Interest Rates Inner Page Slide

Interest Rates

Interest Rates

Interest Rates

Below are the current interest rates we pay on our range of Current Accounts as at 26 September 2022

Current Accounts

Current Account (Personal)

Account Balance Gross AER
Any 0.00% 0.00%

Current Account (Business) - Issue 3

Account Balance Gross AER
Any Amount 0.00% 0.00%

Monthly Interest Payment. Variable rate.

 
Savings Account

Below are the current interest rates we pay on our range of variable and fixed deposit savings accounts as of Sept. 15, 2023.

Instant Access Savings Account - Issue 6

Balance Amount Gross rate (monthly interest
before the deduction of income tax)
AER*
£0 - £499.99 0.00% 0.00%
£500 - £49,999.99 1.95% 1.95%
£50,000 - £5,000,000 2.25% 2.25%
Above £5,000,000 0% 0%

Monthly Interest Payment. Variable rate.

 

SBI Jumbo Junior Instant Access Savings Account - Issue 2

Balance Amount Gross rate (monthly interest
before the deduction of income tax)
AER*
£0 - £99.99 0.00% 0.00%
£100 - £49,999.99 1.95% 1.95%
£50,000 - £100,000 2.25% 2.25%
Above £100,000 0% 0%

Monthly Interest Payment. Variable rate.

 

Minimum balance required to accrue interest reduced from £500 to £100 on 10 December 2013.

 

SBI Young Adult Instant Access Savings Account - Issue 2

Balance Amount Gross rate (monthly interest
before the deduction of income tax)
AER*
£0 - £499 0.00% 0.00%
£500 - £49,999.99 1.95% 1.95%
£50,000  -  £100,000 2.25% 2.25%
Above £100,000 0% 0%

 

Monthly Interest Payment. Variable rate.

 

Notice Savings Account

Interest rate effective from 15.09.2023 

Amount Gross rate AER*
£1 - £5,000,000.00 2.25% 2.25%

 

Business Savings Account - Issue 1


Rates effective from 15.09.2023

Balance Amount Gross rate (monthly interest
before the deduction of income tax)
AER*
£0 - £9,999.99 0.00% 0.00%
£10,000 - £49,999.99 1.95% 1.95%
£50,000.00 - £5,000,000 2.75% 2.75%
Above £5,000,000 0% 0%
 
Fixed Deposit

Below are the current interest rates we pay on our range of fixed deposit accounts as of 29.11.2023

Period Gross rate
maturity/annual interest
AER
One Year 5.00% 5.00%
Two Years 5.00% 5.00%
Three Years 4.15% 4.15%
Five Years 4.25% 4.25%

 

Fixed deposit loyalty Rate: +0.25%*

*Only for renewal of fixed deposits.

Jumbo Junior Fixed Deposit

Below are the current interest rates we pay on our Jumbo Junior deposit accounts as of 29.11.2023

Period Gross rate
maturity/annual interest
AER
One Year 5.00% 5.00%
Two Years 5.000% 5.000%
Three Years 4.15% 4.15%
Five Years 4.25% 4.25%

Junior jumbo fixed deposit loyalty rate +0.50%*

*Only for renewal of fixed deposits

*Only for fixed deposits in GBP

 

Cash ISA Fixed Deposit 

Rate applicable from the date 08.02.2024.

Period Gross rate
maturity/annual interest
AER
2 years 4.65% 4.65%
3 years 4.25% 4.25%
5 years 4.15% 4.15%

 

*Only for renewal odf fixed deposits.

Fixed Deposit Rates for USD Deposits effective from 01.03.2024

Period Gross rate
maturity/annual interest
AER
30 to 89 days 0.10% 0.10%
90 to 179 days 0.10% 0.10%
180 to 364 days 3.10% 3.10%
One Year 5.00% 5.00%
Two Years 5.00 % 5.00 %
Three Years 4.00 % 4.00 %
Five Years 0.00 % 0.00 %

 

Flexi ISA from 15.09.2023

Amount Gross rate
maturity/annual interest
AER
£1  - £20,000 2.40% 2.40%

Business Fixed Deposit Account

Rates applicable from Nov. 29, 2023.

Business Fixed Deposit Account (GBP)
For Balance (£10,000 - £250,000)
Period Gross rate
maturity/annual interest
AER
One Year 5.00% 5.00%
Two Years 5.00% 5.00%
Three Years 4.15% 4.15%
Five Years 4.25% 4.25%

 

Business fixed deposit loyalty rate: +0.50%*

*Only for renewal of fixed deposits

For further details on how the accounts work and where you can open them, ask a member of staff in the branch, by telephone or call our contact center on 0800 532 532.

If calling from outside the UK, please contact us on 0044 207 454 4338

Contact center is now open 24/7.

Withdrawn accounts no longer available to new customers

Below are the interest rates for withdrawn Current and Savings Accounts that are no longer available to new customers.

Withdrawn Savings Accounts:

Instant Access Savings Account - Issue 1 - This account was withdrawn on 5 March 2013

Interest rates valid until April 30, 2014

Account Balance Gross AER
£0 - £499 0.00% 0.00%
£500 - £5m 1.98% 2.00%
£5m+ 0.00% 0.00%

Monthly Interest Payment. Variable rate.

 

Instant Access Savings Account - Issue 4. Accounts between 01/02/2015 and 14/10/2016

Account Balance Gross AER
£0 - £499 0.00% 0.00%
£500 - £5m 1.25% 1.25%
£5m+ 0.00% 0.00%

Monthly Interest Payment. Variable rate.

 

Interest Rates valid from May 1, 2014 - until July 15, 2016

Account Balance Gross AER
£0 - £499 0.00% 0.00%
£500 - £5m 1.49% 1.50%
£5m+ 0.00% 0.00%

Monthly Interest Payment. Variable rate.

 

Instant Access Savings Account - Issue 2 . This account was available for customers opening the account between 6 March 2013 and 7 May 2013.

Interest rates valid until April 30, 2014

Account Balance Gross AER
£0 - £499 0.00% 0.00%
£500 - £5m 1.74% 1.75%
£5m+ 0.00% 0.00%

Monthly Interest Payment. Variable rate.

 

Interest rates valid from May 1, 2014 - until July 15, 2016

Account Balance Gross AER
£0 - £499 0.00% 0.00%
£500 - £5m 1.49% 1.50%
£5m+ 0.00% 0.00%

Monthly Interest Payment. Variable rate.

 

Instant Access Savings Account - Issue 3 . This account was available for customers opening the account between 8 May 2013 and 31 January 2014.

Interest rates valid until July 15, 2016

Account Balance Gross AER
£0 - £499 0.00% 0.00%
£500 - £5m 1.49% 1.50%
£5m+ 0.00% 0.00%

Monthly Interest Payment. Variable rate.

 

Instant Access Savings Account - Issue 5 . Accounts between 15/07/2016 and 14/10/2016

Account Balance Gross AER
£0 - £499 0.00% 0.00%
£500 - £5m 1.00% 1.00%
£5m+ 0.00% 0.00%

Monthly Interest Payment. Variable rate.

 

Online Instant Access Savings Account - Issue 1 - This account was withdrawn on 5 March 2013

Interest rates valid until April 30, 2014

Account Balance Gross AER
£0 - £499 0.00% 0.00%
£500 - £5m 1.74% 1.75%
£5m+ 0.00% 0.00%

Monthly Interest Payment. Variable rate.

 

Interest rates valid from May 1, 2014 - until July 15, 2016

Account Balance Gross AER
£0 - £499 0.00% 0.00%
£500 - £5m 1.49% 1.50%
£5m+ 0.00% 0.00%

Monthly Interest Payment. Variable rate.

 

Online Instant Access Savings Account - Issue 3 . This account was available for customers opening the account between 5 March 2013 and 31 January 2014.

Interest rates valid until July 15, 2016

Account Balance Gross AER
£0 - £499 0.00% 0.00%
£500 - £5m 1.49% 1.50%
£5m+ 0.00% 0.00%

Monthly Interest Payment. Variable rate.

 

Online Instant Access Savings Account - Issue 5 - This account was available for customers opening the account between 15 July 2016 and 03 August 2016.

Interest rates valid until date

Account Balance Gross AER
£0 - £499 0.00% 0.00%
£500 - £1m 1.00% 1.00%
£1m+ 0.00% 0.00%

Monthly Interest Payment. Variable rate.

 

SBI Online Remittance Savings Account - Issue 1 - This account was withdrawn on 31 January 2013

Interest rates valid until July 15, 2016

Account Balance Gross AER
£0 - £499 0.00% 0.00%
£500 - £1m 1.49% 1.50%
£1m+ 0.00% 0.00%

Monthly Interest Payment. Variable rate.

 

SBI Online Remittance Savings Account - Issue 3 - This account was withdrawn on 3 August 2016

Interest rates valid until July 15, 2016

Account Balance Gross AER
£0 - £499 0.00% 0.00%
£500 - £1m 1.00% 1.00%
£1m+ 0.00% 0.00%

Monthly Interest Payment. Variable rate.

 

Withdrawn Business Savings Accounts:

Business Instant Access Savings Account - Issue 1 - This account was withdrawn on 5 March 2013

Interest rates valid until July 15, 2016

Account Balance Gross AER
£0 - £9,999.99 0.00% 0.00%
£10,000 - £5m 1.49% 1.50%
£5m+ 0.00% 0.00%

Monthly Interest Payment. Variable rate.

 

Business Instant Access Savings Account - Issue 2 - This account was available for customers opening the account between 30 January 2014 and 10 July 2014.

Interest Rates valid until July 10, 2014

Account Balance Gross AER
£0 - £9,999.99 0.00% 0.00%
£10,000 - £5m 1.24% 1.25%
£5m+ 0.00% 0.00%

Monthly Interest Payment. Variable rate.


Business Instant Access Savings Account - Issue 3 - This account was available for customers opening the account between 11 July 2014 and 15 July 2016.

 

Interest Rates valid until July 15, 2016

Account Balance Gross AER
£0 - £9,999.99 0.00% 0.00%
£10,000 - £5m 1.49% 1.50%
£5m+ 0.00% 0.00%

Monthly Interest Payment. Variable rate.

 

Business Current Account - This account was withdrawn on 15th July 2016.

Interest Rates valid until July 15, 2016

Account Balance Gross AER
£0 - £9,999.99 0.00% 0.00%
£10,000 - £5m 0.99% 1.01%
£5m+ 0.00% 0.00%

Monthly Interest Payment. Variable rate.

 

Premier Account Changes

From January 2014, Premier Accounts will no longer be fee accounts and existing benefits will cease - including Cineworld tickets, ZEE TV subscriptions and an additional 0.25% interest on balances over £50,000.

Premier Current Account - This account was withdrawn on August 8, 2013

Interest rates valid until January 1, 2014

Account Balance Gross AER
£500 - £49,999 0.00% 0.00%
£50,000 - £5m 0.25% 0.25%
£5m+ 0.00% 0.00%

Monthly Interest Payment. Variable rate.

 

Premier Instant Access Savings Account - Issue 1 - This account was withdrawn on 5 March 2013

Interest rates valid until January 1, 2014

Account Balance Gross AER
£0 - £499 0.00% 0.00%
£500 - £49,999 1.98% 2.00%
£50,000 - £5m 2.23% 2.25%
£5m+ 0.00% 0.00%

Monthly Interest Payment. Variable rate.

 

Interest Rates valid between 2 January 2014 and 30 April 2014

Account Balance Gross AER
£0 - £499 0.00% 0.00%
£500 - £5m 1.98% 2.00%
£5m+ 0.00% 0.00%

Monthly Interest Payment. Variable rate.

 

Interest Rates valid from May 1, 2014 - until July 15, 2016

Account Balance Gross AER
£0 - £499 0.00% 0.00%
£500 - £5m 1.49% 1.50%
£5m+ 0.00% 0.00%

Monthly Interest Payment. Variable rate.

 

Premier Instant Access Savings Account - Issue 2 - This account was available for customers opening the account between 5 March 2013 and 7 May 2013.

Interest rates valid until January 1, 2014

Account Balance Gross AER
£0 - £499 0.00% 0.00%
£500 - £49,999 1.74% 1.75%
£50,000 - £5m 1.98% 2.00%
£5m+ 0.00% 0.00%

Monthly Interest Payment. Variable rate.

 

Interest rates valid between 2 January 2014 and 30 April 2014

Account Balance Gross AER
£0 - £499 0.00% 0.00%
£500 - £5m 1.74% 1.75%
£5m+ 0.00% 0.00%

Monthly Interest Payment. Variable rate.

 

Interest rates valid from May 1, 2014 - until July 15, 2016

Account Balance Gross AER
£0 - £499 0.00% 0.00%
£500 - £5m 1.49% 1.50%
£5m+ 0.00% 0.00%

Monthly Interest Payment. Variable rate.

 

Premier Instant Access Savings Account - Issue 3 - This account was available for customers opening the account between 8 May 2013 and 8 August 2013.

Interest rates valid up to January 1, 2014

Account Balance Gross AER
£0 - £499 0.00% 0.00%
£500 - £49,999 1.49% 1.50%
£50,000 - £5m 1.74% 1.75%
£5m+ 0.00% 0.00%

Monthly Interest Payment. Variable rate.

 

Interest rate valid from January 2, 2014 - until July 15, 2016

Account Balance Gross AER
£0 - £499 0.00% 0.00%
£500 - £5m 1.49% 1.50%
£5m+ 0.00% 0.00%

Monthly Interest Payment. Variable rate.

Loyalty Rate effective 1 st April 2021 at 0.15%

To be eligible for the Loyalty rate the monies would have to be with us for 3 months or more in a savings account alternatively a renewal of an FD

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