This account can be withdrawn at any time.
We use your data in line with our Privacy Policy, which includes the potential consequences of third parties using your data.
Perfect if you...
- Want immediate access to your savings
- Want to manage your account online
- Want to withdraw your funds as and when you need to
Just remember...
- You will need a minimum deposit of £1
- You must be a UK resident aged 16 or over
- You must provide a valid email address and mobile number
Summary box
Online Saver (Issue 2)
The interest rate paid on the account will be paid as below:
| Minimum balance | Interest | Gross p.a./AER* |
| £1.00 to £49,999.99 | Annually or Monthly | 3.80% or 3.74%/3.80% |
| £50,000.00 to £99,999.99 | Annually or Monthly | 4.05% or 3.98%/4.05% |
| £100,000.00 to £2,000,000.00 | Annually or Monthly | 4.15% or 4.07%/4.15% |
Rate effective from 23 September 2026.
Interest is paid on a tiered basis which means you’ll earn one rate on your entire account balance.
Annual interest is calculated each day on the available money in your account and is paid on 31 December every year.
Monthly interest is calculated each day on the available money in your account and is paid on the last day every month.
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.
Annual Income
| Balance | Gross p.a./AER* | Balance at 12 months |
| £1,000.00 | 3.80% | £1,038.00 |
| £75,000.00 | 4.05% | £78,037.50 |
| £500,000.00 | 4.15% | £520,750.00 |
Monthly Income
Projection based on monthly interest being paid into your account
| Balance | Gross p.a./AER* | Balance at 12 months |
| £1,000.00 | 3.74%/3.80% | £1,038.05 |
| £75,000.00 | 3.98%/4.05% | £78,040.05 |
| £500,000.00 | 4.07%/4.15% | £520,733.91 |
Projection of average monthly interest if being paid away to your nominated bank account or another account with us
| Balance | Gross p.a./AER* | Monthly interest payment |
| £5,000.00 | 3.74%/3.80% | £3.07 |
| £75,000.00 | 3.98%/4.05% | £245.34 |
| £500,000.00 | 4.07%/4.15% | £1,672.60 |
Your projected balance will be equal to the deposited amount in 12 months if your interest is paid away each month.
- You must be 16 or over and a UK resident to have this account.
- You can 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 balance of £1.00 in your account to get the interest rate.
- The maximum amount you can pay into this account is £2,000,000.00.
- You're only allowed to pay money in electronically.
- You'll need to provide details of your nominated bank account. This will be a current account in your name. When you want to take your money out, we'll send it to this current account.
- You can manage the account online, on the mobile app.
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 added to the balance 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.
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