What is the Simple Saver reward rate?

You can earn a reward rate of 1% (variable) on top of the underlying rate of 2.40% AER (variable) for your Simple Saver, giving you a total reward rate of 3.40% AER (variable).

You’ll earn this reward rate if you have a balance above £0 in a qualifying Moneybox account (ISA, Lifetime ISA, Junior ISA, or Pension), or you have a Reward Savings Account. You’ll continue to earn the reward rate for as long as you meet this eligibility criteria.

If your balance in your Lifetime ISA drops to £0, you are eligible to keep the reward rate for 12 months or until a later period at our discretion. We’ll give you 14 days notice if this changes.

Once you qualify for the reward rate, you’ll start earning 3.40% the next working day, and will receive an email to confirm. 

You’ll need to make sure you’re on the latest app version to see your reward rate reflected in the app.