St. James's Place Bank isaver - online only

0.01% gross/AER variable. Enjoy the speed and convenience of managing your savings online with easy access to your money.

St. James's Place Bank isaver is an easy access variable rate savings facility operated online. Minimum deposit of £1.00.

We aim to give you sufficiently clear and relevant information, at the right time so that you can easily and quickly compare different savings products.

Summary Box

  • isaver

  • We pay a variable rate of interest on this facility, as shown in the table below.

    isaver

    Annual Interest

    Monthly Interest

    isaver

    £1+

    Annual Interest

    0.01% Gross / AER

    Monthly Interest

    0.01% Gross / AER

    • For the latest information about interest rates, please visit our savings homepage
    • Interest is paid annually or monthly on the key date, which is a date that you can choose in line with the conditions. You must have the same key date for all the facilities in your St. James's Place Bank account.
  • Yes. We can move the interest rate up or down at any time. For example when the Bank of England base rate changes we will review our rates. We will tell you in advance, your conditions explain when and how we will do this.

  • Below is an example of what the future balance might be, after interest has been paid.

    Annual Interest

    Annual Interest

    Monthly Interest

    Monthly Interest

    Annual Interest

    Illustrative initial deposit amount

    Annual Interest

    Gross rate

    Monthly Interest

    Illustrative balance after 12 months

    Monthly Interest

    Gross rate

    Illustrative balance after 12 months

    Annual Interest

    £1,000

    Annual Interest

    0.01%

    Monthly Interest

    £1,000.10

    Monthly Interest

    0.01%

    £1,000.10

    This example assumes that:

    • You don't withdraw any money and interest is not paid out of the a facility.
    • The interest rate stays the same.
    • You make your initial deposit payment on the day you open the facility and you don't make any further deposits.
    • Your first account will be opened by your relationship partner.
    • You can open subsequent accounts over the phone.
    • You can manage your account online.
    • This facility can only be opened in a sole name.
    • You must be 16 or over and a UK resident.
    • The minimum opening deposit is £1.
    • Yes. You can make withdrawals from your facility.
    • You can close your facility at any time.
    • Gross rate means we will not deduct tax automatically from the interest we pay on money in your account. It is your responsibility to pay any tax you may owe to HM Revenue and Customs (HMRC).
    • AER stands for Annual Equivalent Rate and illustrates what the interest rate would be if interest was paid and compounded once each year. As every advertisement for a savings product which quotes an interest rate will include an AER, it makes it easier for you to compare what return you can expect from your savings over time.

The St. James's Place Bank isaver gives you lots of benefits, including:

  • View your balance and transfer money with our easy to use online banking service - 24 hours a day;
  • A simple product with no short term bonus or withdrawal restrictions;
  • Top up your savings whenever you want;
  • Start saving from as little as £1 - no maximum deposit;
  • If you are an existing St. James's Place Bank offset mortgage client, you can offset any of your savings facilities against your mortgage.

Do consider if:

  • You are happy banking online.**

Do not consider if:

  • You do not want to bank online.

* Online access only unless directed by us to do otherwise. Only available to over 16s.
** Mobile phone required to set up a payment instruction using online banking.