Our Everyday Saver (Issue 2) account is an instant access account with a tiered rate of interest.
This account can be withdrawn at any time.
Perfect if you...
- Want immediate access to your funds
- Want to deposit and withdraw your funds as and when you need to
- Want to manage the account online, on the mobile app, in branch, by post, by phone, on webchat.
Just remember...
- You must have a minimum opening deposit of £1
- Want online access? You must provide a valid email address and mobile number
Summary box
Everyday Saver (Issue 2)
The interest rate paid on the account will be paid as below:
| Balance Tier | Interest | Gross p.a./AER* |
| £1.00 to £999.99 | Annually | 1.50% |
| £1,000.00 to £24,999.99 | Annually | 2.50% |
| £25,000.00 to £2,000,000.00 | Annually | 3.45% |
Rate effective from 22 April 2026.
Interest is paid on a tiered basis which means you’ll earn one rate on your entire account balance. Interest is calculated each day on the available money in your account and is paid on 31 December every year.
The interest rate for this account is variable. This means we can change it at any time. You can find full details in our Savings Terms and Conditions.
If your account falls below the minimum balance, the interest rate we'll pay you will reduce to 0.05% Gross p.a/AER variable*.
This is based on no further money being paid in or taken out of the account and no change to the interest rate.
| Balance | Gross p.a./AER* | Balance after 12 months |
| £100.00 | 1.50% | £101.50 |
| £1000.00 | 2.50% | £1,025.00 |
| £100,000.00 | 3.45% | £103,450.00 |
- You must be 16 or over and a UK resident to have this account.
- You can open the account online, in branch, by post. If you choose to open your account online, we'll need your email address and mobile phone number.
- You need to pay money into your account within 30 days of opening it. If you don't, we'll close the account.
- You'll need to keep a minimum of £1.00 in your account to get the interest rate.
- The overall maximum that can be held in this account is £2,000,000.00.
- You can manage the account online, on the mobile app, in branch, by post, by phone, on webchat.
Yes, you can take money out of this account anytime, in line with our daily withdrawal limits. This means you can also close your account anytime.
Our Savings Promises provide you with additional peace of mind, including penalty-free access to your money if your life circumstances significantly change (e.g. serious illness, redundancy, etc). For more information please click here or ask us.
If the total amount of interest you earn is more than your tax-free Personal Savings Allowance, you may have to pay tax to HM Revenue & Customs (HMRC). For more information visit gov.uk.
* Interest Rate definitions: Gross is the interest rate without the tax deducted. AER stands for the Annual Equivalent Rate and illustrates what the interest rate would be if the interest was paid and compounded once each year.
New fraud rules from 7 October 2024 mean that with this product, you're eligibility to claim for fraud has changed. For more information please click here.
If we delegate any of our functions or responsibilities under this agreement to someone else, we will satisfy ourselves that the person or organisation we delegate to will be competent to carry out those functions and responsibilities.
* The gross rate is the rate before deducting tax at the rate applicable to savings income. The annual equivalent rate (AER) is a notional rate which illustrates what the gross interest rate would be if the interest was paid and added to the account annually.
Useful documents
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