Savings accounts

Our savings accounts are designed for people who want to build a reserve or work toward something specific, such as a holiday, a car or a home deposit. You choose between a flexible account, where you can withdraw whenever you need to, and a fixed-term account that pays a higher rate in return for leaving your money untouched.

Interest is calculated daily and paid into your account at the end of each year. The rate is stated before you open the account, so there are no surprises.

You can set a target amount and a date, then arrange a small monthly transfer from your current account. Many customers find this regular habit more effective than saving whatever is left at the end of the month.

Key points

• Flexible or fixed-term options
• Interest calculated daily
• Automatic monthly transfers
• Savings goals with target dates