We are decreasing the interest rates on the following savings accounts:
Online 60 Days’ Notice
From 15th August 2024 the variable interest rate will decrease from 5.00% to 4.81% Gross/AER*.
In accordance with the terms and conditions of the account, we have notified customers of the rate reduction on 15th August 2024, and we will send a further reminder closer to this date.
18 Club Account
From 1st July 2024 the variable interest rate will decrease from 5.30% to 5.15% Gross/AER*.
In accordance with the terms and conditions of the account, we have notified customers of the rate reduction on 1st July 2024, and we will send a further reminder closer to this date.
90 Days’ Notice
From 1st July 2024 the variable interest rate will decrease from 5.30% to 5.15% Gross/AER*. There will also be a further decrease on the 90 Day Notice account from 13th September 2024.
This means that a 90 Days’ Notice account will be earning:
• 5.15% Gross/AER from 1st July 2024 up to and including 12th September 2024
• and 4.95% Gross/AER from 13th September 2024 thereafter
In accordance with the terms and conditions of the account, we have notified customers of the rate reduction on 1st July 2024 and 13th September 2024, and we will send a further reminder closer to this date.
Online ISA (Issue 1 and Issue 2)
From 14th June 2024 the variable interest rate will decrease from 5.01% to 4.80% Gross/AER*.
In accordance with the terms and conditions of the account, we have notified customers of the rate reduction on 14th June 2024, and we will send a further reminder closer to this date.
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.
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.