Variable Rate Accounts

If you prefer not to tie up cash for fixed periods at fixed rates, Hodge Bank offers a choice of accounts that pay interest at a variable rate, depending upon the balance in the account. These are usually run alongside your current account at your existing bank and transfers are made via CHAPS or BACS. For security purposes we will not make third party payments and settlement instructions will be agreed in advance.


90 Day Notice Deposit Account

Amount
Gross Rate* - interest paid annually
Gross Rate* - interest paid monthly
AER†
Notice Period
Product £50,000+
Gross Rate* - interest paid annually 0.85%
Gross Rate* - interest paid monthly 0.85%
AER† 0.85%
Notice Period 90 Days
Product £10,000+
Gross Rate* - interest paid annually 0.85%
Gross Rate* - interest paid monthly 0.85%
AER† 0.85%
Notice Period 90 Days
Product £5,000+
Gross Rate* - interest paid annually 0.50%
Gross Rate* - interest paid monthly 0.50%
AER† 0.50%
Notice Period 90 Days
Product £1,000+
Gross Rate* - interest paid annually 0.10%
Gross Rate* - interest paid monthly 0.10%
AER† 0.10%
Notice Period 90 Days
Product Below £1,000
Gross Rate* - interest paid annually n/a
Gross Rate* - interest paid monthly n/a
AER† n/a
Notice Period 90 Days

8 Day Notice Deposit Account

Amount
Gross Rate* - interest paid annually
Gross Rate* - interest paid monthly
AER†
Notice Period
Product £50,000+
Gross Rate* - interest paid annually 0.15%
Gross Rate* - interest paid monthly 0.15%
AER† 0.15%
Notice Period 8 Days
Product £10,000+
Gross Rate* - interest paid annually 0.15%
Gross Rate* - interest paid monthly 0.15%
AER† 0.15%
Notice Period 8 Days
Product £5,000+
Gross Rate* - interest paid annually 0.15%
Gross Rate* - interest paid monthly 0.15%
AER† 0.15%
Notice Period 8 Days
Product £1,000+
Gross Rate* - interest paid annually 0.10%
Gross Rate* - interest paid monthly 0.10%
AER† 0.10%
Notice Period 8 Days
Product Below £1,000
Gross Rate* - interest paid annually n/a
Gross Rate* - interest paid monthly n/a
AER† n/a
Notice Period 8 Days

No Notice Deposit Account

Amount
Gross Rate* - interest paid annually
Gross Rate* - interest paid monthly
AER†
Notice Period
Product £50,000+
Gross Rate* - interest paid annually 0.10%
Gross Rate* - interest paid monthly 0.10%
AER† 0.10%
Notice Period n/a
Product £10,000+
Gross Rate* - interest paid annually 0.10%
Gross Rate* - interest paid monthly 0.10%
AER† 0.10%
Notice Period n/a
Product £5,000+
Gross Rate* - interest paid annually 0.10%
Gross Rate* - interest paid monthly 0.10%
AER† 0.10%
Notice Period n/a
Product £1,000+
Gross Rate* - interest paid annually 0.10%
Gross Rate* - interest paid monthly 0.10%
AER† 0.10%
Notice Period n/a
Product Below £1,000
Gross Rate* - interest paid annually n/a
Gross Rate* - interest paid monthly n/a
AER† n/a
Notice Period n/a

Glossary of Terms

*Gross
Is the contractual rate of interest payable before the deducation of income tax at the rate specified by law. The payment can be made annually or monthly.

†AER
AER stands for Annual Equivalent Rate and illustrates what the interest rate would be if paid and compounded each year.

Important - Interest rates can change on a daily basis. Please call us on 0800 028 3746 for current rates.
Bank of England Base Rate currently 0.75% (last change 2nd August 2018). Hodge Bank Base Rate currently 3% (last change 20th January 2009).

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