Current Savings Rates from 3rd November 2015 (all rates are variable). The Society is currently not excepting CASH ISA transfers in (except JISA). Monthly Savings Account’s Conditional Annual Bonus rate is changing with effect from 4th January 2016. The Society's 30 Day Notice Account rates and tiers are changing with effect from 4th January 2016. The web page will be updated in due course. Please contact the Savings Team for further information.
We offer a range of straightforward savings products to suit your needs
|Junior Cash ISA||Gross Rate / AER||Net Rate|
|Monthly Savings Account||Gross Rate / AER||Net Rate|
|£10+||Excluding 1.00% bonus||0.60%||0.48%|
|Including 1.00% bonus||1.60%**||1.28%**|
|Young Savers Account||Gross Rate / AER||Net Rate|
|£1 - £25,000||1.50%||1.20%|
|Cash ISA Monthly Interest Available||Gross Rate / AER||Net Rate|
|Postal Account Monthly Interest Available||Gross Rate / AER||Net Rate|
|30 Day Notice Account Monthly Interest Available||Gross Rate / AER||Net Rate|
|Postal Business Account | Business On Line Account||Gross Rate / AER||Net Rate|
|Instant Access Account||Gross Rate / AER||Net Rate|
Gross Rate – is the contractual rate of interest payable before the deduction of income tax at the rate specified by law (currently 20%).
Net Rate – is the rate of interest which would be payable after allowing for the deduction of income tax at the specified rate.
AER – stands for Annual Equivalent Rate and illustrates what the interest rate would be if interest was paid and compounded once each year.
The tax treatment or the rate of interest payable depends on individual circumstances and may be subject to change in the future.
From 6 April 2015, spouses and civil partners of ISA holders who have died since 3 December 2014 will be able to inherit an additional ISA allowance. Click here for more details
INTEREST CREDITED OR PAID ANNUALLY.
** MONTHLY SAVINGS PLAN INCLUDES A 1.00% BONUS IF ALL MONTHLY SUBSCRIPTIONS ARE RECEIVED DURING THE YEAR
^ MONTHLY INCOME AVAILABLE ON ALL BALANCES OVER £5,000
Rates of interest for closed issues, deposits and monthly income schemes are available on request.