The Bank of England announced on 2nd August 2018 that the current Bank base rate will increase from 0.50% to 0.75%. What does this mean for you?
Current rates - effective 7 September 2018
Current rates - effective 14 December 2017
Interest on ISA accounts is paid tax-free. Interest is paid gross i.e. without tax being taken off on all our other savings accounts. AER stands for Annual Equivalent Rate and shows you what the interest rate would be if interest was paid and added each year. This will enable you to compare more easily the return you can expect from your savings over time. We are a member of the Financial Ombudsman Service.
Our savings glossary can help explain what something means if you’re unsure.