C&G Savings

Information on the C&G Savings accounts on this site

These are some of our most popular savings accounts and you can get detailed information about them here.

Currently, the easiest way to open a C&G savings account is to visit a branch where we can complete the application process for you most efficiently. Alternatively, you can call us on 0845 602 0022* and we can send you more information and application forms through the post.

View interest rates for all C&G Savings accounts

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All Savings Accounts

Displaying 10  savings accounts

C&G Bonus Tracker - telephone/postal operation

Main features

  • operates by telephone, as well as letting you pay in money by post or at any C&G branch
  • gives you access to your money without notice
  • offers tiered interest rates - so the more you save, the more you earn
  • rewards you with an attractive bonus for the first six months, with a bigger bonus for existing C&G mortgage customers
  • let's you choose to have your interest paid annually or monthly

Current interest rates on this account

C&G Bonus Tracker with Bonus

Annual interest Gross % iii AER % i Net % ii
With bonus
£50,000+ 4.60 4.35^ 3.68
£25,000 - £49,999 4.45 4.20^ 3.56
£10,000 - £24,999 4.30 4.05^ 3.44
£1,000 - £9,999 4.15 3.90^ 3.32
£100 - £999* 0.50 0.50 0.40
Monthly interest Gross % iii AER % i Net % ii
With bonus
£50,000+ 4.50 4.35^ 3.60
£25,000 - £49,999 4.36 4.20^ 3.48
£10,000 - £24,999 4.21 4.05^ 3.37
£1,000 - £9,999 4.07 3.90^ 3.25
£100 - £999* 0.49 0.50 0.39

Mortgage Customer Loyalty Bonus

Annual interest Gross % iii AER % i Net % ii
With bonus
£50,000+ 4.70 4.40^ 3.76
£25,000 - £49,999 4.55 4.25^ 3.64
£10,000 - £24,999 4.40 4.10^ 3.52
£1,000 - £9,999 4.25 3.95^ 3.40
£0 - £999* 0.50 0.50 0.40
Monthly interest Gross % iii AER % i Net % ii
With bonus
£50,000+ 4.60 4.40^ 3.68
£25,000 - £49,999 4.45 4.25^ 3.56
£10,000 - £24,999 4.31 4.10^ 3.45
£1,000 - £9,999 4.16 3.95^ 3.33
£100 - £999* 0.49 0.50 0.39

C&G Bonus Tracker - without bonus

Annual interest Gross % iii AER % i Net % ii
Without bonus
£50,000+ 4.10 4.10 3.28
£25,000 - £49,999 3.95 3.95 3.16
£10,000 - £24,999 3.80 3.80 3.04
£1,000 - £9,999 3.65 3.65 2.92
£100 - £999* 0.50 0.50 0.40
Monthly interest Gross % iii AER % i Net % ii
Without bonus
£50,000+ 4.02 4.10 3.22
£25,000 - £49,999 3.88 3.95 3.10
£10,000 - £24,999 3.73 3.80 2.98
£1,000 - £9,999 3.59 3.65 2.87
£100 - £999* 0.49 0.50 0.39

C&G Branch 10

Main features

  • Branch-based with a passbook.
  • Lets you add and withdraw money in cash (up to £1,000 a day) or by cheque at any C&G branch.
  • Gives you access to your money without notice and ten free withdrawals a year. After that, there’s a charge equivalent to 10 days’ gross interest on the amount withdrawn.
  • Lets you choose to have your interest paid annually or monthly.

Current interest rates on this account

Annual interest Gross % iii AER % i Net % ii
£1,000+ 3.00 3.00 2.40
£0 - £999 0.85 0.85 0.68
Monthly interest Gross % iii AER % i Net % ii
£1,000+ 2.96 3.00 2.36
£0 - £999 0.84 0.85 0.67

C&G Cash ISA

Main features

  • Tax-free saving in this cash ISA
  • You decide whether you want to run it at a C&G branch or by post
  • No-notice access to your money

Current interest rates on this account

Annual interest Gross % iii AER % i Net % ii
£100+ 4.00 4.00 tax-free iv
Monthly interest Gross % iii AER % i Net % ii
£100+ 3.92 4.00 tax-free iv

No interest is paid on balances below £100

C&G Cheltenham Gold

Main features

  • Branch-based with a passbook.
  • Lets you add and withdraw money in cash (up to £1,000 a day) or by cheque at any C&G branch or through the post.
  • Gives you instant access to your money and free withdrawals.
  • Lets you choose to have your interest paid annually or monthly.

Current interest rates on this account

Annual interest Gross % iii AER % i Net % ii
£25,000+ 0.85 0.85 0.68
£10,000 - £24,999 0.80 0.80 0.64
£0 - £9,999 0.70 0.70 0.56
Monthly interest Gross % iii AER % i Net % ii
£25,000+ 0.84 0.85 0.67
£10,000 - £24,999 0.79 0.80 0.63
£0 - £9,999 0.69 0.70 0.55

C&G Direct Transfer

Main features

  • Operates by telephone, as well as letting you pay in money by post or at any C&G branch
  • Gives you access to your money without notice
  • Offers tiered interest rates - so the more you save, the more you earn
  • Lets you choose to have your interest paid annually or monthly

Current interest rates on this account

Annual interest Gross % iii AER % i Net % ii
£50,000+ 3.05 3.05 2.44
£25,000 - £49,999 3.00 3.00 2.40
£10,000 - £24,999 2.85 2.85 2.28
£100 - £9,999 2.80 2.80 2.24
Monthly interest Gross % iii AER % i Net % ii
£50,000+ 3.00 3.05 2.40
£25,000 - £49,999 2.96 3.00 2.36
£10,000 - £24,999 2.81 2.85 2.25
£100 - £9,999 2.76 2.80 2.21

No interest is paid on balances less than £100.

C&G Guaranteed Branch Saver

Main features

  • You can open an account with £1 or more
  • A rate guarantee until 1 July 2011
  • There’s no notice required to access your money but…
  • Withdrawals are subject to a charge equivalent to 30 days' gross interest on the amount withdrawn
  • It’s a branch-based, passbook-operated account

Current interest rates on this account

Annual interest Gross % iii AER % i Net % ii
£0+ 4.75 4.36== 3.80
Monthly interest Gross % iii AER % i Net % ii
£0+ 4.65 4.36== 3.72

C&G London Account

Main features

  • Operates by post, as well as letting you pay in money at any C&G branch
  • Gives you access to your money without notice and free withdrawals
  • Offers tiered interest rates – so the more you save, the more you earn
  • Lets you choose to have your interest paid annually or monthly

Current interest rates on this account

Annual interest Gross % iii AER % i Net % ii
£100,000+ 2.65 2.65 2.12
£25,000 - £99,999 1.75 1.75 1.40
£10,000 - £24,999 1.30 1.30 1.04
£0 - £9,999 1.00 1.00 0.80
Monthly interest Gross % iii AER % i Net % ii
£100,000+ 2.61 2.65 2.09
£25,000 - £99,999* 1.73 1.75 1.38
£10,000 - £24,999 1.29 1.30 1.03
£0 - £9,999 0.99 1.00 0.79

C&G Reserve Account

Main features

  • Interest rate guarantee linked to Bank of England base rate until 31 January 2009
  • Plus a bonus for the first six months from when you open your account
  • No-notice access to your money
  • Three free withdrawals each year (further withdrawals are subject to a charge equivalent to 45 days' gross interest on the amount withdrawn)
  • Phone-operated, plus you can pay-in at any C&G branch or by post

Current interest rates on this account

Annual interest Gross % iii AER % i Net % ii
With bonus
£50,000+ 5.10 4.67^ 4.08
£100 - £49,999* 0.50 0.50 0.40
Without bonus
£50,000+ 4.25 4.25 3.40
£100 - £49,999* 0.50 0.50 0.40
Monthly interest Gross % iii AER % i Net % ii
With bonus
£50,000+ 4.98 4.67^ 3.98
£100 - £49,999* 0.49 0.50 0.39
Without bonus
£50,000+ 4.16 4.25 3.33
£100 - £49,999 0.49 0.50 0.39

Annual interest rates shown above 'with bonus' include a 0.85% bonus for the first six months.

C&G Reward Saver - telephone/postal operation

Main features

  • An account that operates by post and telephone, plus you can pay-in money at any C&G branch
  • No-notice access to your money
  • Tiered interest rates - the more you save, the more you earn
  • Attractive bonus for the first six months
  • You can open an account with £1,000 or more

Current interest rates on this account

C&G Reward Saver 0 - 2 Withdrawals

Annual interest Gross % iii AER % i Net % ii
With bonus
£25,000+ 4.95 4.60^ 3.96
£1,000 - £24,999 4.75 4.40^ 3.80
£0 - £999* 0.50 0.50 0.40
Without bonus
£25,000+ 4.25 4.25 3.40
£1,000 - £24,999 4.05 4.05 3.24
£0 - £999* 0.50 0.50 0.40

C&G Reward Saver 3 - 6 Withdrawals

Annual interest Gross % iii AER % i Net % ii
With bonus
£25,000+ 4.20 3.85^ 3.36
£1,000 - £24,999 4.00 3.65^ 3.20
£0 - £999* 0.50 0.50 0.40
Without bonus
£25,000+ 3.50 3.50 2.80
£1,000 - £24,999 3.30 3.30 2.64
£0 - £999* 0.50 0.50 0.40

C&G Reward Saver 7 - 12 Withdrawals

Annual interest Gross % iii AER % i Net % ii
With bonus
£25,000+ 3.45 3.10^ 2.76
£1,000 - £24,999 3.25 2.90^ 2.60
£0 - £999* 0.50 0.50 0.40
Without bonus
£25,000+ 2.75 2.75 2.20
£1,000 - £24,999 2.55 2.55 2.04
£0 - £999* 0.50 0.50 0.40

C&G Reward Saver 13+ Withdrawals#

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.

C&G Young Investor

Main features

  • Branch-based with a passbook
  • Interest rate guaranteed to be no lower than 1% below the Bank of England base rate
  • Instant access withdrawals, which must be for the child’s benefit, at any C&G branch
  • Interest is paid annually
  • A special gift for the child – an alarm clock to get them going in the morning and a moneybox to help them save

Current interest rates on this account

Annual interest Gross % iii AER % i Net % ii
£0+ 3.85 3.85 3.08

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 Guaranteed Branch Saver reflects the charge levied when withdrawals are made

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%).

iv The interest we pay is exempt from income tax provided that you have complied with the relevant legislation.

^ The AER for the C&G Bonus Tracker and C&G Reserve Account reflects the 6 month bonus payable following account opening.

# 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 (other than fixed-rate accounts during the period of the fixed rate and C&G Bonus Tracker where the rates are guaranteed to track the Bank of England base rate). If you have one of the accounts shown and 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.

Next steps:

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Call us on 0845 602 0022*
8.45am-5pm Monday to Friday
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Guaranteed Branch Saver