What to know about interest rate changes on Instant Access Savings Pots

The interest rate on your Instant Access Savings Pot is variable. This means it can change from time to time.

If the rate changes, we’ll let you know and explain:

You don’t need to do anything, as any change will be applied automatically. If we reduce your rate, we’ll always give you at least 14 days’ notice. If we increase your rate, the new rate will be applied automatically straight away.

Because the rate is variable, we may review it and change it over time.

This could mean the rate goes up or down.

If the interest rate on your Instant Access Savings Pot changes, we’ll let you know before or when the change happens, depending on the type of change.

We’ll explain the new rate and when it applies, so you know exactly what’s changing.

Any change is applied automatically.

You can also check your account details and documents in the app for more information.