We’ve updated our Savings Accounts and Account Access Channels Terms & Conditions to reflect some changes to our products, effective 25 March 2026.
What’s changed?
- Clearer information about how interest works (Section 12: Interest)
We’ve rewritten this section to make it easier to understand how we calculate and apply interest across different account types. These updates are for clarity only – they don’t change how you earn interest. - A new product added: the Momentum Account (Section 21: Momentum Account)
We’ve introduced the Momentum Account, designed for customers aged 55+. It’s an everyday account that also lets you earn a stepped interest rate on your balance. You can find the full details under Special Conditions of Savings and Transaction Accounts. - Updates to the & Retirement Account (Section 39: & Retirement Account)
We’ve made some updates to better explain how we will continue to manage this account. As the account is no longer available for new customers, it now appears under Products no longer for sale. - General updates and clarifications
We’ve made some small updates to improve clarity and reflect our current products and services.