Interest rates
Here you can find details of the latest interest rates for all Heritable Savings accounts.
Our interest rates explained:
AER stands for annual equivalent rate and illustrates the interest rate if it was paid and compounded once each year.
Gross pa is the annualised rate before deduction of tax at basic rate (currently 20%) where applicable.
Base Rate means Bank of England Repo rate, currently 5.00%
Savings interest rates effective from 3 September 2008.
Fixed Rate Bonds
| Term | Balance | Interest Payment | Gross pa* | AER* |
|---|
| 1 Year | £1,000+ | Maturity | 6.85% | 6.85% |
| 1 Year | £5,000+ | Monthly | 6.64% | 6.85% |
| 2 Years | £1,000+ | Annually | 6.80% | 6.80% |
| 2 Years | £5,000+ | Monthly | 6.60% | 6.80% |
| 3 Years | £1,000+ | Annually | 6.80% | 6.80% |
| 3 Years | £5,000+ | Monthly | 6.60% | 6.80% |
| 4 Years | £1,000+ | Annually | 6.00% | 6.00% |
| 4 Years | £5,000+ | Monthly | 5.84% | 6.00% |
| 5 Years | £1,000+ | Annually | 6.00% | 6.00% |
| 5 Years | £5,000+ | Monthly | 5.84% | 6.00% |
60 Day Notice Account (Issue 2**)
| Deposited | Interest Payment | Gross pa | AER |
|---|
| £1,000+ | Annually | 6.60% | 6.60% |
** Interest rate includes a 12 month 0.60% gross pa bonus payable from the date of account opening.
90 Day Notice Account (Issue 7)
| Deposited | Interest Payment | Gross pa | AER |
|---|
| £1,000+ | Annually | 6.26% | 6.26% |
Direct Saver (Issue 1)
| Deposited | Interest Payment | Gross pa | AER |
|---|
| £1,000+ | Annually | 6.21% | 6.21% |
| £5,000+ | Monthly | 6.04% | 6.21% |
50+ Saver (Issue 1)
| Deposited | Interest Payment | Gross pa | AER |
|---|
| £1,000+ | Annually | 6.31% | 6.31% |
| £5,000+ | Monthly | 6.13% | 6.31% |
Online Saver (Issue 1)***
| Deposited | Interest Payment | Gross pa | AER |
|---|
| £500+ |
Annually |
6.51% |
6.51% |
| £500+ |
Monthly |
6.32% |
6.51% |
*** Interest rate includes a 12 month 0.61% gross pa bonus payable from the date of account opening.
