Access Savings

Paying interest on the tax earned depends upon the type of account you have and your Personal Savings Allowance.

For general savings, basic rate tax payers won’t pay tax on the first £1,000 of interest they earn. The allowance is £500 for higher rate tax payers, and additional rate taxpayers won’t receive an allowance. With a Cash ISA you can save tax-free up to your annual ISA allowance, currently £20,000. The tax year runs from 6 April to 5 April the following year.

Find out more about Personal Savings Allowance.

Easy Access accounts are really simple – you don’t need to give notice before you make a withdrawal, and you can add money to your account at any time. You can open an Easy Access account with us online or in Store.

You can open a Limited Access account with us from as little as £1, and pay money in anytime.

You can also take money out, although the number of times you can do this is restricted. But at the start of every new calendar year, your withdrawal count is re-set to zero.

Most of our access accounts pay a variable rate of interest, which means that the interest rate on your account can go up as well as down.

We may increase your rate without telling you first so that you get the higher rate more quickly, but we'll be sure to tell you about it as soon as possible.

If you have a payment account and your rate is decreasing, we'll get in touch two months' beforehand to let you know, you can close or transfer your account anytime, without charge.

If you have a non-payment account we'll get in touch at least 14 days' beforehand to let you know, you can close or transfer your account within 30 days of us letting you know without charge.