Reward Saver rates

Interest rates for our Reward Saver account 

SAVINGS

Here you’ll find account information, plus current 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 Saver since the account was opened, in the case of the first month, or since interest was last paid into the account.

Current Interest Rates

Rates effective from

Balance

Gross rate per year %

AER %

17 March 2025 

£1+

2.38

2.41

Rates effective from

17 March 2025 

Balance

£1+

Gross rate per year %

2.38

AER %

2.41

The following lower interest rate is paid when withdrawals have been made out of the Reward Saver since the account was opened, in the case of the first month, or since interest was last paid into the account.

Previous Interest Rates

Balance

Gross rate per year %

AER%

£1+

0.66

0.66

Balance

£1+

Gross rate per year %

0.66

AER%

0.66

Previous interest rates

The following higher interest rate is paid when no withdrawals have been made out of the Reward Saver since the account was opened, in the case of the first month, or since interest was last paid into the account.

Previous Interest Rates

Rates effective from

Balance

Gross rate per year %

AER %

6 January 2025 to 16 March 2025

£1+

2.48

2.51

2 December 2024 to 5 January 2025

£1+

2.72

2.75

18 March 2024 to 1 December 2024

£1+

2.72

2.75

The following lower interest rate is paid when withdrawals have been made out of the Reward Saver 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

Gross rate per year %

AER%

6 January 2025 to 16 March 2025

£1+

0.76

0.76

2 December 2024 to 5 January 2025

£1+

0.85

0.85

18 March 2024 to 1 December 2024

£1+

1.00

1.00

Further information

Further information

Mortgage offset

Yes. Remember, if you offset your savings account against your mortgage, you won’t earn any interest on your savings account.

Interest rate

Rates are variable. Interest is calculated daily using your statement balance and is paid on the first working day of each month.

Gross

The rate of interest payable without tax taken off.

Tax

Interest is paid gross. If you’re a UK taxpayer, you may have to pay tax on interest earned in excess of your Personal Savings Allowance.

For further information and guidance, please refer to HMRC’s website

Please note, it’s your responsibility to ensure that any tax due on interest payments received is paid to the appropriate tax authority.

AER

Annual Equivalent Rate. This illustrates what the interest rate would be if interest was paid and compounded once each year.

Mortgage offset

Interest rate

Yes. Remember, if you offset your savings account against your mortgage, you won’t earn any interest on your savings account.

Rates are variable. Interest is calculated daily using your statement balance and is paid on the first working day of each month.

Mortgage offset

Gross

Yes. Remember, if you offset your savings account against your mortgage, you won’t earn any interest on your savings account.

The rate of interest payable without tax taken off.

Mortgage offset

Tax

Yes. Remember, if you offset your savings account against your mortgage, you won’t earn any interest on your savings account.

Interest is paid gross. If you’re a UK taxpayer, you may have to pay tax on interest earned in excess of your Personal Savings Allowance.

For further information and guidance, please refer to HMRC’s website

Please note, it’s your responsibility to ensure that any tax due on interest payments received is paid to the appropriate tax authority.

Mortgage offset

AER

Yes. Remember, if you offset your savings account against your mortgage, you won’t earn any interest on your savings account.

Annual Equivalent Rate. This illustrates what the interest rate would be if interest was paid and compounded once each year.

For additional information, download our Reward Saver 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.