Below are the current interest rates we pay on our range of Current Accounts as at 15 October 2016.
Current Accounts
Current Account (Personal)
| Account Balance | Gross | AER |
|---|---|---|
| Any | 0.00% | 0.00% |
Minimum balance required to accrue interest reduced from £500 to £100 on 10 December 2013.
Current Account (Business) - Issue 3
| Account Balance | Gross | AER |
|---|---|---|
| Any Amount | 0.00% | 0.00% |
Monthly Interest Payment. Variable rate.
Savings Account
Below are the current interest rates we pay on our range of variable and fixed deposit savings accounts as at 1st June 2017.
Instant Access Savings Account - Issue 6
| Balance Amount | Gross rate (monthly interest before the deduction of income tax) |
AER* |
|---|---|---|
| £0 - £499 | 0.00% | 0.00% |
| £500 - £5,000,000 | 0.50% | 0.50% |
| Above £5,000,000 | 0.00% | 0.00% |
Monthly Interest Payment. Variable rate.
SBI Jumbo Junior Instant Access Savings Account - Issue 2
| Balance Amount | Gross rate (monthly interest before the deduction of income tax) |
AER* |
|---|---|---|
| £0 - £499 | 0.00% | 0.00% |
| £500 - £100,000 | 0.75% | 0.75% |
| Above £100,000 | 0.00% | 0.00% |
Monthly Interest Payment. Variable rate.
Minimum balance required to accrue interest reduced from £500 to £100 on 10 December 2013.
SBI Young Adult Instant Access Savings Account - Issue 2
| Balance Amount | Gross rate (monthly interest before the deduction of income tax) |
AER* |
|---|---|---|
| £0 - £499 | 0.00% | 0.00% |
| £500 - £100,000 | 0.75% | 0.75% |
| Above £100,000 | 0.00% | 0.00% |
Monthly Interest Payment. Variable rate.
SBI Jumbo Junior Regular Saver Account
| Balance Amount | Gross rate (monthly interest before the deduction of income tax) |
AER* |
|---|---|---|
| £0 - £499 | 0.00% | 0.00% |
| £500 - £100,000 | 1.25% | 1.25% |
| Above £100,000 | 0.00% | 0.00% |
Monthly Interest Payment. Variable rate.
Business Savings Account - Issue 1
| Balance Amount | Gross rate (monthly interest before the deduction of income tax) |
AER* |
|---|---|---|
| £0 - £9,999.99 | 0.00% | 0.00% |
| £10,000- £1,000,000 | 0.50% | 0.50% |
| Above £1,000,000 | 0.00% | 0.00% |
Business+ Savings Account - Issue 1
| Balance Amount | Gross rate (monthly interest before the deduction of income tax) |
AER* |
|---|---|---|
| £0 - £9,999.99 | 0.00% | 0.00% |
| £10,000- £249,999 | 0.50% | 0.50% |
| £250,000- £10,000,000 | 0.75% | 0.75% |
| Above £10,000,000 | 0.00% | 0.00% |
Fixed Deposit
Below are the current interest rates we pay on our range of fixed deposit savings accounts as from 18th December 2017.
| Period | Gross rate maturity/annual interest |
AER |
|---|---|---|
| One Year | 1.00% | 1.00% |
| Two Years | 1.25% | 1.25% |
| Three Years | 1.25% | 1.25% |
| Four Years | 1.25% | 1.25% |
| Five Years | 1.50% | 1.50% |
Cash ISA Fixed Deposit
| Period | Gross rate maturity/annual interest |
AER |
|---|---|---|
| Two Years | 1.25% | 1.25% |
| Three Years | 1.25% | 1.25% |
| Five Years | 1.50% | 1.50% |
Fixed Deposit Rates for USD Deposits
| Period | Gross Rate monthly interest |
Gross rate maturity/annual interest |
AER |
|---|---|---|---|
| One Year | Not Available | 1.50% | 1.50% |
| Two Years | Not Available | 2.00% | 2.00% |
| Three Years | Not Available | 2.15% | 2.15% |
| Four Years | Not Available | 2.40% | 2.40% |
| Five Years | Not Available | 2.70% | 2.70% |
Loyalty fixed deposit rates for GBP deposits
Effective from 18th December 2017
| Period | Gross rate maturity/annual interest |
AER |
|---|---|---|
| One Year | 1.25% | 1.25% |
| Two Years | 1.50% | 1.50% |
| Three Years | 1.50% | 1.50% |
| Four Years | 1.50% | 1.50% |
| Five Years | 1.75% | 1.75% |
SBI Jumbo Junior Fixed Deposit Savings Account
| Period | Gross rate maturity/annual interest |
AER |
|---|---|---|
| One Year | 1.00% | 1.00% |
| Two Years | 1.25% | 1.25% |
| Three Years | 1.25% | 1.25% |
| Four Years | 1.25% | 1.25% |
| Five Years | 1.50% | 1.50% |
Business Fixed Deposit Account
Rates applicable from the 18th December 2017
| Business Fixed Deposit Account (GBP) | Annual / Maturity | AER |
|---|---|---|
| For Balance (£ 5000 - £ 250,000) | ||
| 1 Year | 1.00% | 1.00% |
| 2 Year | 1.25% | 1.25% |
| 3 Year | 1.25% | 1.25% |
| 4 Year | 1.25% | 1.25% |
| 5 Year | 1.50% | 1.50% |
Business+ Fixed Deposit Account
| Business+ Fixed Deposit Account (GBP) | Annual / Maturity | AER | Annual / Maturity | AER |
|---|---|---|---|---|
| Balance | £5,000 - £250,000 | £250,000 - £10,000,000 | ||
| 1 Year | 1.00% | 1.00% | 1.00% | 1.00% |
| 2 Year | 1.25% | 1.25% | 1.25% | 1.25% |
| 3 Year | 1.25% | 1.25% | 1.25% | 1.25% |
| 4 Year | 1.25% | 1.25% | 1.25% | 1.25% |
| 5 Year | 1.50% | 1.50% | 1.50% | 1.50% |
Downloadable Rates
For further details on how the accounts work and where you can open them, ask a member of staff in branch, by telephone or call our contact centre on 0800 532 532.
If calling from outside UK, please contact us on 0044 207 454 4338
Contact centre is now open 24/7.