Savings Builder

Regular Savings Account

Savings Builder

Earn up to 1.5% AER/Gross p.a. (variable) interest including conditional bonuses when you grow your savings by £100 or more each month

 You can open the account with just £1

Earn bonus interest for saving regularly

Take your money out whenever you like  

Open a savings account today
A savings account that rewards you for saving regularly
Instant access to your savings

You can save as much or as little as you want (from £1) and take your money out whenever you like.

Bonus interest for saving regularly

Our Savings Builder rewards you for saving regularly by giving you bonus interest every month you grow your balance by £100 or more.

Flexibility when you need it

You don’t have to put in £100 every month. If you don't it just means you won’t earn the bonus interest for that month and the lower rate of 0.10% AER/Gross p.a. will apply. If you grow your balance by at least £100 the following month, you’ll get your bonus interest again.

Online, by phone or in branch

You can manage your account in whichever way suits you, the choice is yours. Our telephony and branch staff will be happy to help, or our award winning apps are at your fingertips.

Important information and documents:

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Interest rate information


Balance grows by less than £100 a month: bonus condition is not met

AER/Gross p.a. (variable)

Balance grows by at least £100 a month: bonus condition is met

AER/Gross p.a. (variable)

£1 - £5,000 0.10% 1.50% (includes 1.40% bonus)
£5,001 - £10,000 0.10% 1.00% (includes 0.90% bonus)
Over £10,000
0.20% (includes 0.10% bonus)


We pay interest on the above tiers on a stepped basis, which means you'll earn a different rate on each portion of your balance within the tiers. Interest is calculated daily and paid on the first business day of the month. You can find details of the bonus condition and other key information in the Savings Builder Account Information Sheet below.


Will the interest rate change? The interest rate is variable, so it can go up as well as down.


Annual Equivalent Rate (AER). This is a notional rate used for interest bearing accounts which illustrates the interest rate if paid and compounded each year. It helps you to compare the effective rates of credit interest on different accounts.

Gross Rate. This means the interest rate you are paid without the deduction of basic rate income tax.

p.a. - per annum (per year). Our mobile app is available on most smartphones with a UK mobile number.

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You must be 16 or over to open this account

You must be 16 or over to open a Savings Builder. You can hold a maximum of 2 Savings Builder accounts - one in your sole name, and one in joint names with another person.


Get into a savings habit

Whatever you're saving for, a new car, your dream holiday or a rainy day, it's easy to get into the habit of putting away a bit of cash each month. We have a range of quick tips and tools to help you get started.

Savings top tips and tools
Tools to help you save more

Our savings calculator and tools make it easy for you to find out how much you could be putting away each month. They show you what you’re spending your money on, and how you could make it go further.  

Ready to open a Savings Builder?
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