Rates

Current Account Interest Rates


Below are the current interest rates we pay on our range of Current Accounts correct as at 1 February 2014.

Current Accounts:

Current Account (Personal)

Account Balance Gross AER
Any 0.00% 0.00%


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For further details on how the accounts work and where you can open them, ask a member of staff in branch, telephone our call centre on 0800 532 532, open Monday to Friday from 9:00am to 6:00pm.

Savings Account Interest Rates


Below are the current interest rates we pay on our range of variable and fixed deposit savings accounts correct as at
1 February 2014.

Savings Accounts:

Instant Access Savings Account - Issue 4

Account Balance Gross AER
£0 - £499 0.00% 0.00%
£500 - £5m 1.24% 1.25%
£5m+ 0.00% 0.00%
Monthly Interest Payment. Variable rate.

Online Instant Access Savings Account - Issue 4

Account Balance Gross AER
£0 - £499 0.00% 0.00%
£500 - £1m 1.24% 1.25%
£1m+ 0.00% 0.00%
Monthly Interest Payment. Variable rate.

SBI Online Remittance Savings Account - Issue 4

Account Balance Gross AER
£0 - £499 0.00% 0.00%
£500 - £1m 1.24% 1.25%
£1m+ 0.00% 0.00%
Monthly Interest Payment. Variable rate.

SBI Jumbo Junior Instant Access Savings Account

Account Balance Gross AER
£0 - £99 0.00% 0.00%
£100 - £99,999 1.98% 2.00%
£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 Jumbo Junior Regular Saver Account

Account Balance Gross AER
£0 - £109,999 2.81% 2.85%
£110,000+ 0.00% 0.00%
Monthly Interest Payment. Variable rate.

SBI Young Adult Instant Access Savings Account

Account Balance Gross AER
£0 - £499 0.00% 0.00%
£500 - £99,999 1.98% 2.00%
£100,000+ 0.00% 0.00%
Monthly Interest Payment. Variable rate.

For further details on how the accounts work and where you can open them, ask a member of staff in branch, telephone our call centre on 0800 532 532, open Monday to Friday from 9:00am to 6:00pm

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Fixed Deposit Interest Rates


Below are the current interest rates we pay on our range of fixed deposit savings accounts correct as at 28 February 2014.

Fixed Deposit Savings Accounts:

Fixed Deposit

Term Gross Monthly Gross Yearly AER
1 Year 1.69% 1.70% 1.70%
2 Year 2.08% 2.10% 2.10%
3 Year 2.32% 2.35% 2.35%
5 Year 2.86% 2.90% 2.90%

Online 5 Year Fixed Rate Deposit Account

Term Gross Monthly Gross Yearly AER
5 Year 2.86% 2.90% 2.90%

SBI Jumbo Junior Fixed Deposit Savings Account

Term Gross Yearly AER
1 Year 2.00% 2.00%
2 Year 2.25% 2.25%
3 Year 2.50% 2.50%
5 Year 2.50% 2.50%


For further details on how the accounts work and where you can open them, ask a member of staff in branch, telephone our call centre on 0800 532 532, open Monday to Friday from 9:00am to 6:00pm

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Withdrawn accounts no longer available to new customers


Premier Account changes

From January 2014, Premier Accounts will no longer be fee accounts and existing benefits will cease - including Cineworld tickets, ZEE TV subscriptions and an additional 0.25% interest on balances over £50,000.

Below are the interest rates for withdrawn Savings Accounts that are no longer available to new customers.

Withdrawn current accounts:

Premier current account

Up to 1st January 2014

Date Withdrawn Account Balance Gross AER
8th August 2013 £0 - £49,999 0.00% 0.00%
£50,000 - £5m 0.25% 0.25%
£5m+ 0.00% 0.00%
Monthly Interest Payment. Variable rate.

From 2nd January 2014

Date Withdrawn Account Balance Gross AER
8th August 2013 Any 0.00% 0.00%
Monthly Interest Payment. Variable rate.

Withdrawn Savings Accounts:

Instant Access Savings Account

Up to 30 April 2014

Date Withdrawn Account Balance Gross AER
5th March 2013 £0 - £499 0.00% 0.00%
£500 - £5m 1.98% 2.00%
£5m+ 0.00% 0.00%
Monthly Interest Payment. Variable rate.

From 1 May 2014

Date Withdrawn Account Balance Gross AER
5th March 2013 £0 - £499 0.00% 0.00%
£500 - £5m 1.49% 1.50%
£5m+ 0.00% 0.00%
Monthly Interest Payment. Variable rate.

Instant Access Savings Account - Issue 2

Up to 30 April 2014

Date Withdrawn Account Balance Gross AER
7th May 2013 £0 - £499 0.00% 0.00%
£500 - £5m 1.74% 1.75%
£5m+ 0.00% 0.00%
Monthly Interest Payment. Variable rate.

From 1 May 2014

Date Withdrawn Account Balance Gross AER
7th May 2013 £0 - £499 0.00% 0.00%
£500 - £5m 1.49% 1.50%
£5m+ 0.00% 0.00%
Monthly Interest Payment. Variable rate.

Instant Access Savings Account - Issue 3

Date Withdrawn Account Balance Gross AER
31st January 2014 £0 - £499 0.00% 0.00%
£500 - £5m 1.49% 1.50%
£5m+ 0.00% 0.00%
Monthly Interest Payment. Variable rate.

Online Instant Access Savings Account

Up to 30 April 2014

Date Withdrawn Account Balance Gross AER
7th May 2013 £0 - £499 0.00% 0.00%
£500 - £1m 1.74% 1.75%
£1m+ 0.00% 0.00%
Monthly Interest Payment. Variable rate.

From 1 May 2014

Date Withdrawn Account Balance Gross AER
7th May 2013 £0 - £499 0.00% 0.00%
£500 - £1m 1.49% 1.50%
£1m+ 0.00% 0.00%
Monthly Interest Payment. Variable rate.

Online Instant Access Savings Account - Issue 3

Date Withdrawn Account Balance Gross AER
29th January 2014 £0 - £499 0.00% 0.00%
£500 - £1m 1.49% 1.50%
£1m+ 0.00% 0.00%
Monthly Interest Payment. Variable rate.

SBI Online Remittance Savings Account

Date Withdrawn Account Balance Gross AER
31st January 2014 £0 - £499 0.00% 0.00%
£500 - £1m 1.49% 1.50%
£1m+ 0.00% 0.00%
Monthly Interest Payment. Variable rate.

Premier Instant Access Savings Account - Issue 1

Up to 1st January 2014

Date Withdrawn Account Balance Gross AER
5th March 2013 £0 - £499 0.00% 0.00%
£500 - £49,999 1.98% 2.00%
£50,000 - £5m 2.23% 2.25%
£5m+ 0.00% 0.00%
Monthly Interest Payment. Variable rate.

Between 2nd January 2014 and 30 April 2014

Date Withdrawn Account Balance Gross AER
5th March 2013 £0 - £499 0.00% 0.00%
£500 - £5m 1.98% 2.00%
£5m+ 0.00% 0.00%
Monthly Interest Payment. Variable rate.

From 1 May 2014

Date Withdrawn Account Balance Gross AER
5th March 2013 £0 - £499 0.00% 0.00%
£500 - £5m 1.49% 1.50%
£5m+ 0.00% 0.00%
Monthly Interest Payment. Variable rate.

Premier Instant Access Savings Account - Issue 2

Up to 1st January 2014

Date Withdrawn Account Balance Gross AER
7th May 2013 £0 - £499 0.00% 0.00%
£500 - £49,999 1.74% 1.75%
£50,000 - £5m 1.98% 2.00%
£5m+ 0.00% 0.00%
Monthly Interest Payment. Variable rate.

Between 2nd January 2014 and 30 April 2014

Date Withdrawn Account Balance Gross AER
7th May 2013 £0 - £499 0.00% 0.00%
£500 - £5m 1.74% 1.75%
£5m+ 0.00% 0.00%
Monthly Interest Payment. Variable rate.

From 1 May 2014

Date Withdrawn Account Balance Gross AER
7th May 2013 £0 - £499 0.00% 0.00%
£500 - £5m 1.49% 1.50%
£5m+ 0.00% 0.00%
Monthly Interest Payment. Variable rate.

Premier Instant Access Savings Account - Issue 3

Up to 1st January 2014

Date Withdrawn Account Balance Gross AER
8th August 2013 £0 - £499 0.00% 0.00%
£500 - £49,999 1.49% 1.50%
£50,000 - £5m 1.74% 1.75%
£5m+ 0.00% 0.00%
Monthly Interest Payment. Variable rate.

From 2nd January 2014

Date Withdrawn Account Balance Gross AER
8th August 2013 £0 - £499 0.00% 0.00%
£500 - £5m 1.49% 1.50%
£5m+ 0.00% 0.00%
Monthly Interest Payment. Variable rate.

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Premier Account changes

From January 2014, Premier Accounts will no longer be fee accounts and existing benefits will cease - including Cineworld tickets, ZEE TV subscriptions and an additional 0.25% interest on balances over £50,000. Further details about the new account interest rates will be provided shortly.