Variable Rate Accounts

Our variable rate accounts offer competitive rates of interest. Access to your money is subject to the withdrawal restrictions set out below.

In the event that the balance falls below the minimum operating balance as stated within the relevant product details below, the basic savings rate of interest, which is currently 0.05% Tax-Free§ p.a/AER (variable) shall apply. The ISA accounts are not Flexible Cash ISAs meaning any amount withdrawn cannot be replaced and will count towards your yearly ISA limit.

 

  • Limited Issue Online Access ISA (Issue 3)

    1.11% Tax-free§ p.a./AER† (variable)

    • Interest paid: on maturity (31 January 2019)
    • Minimum investment & operating balance: £1,000
    • Maximum investment: The maximum you can deposit is £250,000 including 2017/2018 ISA funds, previous year ISA funds plus accrued interest credited to the account. The maximum you can deposit in the 2017/18 tax year is £20,000 (less any amount invested in a Stocks and Shares ISA and/or an Innovative Finance ISA and/or Lifetime ISA in the same tax year).
    • Withdrawals: unlimited withdrawals to your Nominated Accounts (as defined in the Online Conditions) can be made without notice or loss of interest subject to the minimum balance of £1,000 being maintained.
    • Important information about our Limited Issue Online Access ISA (Issue 3):

      Withdrawals to your Nominated Accounts made before 8pm on a working day will be available to the payee on the next working day.

      When money is paid into your account, provided the payment is received by us between 7am and 7pm, you will be able to withdraw the funds that day.

      The Society’s online savings service will be unavailable each day for 1 hour between 12 midnight and 1am while our systems update.

    This account is limited issue. Once the account is open, you can transfer in previous ISA investments (including 2017/18 ISA funds deposited with another institution) provided these are not from an Innovative Finance ISA, or you can deposit new funds. This account may be closed for further deposits upon a minimum of 30 days' written notice after which you will not be able to deposit further funds.

    Full details
  • Limited Issue Online Access Account (Issue 6)

    1.05% Gross p.a./AER (variable)

    The maximum amount you can deposit is £250,000 (£500,000 for joint accounts) plus accrued interest credited to the account.

    • Interest paid: On maturity (31 January 2019)
    • Minimum operating balance: £1,000
    • Maximum balance: £250,000 (£500,000 for Joint Accounts) plus accrued interest credited to the account.
    • Withdrawals: unlimited withdrawals to your Nominated Accounts (as defined in the Online Conditions) can be made without notice or loss of interest subject to the minimum balance of £1,000 being maintained.
    • Important information about our Limited Issue Online Access Account (Issue 6):

      Withdrawals to your Nominated Accounts made before 8pm on a working day will be available to the payee on the next working day.

      When money is paid into your account, provided the payment is received by us between 7am and 7pm, you will be able to withdraw the funds that day.

      The Society’s online savings service will be unavailable each day for 1 hour between 12 midnight and 1am while our systems update.

    This account is limited issue. This account may be closed for further deposits upon a minimum of 30 days' written notice after which you will not be able to deposit further funds.

    Full details
  • Rainy Day Saver (Issue 8)

    For balances between £10,000 and £24,999.99:

    0.75% Gross p.a./AER(variable)

    For balances between £25,000 and £49,999.99:

    0.80% Gross p.a./AER(variable)

    For balances between £50,000 and £250,000:

    0.85% Gross p.a./AER(variable)

    The maximum balance is £250,000 (£250,000 for joint accounts) including accrued interest. If the balance exceeds £250,000 the interest rate that shall apply to the whole balance will be 0.50% Grossp.a/AER (variable).

    • Interest paid: annually 30 Nov (commencing 30 Nov 2018).
    • Minimum operating balance: £10,000
    • Maximum balance: £250,000 (£250,000 for joint accounts)
    • Withdrawals: Access is limited to 6 withdrawals per calendar year without notice or loss of interest, subject to the minimum balance of £10,000 being maintained. If you exceed this number of withdrawals (including closure of the account), the account will be subject to 30 days' loss of interest or an equivalent amount on the amount withdrawn.

    This account may be closed to further deposits upon a minimum of 30 days’ written notice after which you will not be able to invest further funds.

    Full details
  • Rainy Day ISA (Issue 4)

    For balances between £10,000 and £24,999.99:

    0.75% Tax-free§ p.a./AER(variable)

    For balances between £25,000 and £49,999.99:

    0.80% Tax-free§ p.a./AER(variable)

    For balances between £50,000 and £250,000:

    0.85% Tax-free§ p.a./AER(variable)

    The maximum balance is £250,000 including 2017/2018 ISA funds, previous year ISA funds and accrued interest. If the balance exceeds £250,000 including accrued interest the interest rate that shall apply to the whole balance will be 0.50% Tax-free§p.a/AER (variable).

    The maximum you can deposit for the 2017/2018 tax year is £20,000 (less any amount invested in a Stocks and Shares ISA and/or an Innovative ISA and/or Lifetime ISA in the same tax year).

    • Interest paid: annually 30 Nov (commencing 30 Nov 2018)
    • Minimum operating balance: £10,000
    • Maximum balance: £250,000
    • Withdrawals: Access is limited to 6 withdrawals per calendar year without notice or loss of interest, subject to the minimum balance of £10,000 being maintained. If you exceed this number of withdrawals (including closure of the account), the account will be subject to 30 days' loss of interest or an equivalent amount on the amount withdrawn.

      Further deposits: permitted in future tax years (assuming the account remains open for investment)

    The account may be closed for further investment upon a minimum of 30 days written notice after which you will not be able to invest further funds. The maximum for 2017/2018 tax year deposits is £20,000 and the maximum account balance is £250,000 including accrued interest

    Full details
  • Access Saver (Issue 2)

    Interest Rate:

    0.50% Gross p.a./AER (variable)

    • Interest paid: annually on 30 Sep (commencing 30 Sep 2017)
    • Minimum operating balance: £100
    • Maximum balance: £1,000,000 (£2,000,000 for joint accounts) plus accured interest to the account
    • Withdrawals: unlimited subject to the minimum balance of £100 being maintained

    This account may be closed for further deposits upon a minimum of 30 days' written notice after which you will not be able to invest further funds.

    Full details
  • Access ISA (Issue 2)

    0.50% Tax-free§ p.a./AER† (variable)

    • Interest paid: annually on 30 Sep (commencing 30 Sep 2017)
    • Minimum operating balance: £1
    • Maximum balance: The maximum you can deposit in the 2017/18 tax year is £20,000 (less any amount invested in a Stocks and Shares ISA and/or an Innovative Finance ISA and/or Lifetime ISA) in the same tax year.
    • Withdrawals: unlimited withdrawals can be made without notice or loss of interest

    This account may be closed for further deposits upon a minimum of 30 days' written notice after which you will not be able to invest further funds.

    Full details