While you earn interest on your savings and have instant access to your money we will use your money to change people’s lives for the better.
*AER stands for Annual Equivalent Rate. It illustrates what your interest rate would be if interest was paid and compounded each year and allows you to easily compare different savings accounts. As every advertisement for a savings product, which quotes an interest rate, will contain an AER you will be able to compare more easily what return you can expect from your savings over time.
What is the interest rate?
Can Reliance Bank change the interest rate?
What would the estimated balance be after 12 months based on a £1,000 deposit?
On a deposit of £1,000, the estimated balance would be £1,013.57. This is based on:
How do I open and manage my account?
Can I withdraw money?
Additional information
*AER stands for Annual Equivalent Rate. It illustrates what your interest rate would be if interest was paid and compounded each year and allows you to easily compare different savings accounts. As every advertisement for a savings product, which quotes an interest rate, will contain an AER you will be able to compare more easily what return you can expect from your savings over time
**Gross rate means that credit interest is paid without income tax being deducted.
Rates and information correct at 31/03/2023.
We are proud to be the bank of The Salvation Army International. Find out more about our shared history.
We are proud to be the bank of The Salvation Army International. Find out more about our shared history.