With our savings accounts, any growth will be related to the interest rate you earn on your account.
看黄神器免app免vip_免费的黄神器手机安卓_黄 色带 app免费试看Investing makes your money work harder and the potential rewards are higher. But there is a risk that you may lose some or even all of your money.
Instant–access accounts mean you can get at your savings whenever you want to, while fixed–term accounts may require you to lock your money away for a period of time. Depending on the type of accounts, some may offer tiered rates of interest – so the more you save, the more you'll earn.
If you want to save a regular amount each month, there are also accounts to help you with this.
Tax on savings
From 6 April 2016, you’ll receive your savings interest without tax deducted.
If you’re a UK taxpayer, you will have a tax-free Personal Savings Allowance (PSA) of £1,000 (or £500 for higher rate taxpayers and £0 for additional-rate taxpayers) on the interest that you earn on your savings.
Any interest you earn above your PSA will be subject to tax. It will be your responsibility to ensure that any tax due on interest payments received is paid to HM Revenue & Customs (HMRC).
Please note your PSA applies to the total interest you earn from all banks/building societies, not just interest from us, with the exception of ISAs, which continue to be free from UK tax for eligible customers.
Please also note that tax liability on interest applies in the tax year it is paid, which may be different to the tax year(s) in which interest has accrued.
If you’ve paid tax on your savings in a previous tax year and you think you shouldn’t have, you’ll need to complete an . Visit for more information.
Thinking of investing? You could try Smart Investor, our new online direct-investing service. It makes investing easy and puts you in control.
看黄神器免app免vip_免费的黄神器手机安卓_黄 色带 app免费试看Remember, the value of investments can fall as well as rise and you may get back less than you invest. Smart Investor doesn’t offer advice. If you’re not sure about investing, seek independent advice. Tax rules may change in the future and any benefits to you depend on your individual circumstances.
Want to know more?
Read our guide to ISAs, learn about Child Trust Funds看黄神器免app免vip_免费的黄神器手机安卓_黄 色带 app免费试看 and discover .