Yes. We have the right to change the interest rate on your account. The reasons we may change your rate are outlined in Section 10 of the Savings key information.

If we change your interest rate to your disadvantage, we’ll give you notice in writing a minimum of 14 days before the change takes effect, as long as you have at least £100 in your account.

After 12 months £1,038.50
After 24 months £1,053.56

The projection is based on an annual interest option with interest paid into the Instant Saver account (compound interest). This projection is provided for illustrative purposes only and doesn’t take into account your individual circumstances.

These assumptions are based on a £1,000 deposit with no further deposits or withdrawals made during the 12 months of the projection.

Eligibility

• To apply you must be a UK resident and resident in the UK for tax purposes. This doesn’t include the Channel Islands and the Isle of Man
• To apply you must be aged 16 or over
• If you’re aged 11 – 15, the account can only be opened by an adult representative on your behalf

Opening and managing your account

• You can apply for an account in branch or by post
• You can manage your account in branch, by phone, post or online
• Minimum balance to open the account is £100
• The maximum balance of the account is £1 million

If you wish to switch into this account, or out to another product, please select the ‘Online Products’ link on your online banking page or visit your local branch.

Our Instant Saver account allows you to make unlimited, no-notice withdrawals without any penalty.

• Withdrawals are free of charge
• You can withdraw up to £1000 a day via a Post Office branch or ATM
• Unlimited withdrawal requests can be made in writing or up to £50k over the phone
• Postal or telephone withdrawals can be made by cheque or into your linked bank account

Interest is paid gross without tax deducted.

You can cancel the account within 14 days of opening and your money will be returned in full with any interest.