Interest Rates and Charges: Savings
Rates and charges for our savings accounts
Rates of interest are subject to change but are correct as at 7th November 2011.
Signature Savings Account
Instant Savings
Savings Account Plus
Cybersave
Child Savings Bond
40 Day Notice Account
Regular Home Saver Account
Cash ISA - Instant Access
Cash ISA - 40 Day Notice
Cash ISA - Fixed Rate Bond
Accounts no longer available to new investors
| Personal Savings Products | Previous Gross* Rate (%) |
Previous AER+ |
Current Gross* Rate (%) |
Current AER+ (%) |
Net** Rate (%) |
|
|---|---|---|---|---|---|---|
| Signature Savings Account | ||||||
| £100,000 and over |
1.50
|
0.82
|
0.75
|
0.75
|
0.60
|
|
| £50,000 - £99,999 |
1.30
|
0.61
|
0.55
|
0.55
|
0.44
|
|
| £25,000 - £49,999 |
1.10
|
0.41
|
0.35
|
0.35
|
0.28
|
|
| £0 - £24,999 |
1.00
|
0.31
|
0.25
|
0.25
|
0.20
|
|
| Instant Savings | ||||||
| £100,000 and over |
0.25
|
0.25
|
0.10
|
0.10
|
0.08
|
|
| £50,000 - £99,999 |
0.25
|
0.25
|
0.10
|
0.10
|
0.08
|
|
| £25,000 - £49,999 |
0.25
|
0.25
|
0.10
|
0.10
|
0.08
|
|
| £10,000 - £24,999 |
0.25
|
0.25
|
0.10
|
0.10
|
0.08
|
|
| £5,000 - £9,999 |
0.25
|
0.25
|
0.10
|
0.10
|
0.08
|
|
| £250 - £4,999 |
0.25
|
0.25
|
0.10
|
0.10
|
0.08
|
|
| £0 - £249 |
0.25
|
0.25
|
0.10
|
0.10
|
0.08
|
|
| Savings Account Plus | ||||||
| £1 and over |
0.50
|
0.50
|
0.10
|
0.10
|
0.08
|
|
| Cybersave | ||||||
| £1,000 and over |
1.00
|
1.00
|
0.50
|
0.50
|
0.40
|
|
| £500 - £999 |
0.95
|
0.95
|
0.45
|
0.45
|
0.36
|
|
| £250 - £499 |
0.70
|
0.70
|
0.20
|
0.20
|
0.16
|
|
| £100 - £249 |
0.65
|
0.65
|
0.15
|
0.15
|
0.12
|
|
| £1 - £99 |
0.60
|
0.60
|
0.10
|
0.10
|
0.08
|
|
| Child Savings Bond | ||||||
| £50 - £250,000 |
4.00
|
4.00
|
4.25
|
4.25
|
3.40
|
|
| 40 Day Notice Account | ||||||
| £1,000,000 and over |
1.35
|
0.90
|
0.85
|
0.85
|
0.68
|
|
| £100,000 - £999,999 |
1.10
|
0.64
|
0.60
|
0.60
|
0.48
|
|
| £0 - £99,999 |
0.75
|
0.29
|
0.25
|
0.25
|
0.20
|
|
| Regular Home Saver Account | ||||||
| £1 and over |
N/A
|
N/A
|
0.50
|
0.50
|
0.40
|
|
| The gross interest rate payable is linked to the Bank of England base rate. The rates will be changed on the first business day following any Bank of England base rate change. | ||||||
| Personal Savings Products | Previous Tax Free Rate++ (%p.a) |
Previous AER%+ |
Current Tax Free Rate++ (%p.a) |
Current AER%+ |
|
|---|---|---|---|---|---|
| Cash ISA - Instant Access | |||||
| £24,000 and over |
2.00
|
2.00
|
1.60
|
1.60
|
|
| £15,000 - £23,999 |
1.75
|
1.75
|
1.40
|
1.40
|
|
| £12,000 - £14,999 |
1.55
|
1.55
|
1.25
|
1.25
|
|
| £9,000 - £11,999 |
1.35
|
1.35
|
1.00
|
1.00
|
|
| £6,000 - £8,999 |
1.15
|
1.15
|
0.75
|
0.75
|
|
| £3,000 - £5,999 |
0.95
|
0.95
|
0.50
|
0.50
|
|
| £1,000 - £2,999 |
0.75
|
0.75
|
0.40
|
0.40
|
|
| £1 - £999 |
0.75
|
0.75
|
0.40
|
0.40
|
|
| Cash ISA - 40 Day Notice | |||||
| £24,000 and over |
-
|
-
|
2.50
|
2.50
|
|
| £9,000 - £23,999 | 1.90 | 1.90 |
2.00
|
2.00
|
|
| £1 - £8,999 | 1.40 | 1.40 |
1.50
|
1.50
|
|
| Cash ISA Fixed Rate Bond | |||||
| Issue 14 (Maturity date 29th January 2016) | n/a | n/a | 4.40 | 4.40 | |
Accounts no longer available
| Personal Savings Products | Current Gross* Rate (%) |
Current AER++ (%) |
Net** Rate (%) |
|||
|---|---|---|---|---|---|---|
| Passbook Account | ||||||
| £25,000 and over |
0.35
|
0.35
|
0.28
|
|||
| £10,000 - £24,999 |
0.10
|
0.10
|
0.08
|
|||
| £5,000 -£9,999 |
0.10
|
0.10
|
0.08
|
|||
| £2,500 - £4,999 |
0.10
|
0.10
|
0.08
|
|||
| £500 - £2,499 |
0.10
|
0.10
|
0.08
|
|||
| £250 - £499 |
0.10
|
0.10
|
0.08
|
|||
| £50 - £249 |
0.10
|
0.10
|
0.08
|
|||
| £0 - £49 |
0.00
|
0.00
|
0.00
|
|||
| 3 Year Step Up Bond | ||||||
| Year 1 |
3.25
|
2.60
|
3.25
|
|||
| Year 2 |
4.00
|
3.20
|
4.00
|
|||
| Year 3 |
5.20
|
4.16
|
5.20
|
|||
| Tax Free Rate++ (%p.a.) |
AER%+ | |||||
|---|---|---|---|---|---|---|
| Cash ISA Fixed Rate Bond | ||||||
| Issue 3 (Maturity date 31st March 2015) | 5.00 | 5.00 | ||||
| Issue 4 (Maturity date 31st May 2013) | 3.90 | 3.90 | ||||
| Issue 6 (Maturity date 30th November 2015) | 4.25 | 4.25 | ||||
| Issue 7 (Maturity date 31st August 2012) | 3.00 | 3.00 | ||||
| Issue 8 (Maturity date 30th April 2012) | 3.00 | 3.00 | ||||
| Issue 9 (Maturity date 29th April 2016) | 4.25 | 4.25 | ||||
| Issue 10 (Maturity date 31st August 2012) | 3.25 | 3.25 | ||||
| Issue 11 (Maturity date 29th April 2016) | 4.50 | 4.50 | ||||
| Issue 12 (Maturity date 28th September 2012) | 3.30 | 3.30 | ||||
| Issue 13 (Maturity date 31st October 2013) | 4.00 | 4.00 | ||||
Definitions
+AER (Annual Equivalent Rate). The Annual Equivalent Rate illustrates what the interest rate would be if interest was paid and compounded once each year.
**Net Rate. Net Rate is the Gross Rate less income tax at the basic rate (currently 20%). Tax at this rate will be deducted from accounts subject to tax at the time interest is paid. Non-taxpayers may register for payment of interest gross. Tax paid may be reclaimed, where appropriate, from HM Revenue and Customs. Higher rate taxpayers may be liable to additional taxation according to their individual circumstances.
++Tax Free - is the rate payable when income is exempt from Income Tax.
*Gross Rate. Gross Rate interest is the interest payable without taking account of the deduction of income tax. For most customers tax will be deducted at the basic rate prevailing at the time of payment (currently 20%).
We are covered by the Financial Services Compensation Scheme established under the Financial Services and Markets Act 2000. You may be entitled to compensation from the scheme if we cannot meet our obligations. This depends on the type of business and circumstances of the claim.
Further details of the scheme are available from us on request or from the Financial Services Compensation Scheme www.fscs.org.uk or in writing from the Financial Services Compensation Scheme, 7th Floor , Lloyds Chambers, 1 Portsoken Street, London E1 8BN.
Clydesdale Bank and Yorkshire Bank are trading names of Clydesdale Bank PLC. As both banks are part of the one and same authorised entity the FSCS compensation limit applies to deposits held across both brands.