Reward ISA
Interest rates for our Reward ISA account
Current interest rates
The following higher interest rate is paid when no withdrawals have been made out of the Reward ISA since the account was opened, in the case of the first month, or since interest was last paid into the account.
Rates effective from |
Balance |
Tax-free per year % |
AER % |
---|---|---|---|
13th November 2024 |
£1+ |
2.72 |
2.75 |
-
Rates effective from
-
13th November 2024
-
Balance
-
£1+
-
Tax-free per year %
-
2.72
-
AER %
-
2.75
The following lower interest rate is paid when withdrawals have been made out of the Reward ISA since the account was opened, in the case of the first month, or since interest was last paid into the account.
Balance |
Tax-free per year % |
AER% |
---|---|---|
£1+ |
0.85 |
0.85 |
-
Balance
-
£1+
-
Tax-free per year %
-
0.85
-
AER%
-
0.85
Further information
Transfers-in |
Yes, Transfers-In from other ISAs are permitted. |
---|---|
Top up |
Yes. Funds withdrawn from your Reward Cash ISA can also be replaced in the same tax year without counting towards your annual ISA allowance. The tax year runs from 6 April to 5 April the following year. |
Mortgage offset |
Yes. Remember, if you offset your savings account against your mortgage, you won't earn any interest on your account. |
Tax-free |
Interest is exempt from Income Tax provided all ISA conditions are met. The level and basis of tax can change and the value of tax relief depends on your personal circumstances. |
AER |
Annual Equivalent Rate. This illustrates what the interest rate would be if interest was paid and compounded once each year. |
Interest rate |
Rates are variable. Interest is calculated daily using your statement balance and is paid on the first working day of each month. |
-
Transfers-in
-
Top up
-
Yes, Transfers-In from other ISAs are permitted.
-
Yes. Funds withdrawn from your Reward Cash ISA can also be replaced in the same tax year without counting towards your annual ISA allowance. The tax year runs from 6 April to 5 April the following year.
-
Transfers-in
-
Mortgage offset
-
Yes, Transfers-In from other ISAs are permitted.
-
Yes. Remember, if you offset your savings account against your mortgage, you won't earn any interest on your account.
-
Transfers-in
-
Tax-free
-
Yes, Transfers-In from other ISAs are permitted.
-
Interest is exempt from Income Tax provided all ISA conditions are met. The level and basis of tax can change and the value of tax relief depends on your personal circumstances.
-
Transfers-in
-
AER
-
Yes, Transfers-In from other ISAs are permitted.
-
Annual Equivalent Rate. This illustrates what the interest rate would be if interest was paid and compounded once each year.
-
Transfers-in
-
Interest rate
-
Yes, Transfers-In from other ISAs are permitted.
-
Rates are variable. Interest is calculated daily using your statement balance and is paid on the first working day of each month.
For additional information, download our Reward ISA terms and conditions [PDF, 108KB]. They are in addition to the general conditions of your Customer Agreement with us.
Read important information about our interest rates, the Financial Services Compensation Scheme, and your cancellation rights.