If you can leave your savings alone, the C&G Reward Saver could be for you: the fewer withdrawals you make, the higher the interest rate will be and the more you save, the more interest you’ll earn. What’s more, to welcome you to your account, we’ll give you an attractive bonus of 0.70% for the first six months.
You can open an account with £1,000 or more. You’ll see from the table below, the C&G Reward Saver has tiered interest rates so the more you save, the more you can earn in interest. Also, although you don’t need to give us any notice to withdraw your money, you’ll earn the most interest if you make no more than two withdrawals a year.
To open an account, visit any C&G branch. You can also do it by post: call us on 0845 602 0022* and we’ll send you an application form.
| Annual interest | Gross % iii | AER % i | Net % ii |
|---|---|---|---|
| With bonus | |||
| £25,000+ | 5.45 | 5.10^ | 4.36 |
| £1,000 - £24,999 | 5.25 | 4.90^ | 4.20 |
| £0 - £999* | 0.50 | 0.50 | 0.40 |
| Without bonus | |||
|---|---|---|---|
| £25,000+ | 4.75 | 4.75 | 3.80 |
| £1,000 - £24,999 | 4.55 | 4.55 | 3.64 |
| £0 - £999* | 0.50 | 0.50 | 0.40 |
| Annual interest | Gross % iii | AER % i | Net % ii |
|---|---|---|---|
| With bonus | |||
| £25,000+ | 4.70 | 4.35^ | 3.76 |
| £1,000 - £24,999 | 4.50 | 4.15^ | 3.60 |
| £0 - £999* | 0.50 | 0.50 | 0.40 |
| Without bonus | |||
|---|---|---|---|
| £25,000+ | 4.00 | 4.00 | 3.20 |
| £1,000 - £24,999 | 3.80 | 3.80 | 3.04 |
| £0 - £999* | 0.50 | 0.50 | 0.40 |
| Annual interest | Gross % iii | AER % i | Net % ii |
|---|---|---|---|
| With bonus | |||
| £25,000+ | 3.95 | 3.60^ | 3.16 |
| £1,000 - £24,999 | 3.75 | 3.40^ | 3.00 |
| £0 - £999* | 0.50 | 0.50 | 0.40 |
| Without bonus | |||
|---|---|---|---|
| £25,000+ | 3.25 | 3.25 | 2.60 |
| £1,000 - £24,999 | 3.05 | 3.05 | 2.44 |
| £0 - £999* | 0.50 | 0.50 | 0.40 |
| Annual interest | Gross % iii | AER % i | Net % ii |
|---|---|---|---|
| With bonus | |||
| £25,000+ | 0.50 | 0.50 | 0.40 |
| £1,000 - £24,999 | 0.50 | 0.50 | 0.40 |
| £0 - £999 | 0.50 | 0.50 | 0.40 |
| Without bonus | |||
|---|---|---|---|
| £25,000+ | 0.50 | 0.50 | 0.40 |
| £1,000 - £24,999 | 0.50 | 0.50 | 0.40 |
| £0 - £999 | 0.50 | 0.50 | 0.40 |
Annual interest rates shown above 'with bonus' include a 0.70% bonus for the first six months.
i AER stands for Annual Equivalent Rate and illustrates what the interest rate would be if interest was paid and compounded once each year.
^ The AER for the C&G Reward Saver reflects the 6 month bonus payable following account opening.
ii Net interest is paid or credited after deduction of income tax at the lower rate of 20%.
iii Gross interest is the rate payable before the deduction of income tax and can only be paid or credited subject to the required certification. Interest cannot be paid gross to individuals not ordinarily resident in the UK for tax purposes. Individuals whose income falls within the basic rate band will have no more tax to pay on their interest. Individuals who are higher rate taxpayers will have to pay the extra tax due on their interest (the difference between tax deducted at 20% and the higher rate of 40%).
# Once 13 withdrawals have been made in a year, a fixed default rate of interest will apply.
* Interest rates for this tier are the default rates paid when the account balance falls below the minimum stated balance.
We may change the rates on this account at any time. If we change the rate, we will tell you using at least one of the ways set out in your account's conditions.
Rate changes to a C&G account or to other generally available accounts can affect an account's relative competitiveness and we do not promise that our rates will be better than those available elsewhere. If your balance falls below the minimum shown in the tables, please refer to the conditions of that account or ask for details.
Products and rates can change frequently and without notice, therefore please reload the page if viewing offline or through stored information on your computer.
The following important information for the C&G Reward saver product should be read in conjunction with the C&G savings handbook.
Interest is paid annually, either:
The C&G Reward Saver has tiered interest rates which means the more you save, the more you can earn. You earn our highest rates if you make no more than two withdrawals a year. Interest rates reduce if you make three to six withdrawals a year, and reduce again if you make seven to twelve. A default rate will apply if thirteen or more withdrawals are made per year or if the balance falls below £1000.
For the first six months from opening a C&G Reward Saver, you'll get an attractive bonus of 0.70%.
A C&G Reward Saver can be just in your name, or it can be a joint account with one other person. You can open a C&G Reward Saver account if you are aged 18 or over. You must be saving as individuals (not on behalf of a company, club, charity, trust etc) and your permanent home must be in the UK.
You can only hold one C&G Reward Saver at any time whether it's in your sole name or joint names. If you close your C&G Reward Saver, you will be unable to open another C&G Reward Saver for six months.
Saving at a branch -click here
Saving by post - click here
Additions and withdrawals - click here
Telephone Transaction Service - click here
ID requirements - click here
The clearing cycle - click here
The Banking Code -click here
What if I change my mind? - click here
Closing an account - click here
Dormant accounts - click here
Direct Debit Guarantee - click here
C&G Savings is a division of Lloyds TSB Bank plc.
Lloyds TSB Bank is authorised and regulated by the Financial Services Authority (FSA). Our FSA register number is 119278. You can check the FSA's register by visiting their website or by contacting them on 0845 606 1234. Lloyds TSB Bank is registered in England and Wales at 25 Gresham Street, London EC2V 7HN, our company number is 2065.
*We may monitor and/or record telephone calls in case there's a need to check that your instructions have been carried out correctly and to help improve our service quality.
