Selected savings rates will be reducing from 1st June 2014.
Following continued interest rate reductions in the savings rate market, we will be reducing the interest rates payable on selected savings accounts from 1st June 2014.
Our analysis of the market shows that the current rates we pay are higher than those offered elsewhere. We therefore withdrew many of our savings products from sale in order avoid an unsustainable inflow of funds. We hope that this interest rate change will allow us to end this temporary measure and make our accounts available once more.
Our new rates remain competitive against the market which we will continue to monitor.
To see our new rates from 1st
June 2014 please click here