Savings rate change effective 5th March 2021
Personal notifications have been sent to Members who hold the savings accounts listed below to advise that the interest rate on their savings account(s) will be reduced from 1 March 2021.
Personal notifications have been sent to Members who hold the savings accounts listed below to advise that the interest rate on their savings account(s) will be reduced from 1 March 2021.
However, due to unavoidable postal delays with the notifications reaching our Members, the change in interest rates will be postponed to 5th March 2021.
|
Account *closed to new business |
Current Rates (variable) Tax-free*/AER**
Balance from Balance to |
New Rates (variable) Tax-Free*/AER**
Balance from Balance to |
|
Cash ISA Saver |
£1,000 + 0.45% |
£1,000 + 0.40% |
|
Clockwork Regular ISA Saver Issue 2 |
£20 + 0.80% |
£20 + 0.60% |
|
Clockwork Regular ISA Saver Issue 1* |
£20 + 0.85% |
£20 + 0.60% |
|
Cash ISA Issue 5 |
£10 £19,999 0.25% £20,000 £29,999 0.35% £30,000 £69,999 0.40% £70,000 + 0.50% |
10 £19,999 0.25% £20,000 £29,999 0.30% £30,000 £69,999 0.35% £70,000 + 0.40% |
|
Cash ISA Issue 4* |
£10 £29,999 0.20% £30,000 £59,999 0.30% £60,000 + 0.40% |
£10 £29,999 0.20% £30,000 £59,999 0.30% £60,000 + 0.35% |
|
Cash ISA Issue 3* |
£10 £29,999 0.25% £30,000 £59,999 0.35% £60,000 + 0.40% |
£10 £29,999 0.25% £30,000 £59,999 0.30% £60,000 + 0.35% |
|
Cash ISA Issue 2* |
£10 £19,999 0.25% £20,000 £29,999 0.35% £30,000 + 0.40% |
£10 £19,999 0.25% £20,000 £29,999 0.30% £30,000 + 0.35% |
|
Cash ISA* |
£10 £19,999 0.25% £20,000 £29,999 0.35% £30,000 £49,999 0.40% £50,000 + 0.50% |
£10 £19,999 0.25% £20,000 £29,999 0.30% £30,000 £49,999 0.35% £50,000 + 0.40% |
|
*Tax-free means the interest paid is exempt from income tax. **AER stands for Annual Equivalent Rate and illustrates what the interest rate would be if interest was paid and compounded once each year. This will enable you to compare more easily the return you can expect from your savings over time. |
||
|
Account *closed to new business |
Current Rates (variable) Gross*/AER**
Balance from |
New Rates (variable) Gross*/AER**
Balance from |
|
Children’s Clockwork Regular Saver Issue 1 |
£20 + 1.75% |
£20+ 1.50% |
|
Clockwork Regular Saver Issue 2 Clockwork Regular Saver Issue 1* |
£20 + 0.75% |
£20 + 0.60% |
|
*Gross rate quoted is the taxable rate of interest without deduction of income tax. **AER stands for Annual Equivalent Rate and illustrates what the interest rate would be if interest was paid and compounded once each year. This will enable you to compare more easily the return you can expect from your savings over time.
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