If convenience and flexibility are important to you, and you are comfortable using a computer, our e-Saver account may be right for you.

  • Save online
  • Save from £1 to £1 million
  • Interest is calculated on your daily balance and paid annually into your account
  • Transfer money to your linked account whenever you need it
  • Unlimited withdrawals and closure permitted

Product details

Account name - e-Saver Issue 14

  Interest rate Balance Gross* p.a. AER†
Variable £1 - £1,000,000 1.00% 1.00%
Open and manage your account online

You can open your e-Saver account from the comfort of your own home and you need to be comfortable using a computer and navigating websites. Our e-Saver account gives you the flexibility to:

  • Carry out transactions whenever and wherever you are in the UK 
  • View your account and personal details 
  • View your balance, transactions and interest rates
  • View and print statements
  • Contact us via secure message 24 hours a day, and we will respond within office hours, usually within 3 working days 
  • Print savings tax certificates 

If you forget your password and need access to your money, simply contact us and we'll be happy to help.

You can open an e-Saver account with just £1

The minimum balance is just £1 and the maximum balance is £1 million. You need to keep at least £1 in your e-Saver account for it to remain open.

You can transfer money in and out of your e-Saver account when you want

You don’t have to give notice to make a transfer. Any transfers you make will be made to the bank account you choose to link with your e-Saver account.

Interest is calculated daily and paid on the 1 January every year

Interest is calculated on your daily balance and paid annually into your e-Saver account.

Service Charges and Cost Related Charges may apply to your account, these are outlined in our Tariff of Charges.

Variable account rates could increase or decrease. Customers will be given personal notification of any material reduction in interest rates a reasonable time before the change takes effect or, if the Account is a payment services account, 60 days before the change takes effect. To understand why rates may be reduced please refer to page 12 of the Savings Terms and Conditions.

In certain circumstances we may refuse an instruction to operate an account. These circumstances are outlined on page 5 of the Savings Terms and Conditions.

Summary information

Summary Box - key product information for our savings account(s)

Account name - e-Saver Issue 14

  Interest rate Balance Gross* p.a. AER†
Variable £1 - £1,000,000 1.00% 1.00%

Tax status

Interest will be paid gross, which means interest is paid to you without tax being deducted from it. If the total amount of interest you earn exceeds your Personal Savings Allowance then you may have to pay tax directly to HM Revenue and Customs. For more information please refer to our handy guide to the Government’s new changes to tax-free savings or visit www.gov.uk and search ‘Personal Savings Allowance’. 

Conditions for bonus payments
Not applicable. 

Withdrawal arrangements 
You do not have to give notice. Any transfers out must be made to the account linked with your e-Saver account. Your balance must not fall below the £1 minimum balance. 

Access 
This account can only be opened and managed online.

Service Charges and Cost Related Charges may apply to your account, these are outlined in our Tariff of Charges.

Variable account rates could increase or decrease. Customers will be given personal notification of any material reduction in interest rates a reasonable time before the change takes effect or, if the Account is a payment services account, 60 days before the change takes effect. To understand why rates may be reduced please refer to page 12 of the Savings Terms and Conditions.

In certain circumstances we may refuse an instruction to operate an account. These circumstances are outlined on page 5 of the Savings Terms and Conditions.

Terms & conditions

Before you apply for an e-Saver Issue 14 account you must: 

  • Be comfortable using a computer
  • Be over the age of 16
  • Be a UK resident for tax purposes
  • Have your address details, including postcode, to hand
  • Have an email address
  • Have a current account with another UK bank or building society
  • Be an individual (not joint) applicant. Please note, online accounts cannot be operated under Power of Attorney

e-Saver Issue 14 Terms & Conditions

As you will be bound by the Account Terms of the account, you must read them. If you do not understand any of the terms and conditions please contact us for further information.

We recommend that you print and keep a copy of these terms and conditions for your records.

Please also read the following:

  • 6th largest UK building society
  • A mutual building society, owned by and run for the benefit of our 500,000 members
  • Over 150 years experience
  • Taking care of over £7 billion of our customers' assets

* Gross is the contractual rate of interest payable before the deduction of income tax at the rate specified by law.

† AER stands for Annual Equivalent Rate and illustrates what the interest rate would be if interest were paid and compounded once each year.


savings

e-Saver Issue 14