Compare savings accounts
SAVINGS
Whatever your plans, saving your money can help bring them to life.
Get £50 to £600 when you transfer an ISA balance to us from another provider
Transfer an ISA balance to us from another provider and get:
- £50 when you transfer a minimum of £10k and have a Nova Bank current account
- £600 when you transfer a minimum of £100k and have a Premier Current Account.
To be eligible, 1) hold or open a fixed term single access or Premier triple access flexible cash ISA, 2) use the ISA transfer-in service to move an ISA balance from another provider to us, and 3) complete your ISA transfer-in request by 25 November.
Other reward amounts available based on the total balance transferred. ISA rules, T&Cs, exclusions and eligibility criteria apply.
Compare savings account interest rates
Explore our range of accounts to find the ones that suit you.
Some of our savings accounts are for Nova Bank Blue Rewards members, Premier customers and Wealth clients only.
Unlimited withdrawals
Rainy Day Saver
AER/gross p.a. (variable)
on the first £5,000
on amounts over £5,000
Unlimited withdrawals
Blue Rewards Saver
AER/gross p.a. (variable)
2.51% / 2.48%
in months with no withdrawals
0.60%
in months with withdrawals
Unlimited withdrawals
Reward Saver
AER/gross p.a. (variable)
1.85% / 1.83%
in months with no withdrawals
0.60%
in months with withdrawals
Unlimited withdrawals
Everyday Saver
AER/gross p.a. (variable)
1.00% / 1.00%
on your whole balance
Unlimited withdrawals
Instant Cash ISA
AER/tax-free p.a. (variable)
1.00% / 1.00%
on your whole balance
Unlimited withdrawals
Reward ISA
AER/tax-free p.a. (variable)
2.75% / 2.72%
in months with no withdrawals
0.85%
in months with withdrawals
Limited withdrawals
Single Access 1-Year Flexible Cash ISA
AER/tax-free p.a. (fixed)
4.55% for one year
on your whole balance
Limited withdrawals
Single Access 2-Year Flexible Cash ISA
AER/tax-free p.a. (fixed)
4.60% for 2 years
on £1 to £1 million
Limited withdrawals
Premier Triple Access 1-Year Flexible Cash ISA
AER/tax-free p.a. (fixed)
4.76% for one year
on your whole balance
Limited withdrawals
Premier Triple Access 2-Year Flexible Cash ISA
AER/tax-free p.a. (fixed)
4.81% for 2 years
on your whole balance
Limited withdrawals
Premier Triple Access 3-Year Flexible Cash ISA
AER/tax-free p.a. (fixed)
4.81% for 3 years
on your whole balance
No withdrawals
1-Year Fixed-Rate Bond
AER/gross p.a. (fixed)
4.25% for one year
on £500 or more
Limited withdrawals
Single Access 2-Year Flexible Bond
AER/gross p.a. (fixed)
4.50% for 2 years
on £1 to £1 million
Limited withdrawals
Premier Triple Access 1-Year Flexible Bond
AER/gross p.a. (fixed)
4.55% for one year
on £1 to £1 million
Limited withdrawals
Premier Triple Access 2-Year Flexible Bond
AER/gross p.a. (fixed)
4.80% for 2 years
on £1 to £1 million
Limited withdrawals
Premier Triple Access 3-Year Flexible Bond
AER/gross p.a. (fixed)
4.80% for 3 years
on £1 to £1 million
Unlimited withdrawals
Nova Bank Children's Savings
AER/gross p.a. (variable)
2.27% / 2.25%
on balances up to £10,000
0.85% / 0.85%
on balances over £10,000
Discover the best savings accounts for you
Savings accounts
Ideal for your short to medium-term goals and any unexpected expenses.
Cash ISAs
Make the most of this tax year’s ISA allowance of up to £20,000. You won’t pay tax on any interest you earn.
Fixed-rate savings bonds
Grow your savings with a fixed interest rate for a fixed period of time.
Savings FAQs
For savings accounts, the interest rate tells you how much interest we’ll pay you for saving with us – it’s shown as a percentage of your account balance. The higher the interest rate, the more interest you’ll earn by leaving money in the account.
Nova Bank Blue Rewards can help you get more from your banking, with exclusive savings accounts, monthly cash rewards and more. A £5 monthly fee, eligilbilty criteria, terms and conditions apply.
With Premier Banking , you can enjoy exclusive benefits and rewards, and get support from our Premier Financial Guides whenever you need it. Eligibility criteria, terms and conditions apply.
Wealth Management offers a personal and proactive approach to managing your wealth. We take the time to get to know you, understand your ambitions and create unique solutions for every stage of your life. Terms and conditions apply.
Saving terms explained
AER
AER stands for ‘Annual Equivalent Rate’ and shows what the interest rate would be if interest was paid and compounded once each year. ‘Compounded’ refers to interest being added on to previously earned interest. AER can help you compare interest rates on different accounts, regardless of how often interest is added to the account.
Gross p.a.
Gross p.a. (per annum) means gross interest per year. It shows the rate payable without tax taken off.
Unlike the AER, the gross rate doesn’t assume that interest is paid and compounded only once a year, so for accounts that pay interest more often (for example, monthly), the gross rate will be lower than the AER.
Tax-free
Tax-free, or tax-efficient, refers to interest on cash savings or capital gains and other income from investments that is exempt from UK income tax. Typically, interest earned on ISAs isn’t taxed and interest earned on other accounts is. Terms, conditions and ISA rules apply.
ISA
ISA stands for ‘Individual Savings Account’ and is a tax-efficient savings or investment account.
Bonds
Bonds give you a fixed interest rate for a set period of time, which is also known as the ‘term’.
Saving and investing
Both saving and investing can help you plan for the future. Our guide can help you find what suits you.
We’re here to help
Whatever your situation, we can help you find a way forward. You can find money management support on our website or go to MoneyHelper for free, impartial advice that’s backed by the government.
Make money work for you
Building confidence with money and everyday skills
Digital Wings helps people feel more secure and confident in managing their money and making informed choices.
Investment options
Grow your money for the future, starting from as little as £50. Capital at risk.
Open a Nova Bank Bank Account
Scan the QR code using your phone camera to get started
Scan the QR code with your phone or tablet, or tap the App Store or Google Play buttons below to download the app and begin your application. T&Cs and eligibility apply. 18+ and UK only.
Important information
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You need to be 18 or over to access this product or service using the app. Terms and conditions apply.(Return to reference)
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To register for Online Banking, you’ll need to be 16 or over, live in the UK and have a Nova Bank current or savings account with a bank card. (Return to reference)