the Online Saver
Our Online Saver (5) is an easy access savings account so you can access your money should you need to.
- 1.60% AER*/gross p.a. (variable)
- Invest between £1 and £250,000
- Monthly or annual interest
- View balance and transactions online 24/7
- 4 penalty-free withdrawals a year
- Further withdrawals are subject to a charge equal to 50 days' interest on the amount withdrawn
- The balance above £250,000 will earn a variable rate, currently 0.50% AER/gross p.a.*(for annual and monthly interest). This lower rate also applies where interest is paid and credited to your account, and in doing so, your balance exceeds the maximum balance of £250,000.
- If you have ever opened an Online Saver (2), (3), or (4), you are not permitted to open an Online Saver (5). You may only ever open one Online Saver (5), either solely or jointly. However many issues of the Online Saver account there may be, you cannot open more than one.
*AER stands for Annual Equivalent Rate and illustrates what the interest rate would be if interest was paid and added each year. The gross rate is the interest rate payable before the deduction of tax.
If you're a new customer or not currently registered for Online Services
If you already use Online Services, we'll usually open your account straightaway