Easy Access Savings Accounts
An easy access account is the choice for the general saver who requires the flexibility of penalty-free instant access to their savings.
Accounts Available
Summary of Easy Access Savings Accounts Rates
All Interest rates are variable unless otherwise stated
|
7 Day Saver Issue 1 Savings Account |
|
Investment Amount |
Investment Amount |
Gross (%) |
AER (%) |
Net (%) |
|
£5,000 to £500,000 |
With Bonus (until 31 December 2008) |
6.15 |
5.95 |
4.92 |
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Without Bonus (Variable account rate) |
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Rates effective from 1st May 2008
|
Premium Reward Issue 2 Savings Account |
|
Min Investment Amount |
Investment Amount |
Gross (%) |
AER (%) |
Net (%) |
|
£5,000 |
£200,000 to £350,000 |
5.35 |
5.35 |
4.28 |
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£25,000 to £49,999 |
5.10 |
5.10 |
4.08 |
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4.00 |
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| Rates effective from 1st May 2008 |
|
Branch Reserve Savings Account |
|
Min Investment Amount |
Investment Amount
(annual interest) |
Gross (%) |
AER (%) |
Net (%) |
|
£3,000 |
£3,000 to £50,000 |
4.70 |
4.70 |
3.76 |
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Rates effective from 1st March 2008
|
Direct Premium Savings Account |
|
Min Investment Amount |
Investment Amount |
Gross (%) |
AER (%) |
Net (%) |
|
£5,000 |
£50,000 plus |
4.50 |
4.50 |
3.60 |
|
|
£25,000 to £49,999 |
4.40 |
4.40 |
3.52 |
|
|
£5,000 to £24,999 |
4.20 |
4.20 |
3.36 |
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Direct Easy Access Savings Account |
|
Min Investment Amount |
Investment Amount |
Gross (%) |
AER (%) |
Net (%) |
|
£2,000 |
£50,000 plus |
3.75 |
3.75 |
3.00 |
|
|
£25,000 to £49,999 |
3.30 |
3.30 |
2.64 |
|
|
£10,000 to £24,999 |
3.05 |
3.05 |
2.44 |
|
|
£5,000 to £9,999 |
2.80 |
2.80 |
2.24 |
|
|
£2,000 to £4,999 |
2.65 |
2.65 |
2.12 |
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Branch Instant Savings Account |
|
Min Investment Amount |
Investment Amount |
Gross (%) |
AER (%) |
Net (%) |
|
£100 |
£100 plus |
2.90 |
2.90 |
2.32 |
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|
Classic Gold Savings Account |
|
Min Investment Amount |
Investment Amount
(annual interest) |
Gross (%) |
AER (%) |
Net (%) |
|
£5 |
£50,000 plus |
2.05 |
2.05 |
1.64 |
|
|
£25,000 to £49,999 |
1.95 |
1.95 |
1.56 |
|
|
£10,000 to £24,999 |
1.80 |
1.80 |
1.44 |
|
|
£5,000 to £9,999 |
1.75 |
1.75 |
1.40 |
|
|
£500 to £4,999 |
1.70 |
1.70 |
1.36 |
|
|
£5 to £499 |
1.60 |
1.60 |
1.28 |
|
Min Investment Amount |
Investment Amount (monthly interest) |
Gross (%) |
AER (%) |
Net (%) |
|
£5,000 |
£50,000 plus |
2.28 |
2.30 |
1.82 |
|
|
£25,000 to £49,999 |
2.18 |
2.20 |
1.74 |
|
|
£10,000 to £24,999 |
2.03 |
2.05 |
1.62 |
|
|
£5,000 to £9,999 |
1.98 |
2.00 |
1.48 |
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Rates effective from 1st May 2008
Net rates assume the lower rate of income tax of 20%. These figures are rounded and are for illustrative purposes only.
AER stands for Annual Equivalent Rate and illustrates what the interest rate would be if the interest was paid and compounded each year.
GROSS: The gross contractual rate of interest before the deduction of tax at the appropriate rate specified by law. Interest will be paid gross to non-taxpayers subject to the required HM Revenue & Customs certification (R85).