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Savings Pots rates
Savings Pots
Current rates for existing customers
Accounts opened from 7 December 2025
| Amount invested | For Spend & Save Savings Pots Gross/AER% |
For Spend & Save Plus Savings Pots Gross/AER% |
|---|---|---|
| £1+ | 1.68%/1.70% | 1.78%/1.80% |
These interest rates are correct as at 07/12/2025. Interest is calculated each day and paid monthly. These are the rates you'll receive once your bonus has ended.
If you downgrade from a Spend & Save Plus account to a Spend & Save account you will receive a lower interest rate on your Savings Pot(s).
If you upgrade from a Spend & Save account to a Spend & Save Plus account you will receive a higher interest rate on your Savings Pot(s).
Current rate for existing customers on bonus
| Date Savings Pots was opened or renewed | Balance | For Spend & Save Savings Pots Gross/AER% |
For Spend & Save Plus Savings Pots Gross/AER% |
Interest rates are correct as at date |
|---|---|---|---|---|
| Between 3 July 2025 and 6 December 2025 | £1+ | 2.17%/2.20% | 2.27%/2.30% | 07/12/2025 |
| Between 29 April 2025 and 2 July 2025 | £1+ | 2.67%/2.70% | 2.77%/2.80% | 07/12/2025 |
| Before 29 April 2025 | £1+ | 3.18%/3.22% | 3.28%/3.32% | 07/12/2025 |
Explanation of terms
AER stands for Annual Equivalent Rate. It illustrates what your interest rate would be if interest was paid and compounded each year and allows you to easily compare different savings accounts. As every advertisement for a savings product, which quotes an interest rate, will contain an AER you will be able to compare more easily what return you can expect from your savings over time.
Gross rate means that credit interest is paid without income tax being deducted.
