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 15 October 2016.

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 at 12th October 2020.

Instant Access Savings Account - Issue 6

Balance Amount Gross rate (monthly interest
before the deduction of income tax)		 AER*
£0 - £499 0.00% 0.00%
£500 - £5,000,000 0.25% 0.25%
Above £5,000,000 0.00% 0.00%

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 - £499 0.00% 0.00%
£500 - £100,000 0.25% 0.25%
Above £100,000 0.00% 0.00%

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 - £100,000 0.25% 0.25%
Above £100,000 0.00% 0.00%

Monthly Interest Payment. Variable rate.

 

 

 

Business Savings Account - Issue 1


Rates effective of 12th october 2020

Balance Amount Gross rate (monthly interest
before the deduction of income tax)		 AER*
£0 - £9,999.99 0.00% 0.00%
£10,000 and Above 0.25% 0.25%
 
Fixed Deposit

Below are the current interest rates we pay on our range of fixed deposit  accounts as from 12th October 2020

Period Gross rate
maturity/annual interest		 AER
One Year 0.50% 0.50%
Two Years 0.50% 0.50%
Three Years 0.50% 0.50%
Four Years 0.50% 0.50%
Five Years 0.60% 0.60%
 Jumbo Junior Fixed Deposit

Below are the current interest rates we pay on our Jumbo Junior deposit  accounts as from 12th October  2020

Period Gross rate
maturity/annual interest		 AER
One Year 0.50% 0.50%
Two Years 0.50% 0.50%
Three Years 0.50% 0.50%
Four Years 0.60% 0.60%
Five Years 0.60% 0.60%

Cash ISA Fixed Deposit 

Rates effective from 12.10.2020

Period Gross rate
maturity/annual interest		 AER
Two Years 0.50% 0.50%
Three Years 0.50% 0.50%
Five Years 0.60% 0.60%

Fixed Deposit Rates for USD Deposits effective from 12th october 2020

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 0.20% 0.20%
One Year 0.50% 0.50%
Two Years 0.50% 0.50%
Three Years 0.50% 0.50%
Five Years 0.00% 0.00%

 

 

Flexi ISA from 12.10.2020

Amount Gross rate
maturity/annual interest		 AER
£1 and above 0.25% 0.25%

Business Fixed Deposit Account

Rates applicable from the 12.10.2020

Business Fixed Deposit Account (GBP)
For Balance (£ 10,000 - £ 250,000)
Period Gross rate
maturity/annual interest		 AER
One Year 0.50% 0.50%
Two Years 0.50% 0.50%
Three Years 0.50% 0.50%
Four Years 0.60% 0.60%
Five Years 0.60% 0.60%

 

 

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

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

Contact centre 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 up to 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.

 

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 1 May 2014 - till 15 July 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 up to 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 1 May 2014 - till 15 July 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 till 15 July 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 up to 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 1 May 2014 - till 15 July 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 till 15 July 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 till 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 till 15 July 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 till 15 July 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 till 15 July 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 till 10 July 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 till 15 July 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 till 15 July 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 8 August 2013

Interest Rates valid up to 1 January 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 up to 1 January 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 1 May 2014 - till 15 July 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 up to 1 January 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 1 May 2014 - till 15 July 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 1 January 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 2 January 2014 - till 15 July 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.

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