Credit interest
We pay credit interest at a special rate on all credit balances in your ufirst Current Account. The interest rates are set at different levels. The table below shows the rates available.
This benefit is automatic for every ufirst member, so there is no need to apply.
It doesn't matter if you have £1 or £10,000 in your ufirst account, every £1 will earn credit interest and we will pay it into your account each month.
| Rate bands £ | Current rates | |
|---|---|---|
| Gross% (Variable) see note 1 | AER % (Variable) see note 2 | |
| £1 and over | 0.05% | 0.05% |
The rates of interest are better than our Standard Current Account and Current Plus Account.
1 This is the rate of interest before the we take basic rate tax.
2 The Annual Equivalent Rate (AER) is a national rate which shows what the gross interest rate would be if paid and compounded (added together) each year.
