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.