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Interest rates

Please see the product special conditions and our savings terms and conditions for full details. 

Current and closed interest rates 

To see interest rates, including any bonus rates, please view the documents below. 

Interest and tax 

  • All interest is paid before tax. 
  • Depending on your Personal Savings Allowance, you may need to pay tax on the savings interest you earn. 
  • You need to check this and tell HMRC or other tax authorities if needed. 
  • Please see GOV.UK for details of tax thresholds and any steps you may need to take. 
  • We may remove tax from the rate of interest if required by law. 
  • If you pay tax outside the UK, or as well as in the UK, we may need to share details of your account. We will only share this with overseas tax authorities if the law says we must. 

Personal Savings Allowance 

This means you do not pay tax on the first £1,000 of savings interest if you pay basic rate tax, or £500 if you pay higher rate tax. This does not apply to additional rate taxpayers. 

Because of this, tax is not taken off interest automatically. 

You can find more information on GOV.UK

HM REVENUE AND CUSTOMS PRACTICE AND THE LAW RELATING TO TAXATION ARE COMPLEX AND SUBJECT TO INDIVIDUAL CIRCUMSTANCES AND CHANGES WHICH CANNOT BE FORESEEN.