The interest you’ll earn on your bank account balance is fixed for a year, starting from the date you opened your account. After this, it’ll become a variable rate, which means it can go up or down.  

If, after a year, we plan to reduce your rates, we’ll give you at least 2 months’ notice before doing so. If we’re increasing your rate, we’ll apply the increase straight away and drop you an email to let you know about the change.