Only available to existing customers with a maturing e-Bond
  • Interest rates are variable
  • On 29th December 2014 the variable rate was replaced with a tracker rate feature. The interest rate tracks the Bank of England base rate, currently 0.25%, plus 0.25% until 14th December 2017
  • Interest is calculated daily. Annual interest paid on 31st December. Monthly interest paid on the last day of each month
  • Only available to existing customers with a maturing e-Bond
  • Interest rates are variable
  • On 29th December 2014 the variable rate was replaced with a tracker rate feature for a period of two years. The interest rate tracks the Bank of England base rate, currently 0.25%, plus 0.50% until 29th December 2016
  • Interest is calculated daily. Annual interest paid on 31st December. Monthly interest paid on the last day of each month

1 Year Fixed Rate e-ISA (Issue 1) Find out more

Rates effective from 1st June 2017

Minimum investment
Tax-free p.a.%
Close

The Tax-free rate is the contractual rate of interest payable where interest is exempt from income tax.

AER%
Close

The Annual Equivalent Rate (AER) is a notional rate which illustrates what the gross interest rate would be if interest was paid and added to the account annually.

Non-stakeholder
Close

The Government's Stakeholder status for ISAs provides a benchmark designed to identify straightforward savings products which are simple, clear and fair. Stakeholder status does not guarantee the best performance nor is it necessarily suitable for every saver.

£500+ 1.05 1.05 Non-stakeholder
  • Interest rates are fixed for one year
  • Interest is calculated daily and is paid annually on 31st December and on the maturity date

1 Year Fixed Rate e-bond (Issue 4) Find out more

Rates effective from 8th September 2017

Minimum investment
Gross p.a.%
Close

The Gross rate is the contractual rate of interest payable before deduction of income tax at the rate specified by law.

AER%
Close

The Annual Equivalent Rate (AER) is a notional rate which illustrates what the gross interest rate would be if interest was paid and added to the account annually.

£5,000+ 1.15 1.15
  • Interest rates are fixed for one year
  • Interest is calculated daily and is paid annually on 31st December and on the maturity date

ISAs 

Instant Access ISA (Issue 3) Find out more 

Rates effective from 2nd September 2016

Minimum investment
Tax-free p.a.%
Close

The Tax-free rate is the contractual rate of interest payable where interest is exempt from income tax.

AER%
Close

The Annual Equivalent Rate (AER) is a notional rate which illustrates what the gross interest rate would be if interest was paid and added to the account annually.

Non-stakeholder
Close

The Government's Stakeholder status for ISAs provides a benchmark designed to identify straightforward savings products which are simple, clear and fair. Stakeholder status does not guarantee the best performance nor is it necessarily suitable for every saver.

£1+ 0.45 0.45 Non-stakeholder
£25,000+ 0.80 0.80 Non-stakeholder

Previous rates effective from 1st July 2014 to 1st September 2016

Minimum investment
Tax-free p.a.%
Close

The Tax-free rate is the contractual rate of interest payable where interest is exempt from income tax.

AER%
Close

The Annual Equivalent Rate (AER) is a notional rate which illustrates what the gross interest rate would be if interest was paid and added to the account annually.

Non-stakeholder
Close

The Government's Stakeholder status for ISAs provides a benchmark designed to identify straightforward savings products which are simple, clear and fair. Stakeholder status does not guarantee the best performance nor is it necessarily suitable for every saver.

£1+ 0.70 0.70 Non-stakeholder
£25,000+ 1.20 1.20 Non-stakeholder
  • Interest rates are variable
  • Interest is calculated daily and paid on 31st December

1 Year Fixed Rate e-ISA (Issue 1) Find out more

Rates effective from 1st June 2017

Minimum investment
Tax-free p.a.%
Close

The Tax-free rate is the contractual rate of interest payable where interest is exempt from income tax.

AER%
Close

The Annual Equivalent Rate (AER) is a notional rate which illustrates what the gross interest rate would be if interest was paid and added to the account annually.

Non-stakeholder
Close

The Government's Stakeholder status for ISAs provides a benchmark designed to identify straightforward savings products which are simple, clear and fair. Stakeholder status does not guarantee the best performance nor is it necessarily suitable for every saver.

£500+ 1.05 1.05 Non-stakeholder
  • Interest rates are fixed for one year
  • Interest is calculated daily and is paid annually on 31st December and on the maturity date

1 Year Fixed Rate ISA (Issue 20) Find out more

Rates effective from 1st June 2017

Minimum investment
Tax-free p.a.%
Close

The Tax-free rate is the contractual rate of interest payable where interest is exempt from income tax.

AER%
Close

The Annual Equivalent Rate (AER) is a notional rate which illustrates what the gross interest rate would be if interest was paid and added to the account annually.

Non-stakeholder
Close

The Government's Stakeholder status for ISAs provides a benchmark designed to identify straightforward savings products which are simple, clear and fair. Stakeholder status does not guarantee the best performance nor is it necessarily suitable for every saver.

£500+ 1.05 1.05 Non-stakeholder
  • Interest rates are fixed
  • Interest is calculated daily and paid on 31st December
  • Interest rates are fixed
  • Interest is calculated daily and paid on 31st December

2 Year Fixed Rate ISA (Issue 19) Find out more

Rates effective from 1st June 2017

Minimum investment
Tax-free p.a.%
Close

The Tax-free rate is the contractual rate of interest payable where interest is exempt from income tax.

AER%
Close

The Annual Equivalent Rate (AER) is a notional rate which illustrates what the gross interest rate would be if interest was paid and added to the account annually.

Non-stakeholder
Close

The Government's Stakeholder status for ISAs provides a benchmark designed to identify straightforward savings products which are simple, clear and fair. Stakeholder status does not guarantee the best performance nor is it necessarily suitable for every saver.

£500+ 1.16 1.16 Non-stakeholder
  • Interest rates are fixed
  • Interest is calculated daily and paid on 31st December
  • Interest rates are fixed
  • Interest is calculated daily and paid on 31st December

5 Year Fixed Rate ISA (Issue 8) Find out more

Rates effective from 22nd February 2017

Minimum investment
Tax-free p.a.%
Close

The Tax-free rate is the contractual rate of interest payable where interest is exempt from income tax.

AER%
Close

The Annual Equivalent Rate (AER) is a notional rate which illustrates what the gross interest rate would be if interest was paid and added to the account annually.

Non-stakeholder
Close

The Government's Stakeholder status for ISAs provides a benchmark designed to identify straightforward savings products which are simple, clear and fair. Stakeholder status does not guarantee the best performance nor is it necessarily suitable for every saver.

£500+ 1.40 1.40 Non-stakeholder
£20,000+ 1.50 1.50 Non-stakeholder
£50,000+ 1.60 1.60 Non-stakeholder
  • Interest rates are fixed
  • Interest is calculated daily and paid on 31st December
  • Interest rates are fixed
  • Interest is calculated daily and paid on 31st December

 


Easy Access

Instant Access AccountFind out more

Rates effective from 2nd September 2016

Minimum investment
Gross p.a.%
Close

The Gross rate is the contractual rate of interest payable before deduction of income tax at the rate specified by law.

AER%
Close

The Annual Equivalent Rate (AER) is a notional rate which illustrates what the gross interest rate would be if interest was paid and added to the account annually.

£100+ 0.10 0.10
£10,000+ 0.10 0.10

Previous rates effective from 5th September 2013 to 1st September 2016

Minimum investment
Gross p.a.%
Close

The Gross rate is the contractual rate of interest payable before deduction of income tax at the rate specified by law.

AER%
Close

The Annual Equivalent Rate (AER) is a notional rate which illustrates what the gross interest rate would be if interest was paid and added to the account annually.

£100+ 0.10 0.10
£10,000+ 0.25 0.25
  • Interest rates are variable
  • Interest is calculated daily and paid annually on 31st December
  • Interest rates are variable
  • Interest is calculated daily and paid annually on 31st December

Everyday e-Saver (Issue 1) Find out more

Rates effective from 2nd September 2016

Annual Interest

Minimum investment
Gross p.a.%
Close

The Gross rate is the contractual rate of interest payable before deduction of income tax at the rate specified by law.

AER%
Close

The Annual Equivalent Rate (AER) is a notional rate which illustrates what the gross interest rate would be if interest was paid and added to the account annually.

£100+ 0.50 0.50

Monthly Interest

Minimum investment
Gross p.a.%
Close

The Gross rate is the contractual rate of interest payable before deduction of income tax at the rate specified by law.

AER%
Close

The Annual Equivalent Rate (AER) is a notional rate which illustrates what the gross interest rate would be if interest was paid and added to the account annually. AERs on an account which pays monthly interest assumes interest is added to the account at the end of each month during the year. In practice, the option to have interest added in this way is not available on our monthly interest accounts

£100+ 0.50 0.50

Previous rates effective from 25th November 2014 to 1st September 2016

Annual Interest

Minimum investment
Gross p.a.%
Close

The Gross rate is the contractual rate of interest payable before deduction of income tax at the rate specified by law.

AER%
Close

The Annual Equivalent Rate (AER) is a notional rate which illustrates what the gross interest rate would be if interest was paid and added to the account annually.

£100+ 0.75 0.75

Monthly Interest

Minimum investment
Gross p.a.%
Close

The Gross rate is the contractual rate of interest payable before deduction of income tax at the rate specified by law.

AER%
Close

The Annual Equivalent Rate (AER) is a notional rate which illustrates what the gross interest rate would be if interest was paid and added to the account annually. AERs on an account which pays monthly interest assumes interest is added to the account at the end of each month during the year. In practice, the option to have interest added in this way is not available on our monthly interest accounts

£100+ 0.75 0.75
  • Interest rates are variable
  • Interest is calculated daily. Annual interest paid on 31st December. Monthly interest paid on the last day of each month
  • Interest rates are variable
  • Interest is calculated daily. Annual interest paid on 31st December. Monthly interest paid on the last day of each month

Instant Access ISA (Issue 3) Find out more 

Rates effective from 2nd September 2016

Minimum investment
Tax-free p.a.%
Close

The Tax-free rate is the contractual rate of interest payable where interest is exempt from income tax.

AER%
Close

The Annual Equivalent Rate (AER) is a notional rate which illustrates what the gross interest rate would be if interest was paid and added to the account annually.

Non-stakeholder
Close

The Government's Stakeholder status for ISAs provides a benchmark designed to identify straightforward savings products which are simple, clear and fair. Stakeholder status does not guarantee the best performance nor is it necessarily suitable for every saver.

£1+ 0.45 0.45 Non-stakeholder
£25,000+ 0.80 0.80 Non-stakeholder

Previous rates effective from 1st July 2014 to 1st September 2016

Minimum investment
Tax-free p.a.%
Close

The Tax-free rate is the contractual rate of interest payable where interest is exempt from income tax.

AER%
Close

The Annual Equivalent Rate (AER) is a notional rate which illustrates what the gross interest rate would be if interest was paid and added to the account annually.

Non-stakeholder
Close

The Government's Stakeholder status for ISAs provides a benchmark designed to identify straightforward savings products which are simple, clear and fair. Stakeholder status does not guarantee the best performance nor is it necessarily suitable for every saver.

£1+ 0.70 0.70 Non-stakeholder
£25,000+ 1.20 1.20 Non-stakeholder
  • Interest rates are variable
  • Interest is calculated daily and paid on 31st December
  • Interest rates are variable
  • Interest is calculated daily and paid on 31st December

Maturity Account
Exclusive to customers with maturing savings bonds

Rates effective from 30th December 2016

Minimum investment
Gross p.a.%
Close

The Gross rate is the contractual rate of interest payable before deduction of income tax at the rate specified by law.

AER%
Close

The Annual Equivalent Rate (AER) is a notional rate which illustrates what the gross interest rate would be if interest was paid and added to the account annually.

Tracker Rate
£1+ 0.25 0.25 Base Rate

Previous rates effective from 2nd September 2016 to 29th December 2016

Minimum investment
Gross p.a.%
Close

The Gross rate is the contractual rate of interest payable before deduction of income tax at the rate specified by law.

AER%
Close

The Annual Equivalent Rate (AER) is a notional rate which illustrates what the gross interest rate would be if interest was paid and added to the account annually.

Tracker Rate
£1+ 0.50 0.50 Base Rate +0.25%
  • Interest rates are variable
  • On 29th December 2014 the variable rate was replaced with a tracker rate feature for a period of two years. The interest rate tracks the Bank of England base rate, currently 0.25%, plus 0.25% until 29th December 2016
  • Interest is calculated daily and paid annually on 31st December
  • Interest rates are variable
  • On 29th December 2014 the variable rate was replaced with a tracker rate feature. The interest rate tracks the Bank of England base rate, currently 0.25%, until 14th December 2017
  • Interest is calculated daily and paid annually on 31st December

The CAMbens Account Find out more
Exclusively available to staff members of the University of Cambridge

Rates effective from 2nd September 2016

Minimum investment
Gross p.a.%
Close

The Gross rate is the contractual rate of interest payable before deduction of income tax at the rate specified by law.

AER%
Close

The Annual Equivalent Rate (AER) is a notional rate which illustrates what the gross interest rate would be if interest was paid and added to the account annually.

£1+ 0.50 0.50

Previous rates effective from 11th June 2015 to 1st September 2016

Minimum investment
Gross p.a.%
Close

The Gross rate is the contractual rate of interest payable before deduction of income tax at the rate specified by law.

AER%
Close

The Annual Equivalent Rate (AER) is a notional rate which illustrates what the gross interest rate would be if interest was paid and added to the account annually.

£1+ 0.75 0.75
  • The account can only be opened at our St Andrews Street or Grafton Centre branches
  • Interest rates are variable
  • Interest is calculated daily and paid annually on 31st December
  • The account can only be opened at our St Andrews Street or Grafton Centre branches
  • Interest rates are variable
  • Interest is calculated daily and paid annually on 31st December

Notice Account

100 Day Notice AccountFind out more

Rates effective from 1st June 2017

Minimum investment
Gross p.a.%
Close

The Gross rate is the contractual rate of interest payable before deduction of income tax at the rate specified by law.

AER%
Close

The Annual Equivalent Rate (AER) is a notional rate which illustrates what the gross interest rate would be if interest was paid and added to the account annually.

£1,000+ 1.00 1.00
  • Interest rates are variable
  • Interest is calculated daily and paid annually on 31st December

Bonds

1 Year Fixed Rate e-bond (Issue 4) Find out more

Rates effective from 8th September 2017

Minimum investment
Gross p.a.%
Close

The Gross rate is the contractual rate of interest payable before deduction of income tax at the rate specified by law.

AER%
Close

The Annual Equivalent Rate (AER) is a notional rate which illustrates what the gross interest rate would be if interest was paid and added to the account annually.

£5,000+ 1.15 1.15
  • Interest rates are fixed for one year
  • Interest is calculated daily and is paid annually on 31st December and on the maturity date

1 Year Fixed Rate bond (Issue 75) Find out more

Rates effective from 8th September 2017

Minimum investment
Gross p.a.%
Close

The Gross rate is the contractual rate of interest payable before deduction of income tax at the rate specified by law.

AER%
Close

The Annual Equivalent Rate (AER) is a notional rate which illustrates what the gross interest rate would be if interest was paid and added to the account annually.

£1,000+ 1.15 1.15
  • Interest rates are fixed for one year
  • Interest is calculated daily and is paid annually on 31st December and on the maturity date

5 Year Fixed Rate Bond (Issue 72) Find out more

Rates effective from 30th March 2017

Minimum investment
Gross p.a.%
Close

The Gross rate is the contractual rate of interest payable before deduction of income tax at the rate specified by law.

AER%
Close

The Annual Equivalent Rate (AER) is a notional rate which illustrates what the gross interest rate would be if interest was paid and added to the account annually.

£1,000+ 1.85 1.85
  • Interest rates are fixed for five years
  • Interest is calculated daily and is paid annually on 31st December and on the maturity date

Regular Saver (Issue 5)Find out more

Rates effective from 1st October 2016

Minimum investment
Gross p.a.%
Close

The Gross rate is the contractual rate of interest payable before deduction of income tax at the rate specified by law.

AER%
Close

The Annual Equivalent Rate (AER) is a notional rate which illustrates what the gross interest rate would be if interest was paid and added to the account annually.

£100+ 2.00 2.00
  • Interest rates are fixed for one year
  • Interest is calculated daily and is paid annually on 31st December and on the maturity date

Savings for children

First AccountFind out more

Rates effective from 2nd September 2016

Minimum investment
Gross p.a.%
Close

The Gross rate is the contractual rate of interest payable before deduction of income tax at the rate specified by law.

AER%
Close

The Annual Equivalent Rate (AER) is a notional rate which illustrates what the gross interest rate would be if interest was paid and added to the account annually.

£1+ 1.30 1.30

Previous rates effective from 3rd April 2009 to 1st September 2016

Minimum investment
Gross p.a.%
Close

The Gross rate is the contractual rate of interest payable before deduction of income tax at the rate specified by law.

AER%
Close

The Annual Equivalent Rate (AER) is a notional rate which illustrates what the gross interest rate would be if interest was paid and added to the account annually.

£1+ 1.70 1.70
  • Interest rates are variable
  • Interest paid annually on 31st December
  • Interest rates are variable
  • Interest paid annually on 31st December

3 Year Children's Fixed Rate Bond (Issue 1)Find out more

Rates effective from 28th June 2016

Minimum investment
Gross p.a.%
Close

The Gross rate is the contractual rate of interest payable before deduction of income tax at the rate specified by law.

AER%
Close

The Annual Equivalent Rate (AER) is a notional rate which illustrates what the gross interest rate would be if interest was paid and added to the account annually.

£1,000+ 2.00 2.00
  • Interest rates are fixed
  • Interest is calculated daily and is paid annually on 31st December and on the maturity date

 


Business Accounts

Easy Access Business Saver (Issue 2)Find out more

Rates effective from 2nd September 2016

Minimum investment
Gross p.a.%
Close

The Gross rate is the contractual rate of interest payable before deduction of income tax at the rate specified by law.

AER%
Close

The Annual Equivalent Rate (AER) is a notional rate which illustrates what the gross interest rate would be if interest was paid and added to the account annually.

£1,000+ 0.15 0.15

Previous rates effective from 3rd January 2013 to 1st September 2016

Minimum investment
Gross p.a.%
Close

The Gross rate is the contractual rate of interest payable before deduction of income tax at the rate specified by law.

AER%
Close

The Annual Equivalent Rate (AER) is a notional rate which illustrates what the gross interest rate would be if interest was paid and added to the account annually.

£1,000+ 0.50 0.50
  • Interest rates are variable
  • Interest paid annually on 31st December
  • Interest rates are variable
  • Interest paid annually on 31st December

Notice Business Saver (Issue 4) Find out more

Rates effective from 26th April 2017

Minimum investment
Gross p.a.%
Close

The Gross rate is the contractual rate of interest payable before deduction of income tax at the rate specified by law.

AER%
Close

The Annual Equivalent Rate (AER) is a notional rate which illustrates what the gross interest rate would be if interest was paid and added to the account annually.

£10,000+ 1.00 1.00
  • Interest rates are variable
  • Interest is paid annually on 31st December

Council Accounts

Easy Access Council Saver (Issue 2)Find out more

Rates effective from 2nd September 2016

Minimum investment
Gross p.a.%
Close

The Gross rate is the contractual rate of interest payable before deduction of income tax at the rate specified by law.

AER%
Close

The Annual Equivalent Rate (AER) is a notional rate which illustrates what the gross interest rate would be if interest was paid and added to the account annually.

£1,000+ 0.15 0.15

Previous rates effective from 3rd January 2013 to 1st September 2016

Minimum investment
Gross p.a.%
Close

The Gross rate is the contractual rate of interest payable before deduction of income tax at the rate specified by law.

AER%
Close

The Annual Equivalent Rate (AER) is a notional rate which illustrates what the gross interest rate would be if interest was paid and added to the account annually.

£1,000+ 0.50 0.50
  • Interest rates are variable
  • Interest paid annually on 31st December
  • Interest rates are variable
  • Interest paid annually on 31st December

The Gross rate is the contractual rate of interest payable before deduction of income tax at the rate specified by law.

The Annual Equivalent Rate (AER) is a notional rate which illustrates what the gross interest rate would be if interest was paid and added to the account annually. AERs on an account which pays monthly interest assumes interest is added to the account at the end of each month during the year. In practice, the option to have interest added in this way is not available on our monthly interest accounts.

The Tax-free rate is the contractual rate of interest payable where interest is exempt from income tax.

When interest rates change we'll advertise the new rates, within three working days of the change, in at least two local newspapers (usually Cambridge News and their 'News' Series), by placing notices in our branches and on our website.

When interest rates reduce, and the change is material, we will personally tell you about it at least 14 days before we make the change. Please refer to the ‘Terms and Conditions for Savers' for a more detailed explanation.

Terms and Conditions for Savers

We calculate interest on the balance of your account at the end of each day. You earn interest from the day you pay funds into your account until the day before you withdraw your funds.

Tax treatment and rate of interest payable will depend on individual circumstances and may change in the future.

Personal Accounts
Interest will be paid at the gross rate with no tax deducted.

Business Accounts
Interest will be paid at the gross rate. The receipt of interest gross by a company will not prevent that interest from being liable to corporation tax. For information regarding tax or how to make a self-assessment tax return, please contact HMRC. Unfortunately we are unable to help you with this.

Tax treatment and rate of interest payable may change in the future.

Council Accounts 
Interest will be paid at the gross rate with no tax deducted.