Interest is paid on a tiered basis which means you’ll earn one rate on your entire account balance. If, for example, you hold £150,000 in your account your interest rate will be 1.60% / 1.59% AER/Gross p.a (variable) on your entire account balance. Interest is calculated daily and paid on the first business day of the month and at account closure. You'll be able to see and access the interest in your account on the following day.

This is only an illustration of what you could save and assumes that no further deposits or withdrawals are made, that there aren’t any changes to interest rates or tiers, and any interest earned stays in the account.

Yes, these rates are variable. If the rates are going down and your balance is £100 or more, we'll give you at least 14 days' notice. If the rates are going down and your balance is less than £100, we'll inform you before the change or shortly afterwards. If the rates are going up, we'll inform you before the change or shortly afterwards. For more information please see the Savings Account Terms (PDF, 605 KB).

• You must be a UK resident aged 16 years or over and already have a current account with us, or apply for a current account with us at the same time. 
• We will need an email address and mobile number to open your account. You can update them online.
• You can open and manage your account on our mobile app, online or by telephone.
• To open in branch you must bring your own digital device such as a mobile or tablet and our staff can assist you opening the account yourself.
• You can pay money in by transfer from a current account or savings account in your name held with us or held with another bank (Online, by telephone or on the mobile app).
• No minimum deposit is required to open the account; no minimum deposit needs to be made on a regular basis; and there is no maximum balance limit.
• If you want to continue a joint application that someone else has started, start applying below and choose the Joint account for two people option when asked. Once you’ve logged in, you’ll see your open application ready for you to review and complete.
• You can use Round Ups with Flexible Saver.
• When funding your newly opened savings account a limit of £99,999 per day applies.  However, the following day you can quickly and easily transfer money to your savings account any time you like via our mobile app or online banking if you have them, or you can call us or visit us in branch. You can transfer between two of your own accounts as many times you like (up to £99,999) per day.

Yes. No notice is required. This is account is a non-payment account.

You can withdraw money:

• in branch.
• by transfer to a current account held with us in your name (online, by telephone or on the mobile app).

Please note if you close or switch your current account with us in future, you will only be able to withdraw money from your Flexible Saver account in branch.

Definitions 

• Annual Equivalent Rate (AER) shows the interest rate if interest is paid and compounded once each year. AER helps you to compare the rates of interest on different accounts.
• Compound interest is interest that is earned on interest that’s already been paid.
• Gross means the interest rate you are paid on your savings with no compounding.
• p.a. per annum (per year).
• Tax-free.  We pay all savings interest without the deduction of tax.  You do not pay any UK tax on interest earned in ISAs. You may have to pay tax on interest earned in non-ISA accounts depending on your Personal Savings Allowance. The tax treatment may be subject to change in the future.

Savings Account Rates including Information Sheet (PDF, 106KB) 

Savings Account Terms (PDF, 605KB)

 FSCS Information Sheet and Exclusions List (PDF, 26KB)

It's important for you to understand how we use and share your information. Please read this short summary before you continue with your application.

As part of the checks that we will complete to verify your identity, we’ll take an image of your face so that it can be compared with your photo ID and this biometric data is captured.