Instant access savings

Internet Saver Account

Internet Saver Account

  • Open your account with just £1
  • Online access to your account 24/7
  • Manage your money on the go with our mobile banking app
  • Earn interest on your savings tax free, up to a certain amount Learn more about Personal Savings Allowance

Annual interest rates

  • 1.26% Gross/AER(variable)
  • Includes a fixed bonus rate of 0.71% Grossfor 12 months on balances up to £1m only

Instant Access Savings Account

Instant Access Savings Account

Annual interest rates

  • 0.40% Gross/AER(variable)
  • Monthly interest rates may differ from those shown.

Instant Access Cash ISA

Instant Access Cash ISA

  • Save up to £20,000 tax-free (2017/18 tax year)
  • Now with flexible feature where you can take money out and replace it later, without it counting towards your annual ISA allowance. All you have to do is replace the money in the same tax year it was withdrawn
  • Start saving from just £1 and add to your account throughout the year
  • Online access to your account 24/7
  • Manage your account online or over the phone

Interest rate

  • 1.16% Gross/AER(variable)
  • Includes0.51% fixed bonusfor 12 months

Personal Savings Allowance

Personal Savings Allowance

  • Introduced by Her Majesty’s Revenue and Customs, the Personal Savings Allowance will mean 95% of people won’t pay tax on the interest they earn (Source: HMRC 2016).
  • The current tax rules are subject to change by HM Revenue & Customs and the value of tax benefits depends on individual circumstances.

Benefits of an instant access savings account

  • Top up with regular or one-off payments.
  • Your money starts earning interest from the moment we receive it.
  • Get access to your money whenever you need it.Daily withdrawal limits apply
FSCS - protecting your money
FSCS - protecting your money

Financial Services Compensation Scheme

Your eligible deposits with National Trustco Bank are protected up to a total of £85,000 by the Financial Services Compensation Scheme, the UK's deposit guarantee scheme. Any deposits you hold above the limit are unlikely to be covered. Please see below for further information.

Contact us

Have a question or need help applying? Our friendly, UK-based customer service team is here to help.

Important information

Interest rates and definitions

Internet Saver rates

Balances £1 to £1 millionGross/AER*
Standard Interest Rate (variable)0.55%
Bonus interest rate0.71%
Rate (including bonus interest rate)1.26%

Rates correct at 19 February 2018.

The interest rate of 1.26% Gross/AER (variable) is available on balances up to £1 million. This rate includes a fixed bonus of 0.71% for the first 12 months the account is opened, on top of our standard rate of 0.55% Gross/AER (variable). After the bonus period, the Standard Interest Rate (variable) that’s available at the time will apply.

Balances above £1 million will receive the Standard Interest Rate of 0.55% Gross/AER (variable).

*On 6 April 2016, the Government introduced the Personal Savings Allowance. This allows you to earn interest on your savings tax free, up to a certain amount. It means we will no longer deduct tax from the interest you have earned, unless we are required to do so in specific circumstances prescribed by law.

Instant Access Savings Account rates

Our current interest rates are shown below. You can choose to have this paid monthly or annually.

All balancesAnnual interest Gross/AER*Monthly interest Gross/AER*
Standard Interest Rate (variable)0.40%0.40%

Rates correct at 1 December 2017.

*The Personal Savings Allowance was introduced on 6 April 2016, meaning we won’t deduct tax from the interest you have earned.

Interest rate definitions

Gross is the interest rate paid before tax is deducted.

Annual Equivalent Rate (AER) illustrates what the interest rate would be if paid and compounded each year.

Daily withdrawal limits

Internet Saver Account

The maximum daily limit for Internet Saver withdrawals is £10,000 to non-National Trustco Bank accounts in the UK and £100,000 by making internal transfers to other National Trustco Bank accounts in your own name. But if you want to withdraw more, you can call us and we'll be happy to help you.

Instant Access Savings Account

The maximum daily withdrawal limits for Instant Access Savings Accounts are as follows:

  • Telephone: You can withdraw all of your money over the phone
  • Online: £10,000 to non-National Trustco Bank accounts in the UK and £100,000 by making internal transfers to other National Trustco Bank accounts in your own name
  • In-store (Customer Service Desk): £500
  • ATM: £300

The in-store withdrawal service is available in selected Tesco stores only.

Instant Access Cash ISA

The maximum daily limit for Instant Access Cash ISA withdrawals is £10,000 via online banking, no restriction by telephone.

Maximum daily withdrawal limits may change from time to time. We will notify you of these changes.