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Current interest rates

Filter our rates


This is a summary of our latest interest rates. Where relevant, it includes variable rates that have already been announced but not yet come into effect. For full details of the rates for each account or investment, use the filters below to view.

  • Help info: Help message here
  • Shows the prize fund interest rate
  • These interest rates can go up or down
  • These interest rates are guaranteed for a set term


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Use our quick guide to help you decide on the right investment for you.



Premium Bonds prize fund rates


Premium Bonds


From 1 August 2014
Odds per £1 unit Annual prize fund interest rate Tax information
26,000 to 1 1.35% All prizes are tax-free
Find out more Prize draw details

Variable rates


Direct ISA


From 27 February 2014
Amount Interest rate Tax information
£1+ 1.50% AER Tax-free
1.87% basic rate*
2.50% higher rate*
2.72% additional rate*

* Equivalent gross rates for taxpayers at current rates of tax.
Find out more

Direct Saver


From 12 September 2013
Amount Interest rate Tax information
£1+ 1.10% gross/AER Taxable, paid gross
Find out more

Income Bonds


Income Bonds
From 12 September 2013
Amount Interest rate Tax information
£500+ 1.25% gross/1.26% AER Taxable, paid gross
Find out more Interest calculator

Investment Account


Investment Account
From 21 May 2012
Amount Interest rate Tax information
£1+ 0.75% gross/AER Taxable, paid gross
Find out more

Fixed rates


Children's Bonds


Issue 35 from 20 September 2012    
Annual rate guaranteed for five years Interest rate Tax information
2.50% AER No tax liability for parents or children
Find out more Interest calculator

Investments not on general sale

Products no longer on sale


Can't find the account or investment you're looking for?

View our closed accounts and investments

Residual Account

If we close one of our Bonds or Accounts and can't trace you to return your money, we will transfer your money to our Residual Account. There are two types of holdings within our Residual Account. Type A is interest bearing; Type B is non-interest bearing.

View the terms and conditions

Residual Account
  Amount Interest rate Tax information
Type A:
(Matured 6-month and 18-month terms of Guaranteed Growth Bonds and Guaranteed Income Bonds, Easy Access Savings Account, Ordinary Account, Deposit Bonds, Yearly Plan, SAYE and Treasurer's Account)
£1+ 0.10% gross/AER Taxable, paid gross
Type B:
(Gift Tokens, Savings Stamps and British Savings Bonds)
  0%  

Definitions


Tax-free means that interest or prizes are exempt from UK Income Tax and Capital Gains Tax.

AER (Annual Equivalent Rate) illustrates what the interest rate would be if interest was paid and compounded once each year.

Gross is the taxable rate of interest without the deduction of UK Income Tax.

Net is the rate of interest payable after the deduction of UK Income Tax at the rate specified by law.