Growth Saver
Exclusively for existing savings customers
A high rate feels good
- Open an account today and get a high rate of 2.50% equivalent AER* variable (2.47% gross p.a. variable) for 3 months. Minimum opening balance £50,000.
- After 3 months the interest rate will revert to the Growth Saver variable rate, currently 1.00% AER (1.00% gross p.a.* variable)
- If your savings fall below £50,000 your interest rate will be 0.40% AER variable (0.40% gross p.a* variable)
- Interest calculated daily and paid monthly
Great service
- Open an account online or over the phone
- Award winning UK call centres
- Simple and straightforward account opening process
Safe and secure
- Millions of customers worldwide
- Someone new joins us every 20 seconds
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Summary of information table
| Account Name | Growth Saver | |||
| Interest rates (AERs) |
Available to existing savings customers only with a minimum
opening balance of £50,000 Balances of £50,000 or more 2.50% equivalent AER* variable. (2.47% gross p.a variable) for 3 months from account opening. After 3 months the interest rate will revert to the Growth Saver variable rate currently 1.00% AER (1.00% gross p.a.* variable) Balance under £50,000 0.40% AER variable, 0.40% gross p.a.* |
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| Tax Status | Interest is paid net unless a customer registers that they are entitled to receive gross interest | |||
| Conditions for bonus payment: |
No bonus payable | |||
| Withdrawal arrangements | No notice required | |||
| Access | Web and telephone |
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*AER means Annual Equivalent Rate and illustrates what the interest rate would be if interest was paid at the stated rate for 12 months and compounded once each year. Gross per annum is the annualised rate before deduction of tax at standard rate.