What is a combined interest rate?
How does a combined interest rate work?
A combined interest rate is the overall rate your savings earn when different parts of your savings balance earn different rates of interest.
For example, if you've got a Digital Regular Saver, you'll earn a higher rate on the first £5,000 you save and a lower rate on anything you've saved above £5,000. If your balance is £6,000, £5,000 will earn the higher rate and £1,000 earns the lower rate — so your combined rate is a mix of both.
Why does the combined rate go down as your balance goes up?
As your savings balance increases, your combined rate will decrease, because more of your balance is earning interest at the lower rate. You can see your combined rate in the mobile app or online banking at any time.
