Variable Rate Accounts

Our variable rate accounts offer competitive rates of interest. Access to your money is subject to the withdrawal restrictions set out below.

In the event that the balance falls below the minimum operating balance as stated within the relevant product details below, the basic savings rate of interest, which is currently 0.05% Gross p.a/ AER (variable) for non-ISA accounts and 0.05% Tax-Free§ p.a. / AER (variable) for Cash ISA accounts, shall apply. The Cash ISA accounts are not Flexible Cash ISAs meaning any amount withdrawn cannot be replaced and will count towards your yearly ISA limit.

 

  • Limited Issue Online Access Cash ISA (Issue 15)

    Interest Rate:

    1.30% Tax-free§ p.a./AER variable

    Maturity date of 03 January 2021

    • Interest paid: On maturity (03 January 2021).
    • Minimum investment & operating balance: £1,000.
    • Maximum investment: The maximum you can invest in the 2019/2020 tax year is £20,000 (less any amount invested in a Stocks and Shares ISA, Innovative Finance ISA and/or Lifetime ISA in the same tax year). You must not exceed the ISA limits in any one tax year.
    • Withdrawals: Unlimited withdrawals can be made to your Nominated Accounts (as defined in the General Conditions) without notice or loss of interest, subject to the minimum balance of £1,000 being maintained.
    • Important information about our Limited Issue Online Access ISA (Issue 15):

      When money is paid into your account, provided the payment is received by us between 7am and 7pm, you will be able to withdraw the funds that day.

      Withdrawals to your Nominated Accounts made before 8pm on a working day will be made available to the payee the next working day.

      The Society’s online savings service will be unavailable each day for 1 hour between 12 midnight and 1am while our systems update.

    Once opened, you can deposit 2019/2020 funds or transfer in previous ISA funds’ (including 2019/2020 ISA funds deposited with another provider as long as these are not from an Innovative Finance ISA). The account may be closed for further deposits at any time. This will be done on a minimum of 30 days’ written notice, after which you will not be able to deposit further funds.

    Full details
  • Smart Saver

    For balances between £5,000 and £24,999.99:

    0.90% Gross p.a./AER(variable)

    For balances between £25,000 and £49,999.99:

    1.00% Gross p.a./AER(variable)

    For balances between £50,000 and £250,000:

    1.10% Gross p.a./AER(variable)

    The maximum balance is £250,000 (joint accounts also) including accrued interest. If the balance exceeds £250,000 the interest rate that shall apply to the whole balance will be 0.50% Grossp.a/AER (variable).

    • Interest paid: Annually on 30 September
    • Minimum operating balance: £5,000
    • Maximum balance: £250,000 (also for joint accounts)
    • Withdrawals: Access is limited to 5 withdrawals per calendar year (including account closure) without notice or loss of interest, subject to the minimum balance of £5,000 being maintained. If you exceed this number of withdrawals, the account will be subject to 30 days' loss of interest or an equivalent amount on the amount withdrawn.

    This account may be closed to further deposits upon a minimum of 30 days’ written notice after which you will not be able to invest further funds.

    Full details
  • E-ISA

    Interest rate:

    0.35% Tax-free§ p.a./AER variable

    • Interest paid: calculated daily and paid annually on 31 October.
    • Minimum operating balance: £1
    • Maximum balance: Deposit up to £20,000 in the 2019/2020 tax year (less any amount invested in a Stocks and Shares ISA, Innovative Finance ISA and/or Lifetime ISA in the same tax year). You must not exceed the ISA limits in any one tax year.
    • Withdrawals: Unlimited withdrawals can be made to your Nominated Accounts (as defined in the General Conditions) without notice or loss of interest, subject to the minimum balance of £1 being maintained.

      Important information about our E-ISA:

      Withdrawals to your Nominated Accounts (as defined in the General Conditions) made before 8pm on a working day will be made available to the payee the next working day.

      When money is paid into your account, provided the payment is received by us between 7am and 7pm, you will be able to withdraw the funds that day.

      The Society's online savings service will be unavailable each day for 1 hour between 12 midnight and 1am while our systems update.

    Once opened, you can deposit 2019/2020 funds or transfer in previous ISA funds’ (including 2019/2020 ISA funds deposited with another provider as long as these are not from an Innovative Finance ISA). The account may be closed for further deposits at any time. This will be done on a minimum of 30 days’ written notice, after which you will not be able to deposit further funds.

    Full details
  • E-Saver

    Interest rate:

    0.35% Gross p.a./AER variable

    • Interest paid: Annually on 31 October
    • Minimum operating balance: £100
    • Maximum balance: £1,000,000 (£2,000,000 for joint accounts) plus accrued interest to the account
    • Withdrawals: Unlimited withdrawals can be made to your Nominated Accounts (as defined in the General Conditions) subject to the minimum balance of £100 being maintained. Cash and cheque transactions are not permitted (except for your initial deposit, which may be made by cheque).

    The account may be closed for further deposits upon a minimum of 30 days written notice after which you will not be able to deposit further funds.

    Full details
  • Access Saver

    Interest Rate:

    0.25% Gross p.a./AER variable

    • Interest paid: Annually on 31 May
    • Minimum operating balance: £1
    • Maximum balance: £1,000,000 (£2,000,000 for joint accounts) plus accrued interest to the account
    • Withdrawals: Unlimited subject to the minimum balance of £1 being maintained

    This account may be closed for further deposits upon a minimum of 30 days' written notice after which you will not be able to invest further funds.

    Full details
  • ISA Saver

    Interest rate:

    0.25% Tax-free§ p.a./AER variable

    • Interest paid: Annually on 5 April
    • Minimum operating balance: £1.
    • Maximum balance: Deposit up to £20,000 in the 2019/2020 tax year (less any amount you have already subscribed in a Stocks and Shares ISA, Innovative Finance ISA and/or Lifetime ISA in the same tax year).
    • Withdrawals: Unlimited withdrawals can be made, without notice or loss of interest.

    Once opened, you can deposit 2019/2020 funds or transfer in previous ISA funds’ (including 2019/2020 ISA funds deposited with another provider as long as these are not from an Innovative Finance ISA). The account may be closed for further deposits at any time. This will be done on a minimum of 30 days’ written notice, after which you will not be able to deposit further funds.

    Full details
  • Double Access Cash ISA

    Interest rate:

    1.30% Tax-free§ p.a./AER (variable)

    • Interest paid: calculated daily and paid annually on 31 March
    • Minimum operating balance: £5,000.
    • Maximum balance: Deposit up to £20,000 in the 2019/2020 tax year (less any amount you have already subscribed in a Stocks and Shares ISA, Innovative Finance ISA and/or Lifetime ISA in the same tax year).
    • Withdrawals: Access is limited to 2 withdrawals per calendar year without notice or loss of interest, subject to the minimum balance of £5,000 being maintained. If you exceed this number of withdrawals (including closure of the account), the account will be subject to 30 days’ loss of interest on an equivalent amount to that withdrawn/transferred.

    The account can only be opened through one of our branches. You will be able to carry out some operations by telephone and online, where you have registered for online services. Once opened, you can deposit 2019/2020 funds or transfer in previous ISA funds’ (including 2019/2020 ISA funds deposited with another provider as long as these are not from an Innovative Finance ISA). The account may be closed for further deposits at any time. This will be done on a minimum of 30 days’ written notice, after which you will not be able to deposit further funds.

    Full details
  • Blue & Amber (Issue 2)

    Interest Rate:

    0.25% Gross p.a./AER variable

    • Interest paid: Annually on 31 October
    • Minimum operating balance: £1
    • Maximum operating balance: £1,000,000 (£2,000,000 for joint accounts) plus accrued interest credited to the account
    • Withdrawals: Unlimited withdrawals, subject to maintaining the minimum operating balance of £1

    This account may be closed for further deposits upon a minimum of 30 days’ written notice.

    Full details