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.  

If you have a Regular Saver pot, that rate can change after 12 months of opening, too. One point of difference is that we’ll give 14 days’ notice if we’re going to reduce the rate. You can find out more about the Regular Saver rate here.