Business Savings variable interest rate changes

We’re making changes to some of our business savings interest rates. These changes will come into effect from 30 August 2023.

Please see below to find out what your new interest rate will be.

Business Customer Interest Rates from 30 August 2023
Account Type Issue Number Annual AER Annual Gross p.a. Monthly AER Monthly gross p.a.
Business Instant Saver
9-10
2.25%
2.25%
2.22%
2.20%
LA Instant Saver
4
2.25%
2.25%
2.22%
2.20%
Business 35 Day Saver
2
3.10%
3.10%
3.09%
3.05%
LA 35 Day Saver
2
3.10%
3.10%
3.09%
3.05%
Business 45 Day Saver
2
3.15%
3.15%
3.14%
3.10%
Members 45 Day Saver
1
3.15%
3.15%
3.14%
3.10%
Business 95 Day Saver
11
3.80%
3.80%
3.82%
3.75%
Business 125 Day Saver
4
3.90%
3.90%
3.92%
3.85%
Maturity Reserve
2
2.25%
2.25%
2.22%
2.20%

You can find the account type or issue number for your account on your latest statement. 

*AER stands for Annual Equivalent Rate and illustrates what the interest rate would be if interest was paid and also added to the previously earned interest once each year.