Bonus Saver

This is an instant-access savings account for businesses and is useful for putting aside surplus funds and saving for VAT and tax bills.

Instant access
Tiered interest rates
Interest paid quarterly
Same-day transfers between accounts
Free withdrawals

A bonus of up to 1% (gross per annum) is paid at a rate of 0.25% per quarter if no more than one withdrawal is made in that quarter.

You can also choose to have your interest paid into your Current Account or Bonus Saver account and access your account via Online Banking.

Please read this important legal information

Bonus Saver - Excluding all standard quarterly interest bonuses
Balance £	Current gross rate per annum %	Current AER %	Previous gross rate per annum %	Previous AER %
0-1,999	1.60	1.61	1.85	1.86
2,000-24,999	1.80	1.81	2.05	2.07
25,000-49,999	2.00	2.02	2.25	2.27
50,000-99,999	2.10	2.12	2.35	2.37
100,000-249,999	2.30	2.32	2.55	2.57
250,000+	2.55	2.57	2.80	2.83

Please note: A bonus of up to 1% (gross per annum) is paid at a rate of 0.25% per quarter if no more than one withdrawal is made in that quarter. Please see the table below for bonus rates.

Bonus Saver - Including all standard quarterly interest bonuses
Balance £	Current gross rate per annum %	Current AER %	Previous gross rate per annum %	Previous AER %
0-1,999	2.60	2.63	2.85	2.88
2,000-24,999	2.80	2.83	3.05	3.09
25,000-49,999	3.00	3.03	3.25	3.29
50,000-99,999	3.10	3.14	3.35	3.39
100,000-249,999	3.30	3.34	3.55	3.60
250,000+	3.55	3.60	3.80	3.85

The above tables were last updated 24 April 2008

Interest rates
Gross: the interest rate paid before the deduction of tax.
Net: the interest rate paid after the deduction of tax.
Annual Equivalent Rate (AER): illustrates what the interest rate would be if paid and compounded each year.

Introductory bonus is not available to existing Bonus Saver account holders

Interest is calculated daily and applied quarterly.

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