From 16th May 2024 we will be reducing the variable interest rate on the Online Instant Access (Issue 1) account from 4.95% to 4.81% Gross/AER*.
We consider many factors when reviewing the pricing of our savings accounts which includes the monitoring of market conditions whilst ensuring we provide our customers with fair value on their savings.
In accordance with the terms and conditions of the account, we have notified customers of the rate reduction on 16th May 2024, and we will send a further reminder closer to this date.
This may be a good opportunity to review your account to ensure that it still meets your needs by viewing our latest products and rates at harpendenbs.co.uk/savings, visit one of our friendly branches, or call us on 01582 765 411 Monday to Friday between 9am and 5pm.
*AER stands for annual equivalent rate and illustrates what the rate would be if interest was paid and compounded once a year. Your tax treatment will depend on your individual circumstances and may be subject to change in the future. The rate of interest payable on variable rate accounts may be subject to change in the future.