From the 16 June 2025, we'll be reducing our M Saver, M Plus Saver, Club M Saver and M Power Saver rates.
Rates until 15 June 2025
| Balance | Gross (% p.a.) | AER (% p.a.) |
|---|
| Balances up to and including £25,000 | 2.48% | 2.50% |
|---|
| Balances over £25,000 | 1.99% | 2.00% |
|---|
| Initial deposit at account opening | Balance after 12 months |
|---|
| £1,000 | £1,025.04 |
|---|
| £25,000 | £25,624.64 |
|---|
| £50,000 | £51,125.87 |
|---|
New rate from 16 June 2025
| Balance | Gross (% p.a.) | AER (% p.a.) |
|---|
| Balances up to and including £25,000 | 2.23% | 2.25% |
|---|
| Balances over £25,000 | 1.74% | 1.75% |
|---|
| Initial deposit at account opening | Balance after 12 months |
|---|
| £1,000 | £1,022.50 |
|---|
| £25,000 | £25,561.18 |
|---|
| £50,000 | £50,999.01 |
|---|
AER (Annual Equivalent Rate). The Annual Equivalent Rate shows what the interest rate would be if it was paid and compounded once each year. Gross rate interest is the interest payable without taking account of any tax payable. Interest is calculated daily and paid on the last working day in March, June, September and December.