AER - stands for Annual Equivalent Rate and illustrates what the interest rate would be if the interest was paid and compounded once each year.
Gross interest - From the 6th April 2016, no tax will be deducted by us and therefore gross is the rate of interest if interest was paid and not compounded each year.
Born in Sweden, Ikano has been in the UK for over 21 years; providing finance to millions of UK customers. Our customers tell us that it's better when things are kept simple – things like bonus rates, introductory offers and hidden charges cause mistrust, that's why we don't have any.
We think of your money like it's our own, you won't see us travelling first class, having big corporate lunches or taking massive bonuses. That's not how we do business.
We believe this helps keep things simple and on fair terms.
Apply online in less than 5 minutes |
Save from £1,000 - £1,000,000 |
Your interest rate will not change during the term of the account |
You cannot close your account or make a withdrawal during the term |
Opening an account you have 14 days to transfer your savings to us |
No fees or bonus periods |
From 1 January 2021 your savings are protected up to £85,000 per person by the Financial Services Compensation Scheme, the UK's deposit guarantee scheme.
We like to keep things simple. We try to use plain English and avoid using jargon, so our products and services are easy to understand. If you have any questions about our savings products, please visit our FAQ section.
Calls to this number cost the same as a call to a standard "01" or "02" landline number, even when calling from a mobile. Calls to this number are also included in any bundled minutes or free talk time that covers landline calls. Where calls are made outside of a bundle you will be charged at the national rate. Calls may be recorded for training purposes.
The actual cost you are charged will depend on your phone provider, please check with them if you're unsure.
