Special Interest Deposit Account - Overview
Get into a healthy savings habit with an instant access regular savings account.
Our Special Interest Deposit Account enables you to save today for your tomorrow. So, whatever your savings goals - your child's education, a deposit for a home, holiday or just a rainy day – this could be the account for you.
- Save regularly - set up a standing order from £1 per month to a maximum of £1,000 every month.
- Easy access – access your funds whenever you need to with no penalties*.
- Flexibility - you can change the amount you save without incurring any penalties or charges.
- Keep track of your savings – manage your account 24/7 with Anytime Banking*
- Minimum balance - £1.
- Maximum balance - £100,000.
- Annual interest - calculated daily and credited to the account in October.
You can open the account online in less than 10 minutes.
Even less if you’re registered for Anytime Banking as we’ll
pre-fill part of the application for you.
£300 saved per month leads to £58.50 interest at the anniversary of the first deposit.
*You are required to register for Anytime Banking to be able to access your funds and manage your account online or over the telephone. If you do not register for Anytime Banking you can manage your account through the branch network. Transfers to an account at other UK banks or building societies, either online or over the phone, are subject to a daily limit of £10,000. If you wish to transfer more than this amount please contact Anytime Banking on 0845424365† to discuss the options available to you.
Gross is the interest rate paid before the deduction of tax.
Annual Equivalent Rate (AER) illustrates what the interest rate would be if paid and compounded each year.
Anyone aged 18 or over and resident in the United Kingdom can open a Special Interest Deposit account. Terms and Conditions apply. You can make a sole or joint application online.
†In order to maintain the highest levels of service, we may record and monitor telephone calls.
