Investment Account

A simple, easy-access savings account you can manage by post.

Essentials at a glance

What's the interest rate?
0.80% gross/AER (until 23 November 2020)
0.01% gross/AER (from 24 November 2020)
Can you take money out?
Yes: no notice and no penalty
Will you pay tax?
Yes: tax on your gross interest
What's the min. to pay in?
£20
What's the max. to pay in?
£1 million per person

Great for you if …

  • You want a straightforward savings account by post
  • You want easy access to your money
  • You want a savings account for a child or grandchild

Maybe not for you if …

  • You want a fixed interest rate
  • You want a regular income from your savings
  • You want to use your account online and by phone
  • You prefer to use your account in-branch

Investment Account FAQs

Can't find what you're looking for?

Ready to apply?

Be sure to check our FAQs first, then we'll show you the Investment Account summary box and customer agreement before you apply.