The following Reward Terms apply.
We will generally pay a Bonus Rate if:
You have previously made, or now make, an initial deposit of at least £10,000 in the Multi Shield product which we have made available on our platform (a Bonus Qualifying Savings Product).
Available to new and existing customers. You qualify if you have previously made, or now make, a first qualifying deposit of at least £10,000 into a Multi Shield product on our platform. The Bonus Rate accrues daily from the later of 22 August 2025 or the calendar day after your first qualifying deposit, calculated on the previous day’s closing balance.
These Bonus Rates accrue on a daily basis, and are calculated as a percentage (on an annual basis) of the previous day’s closing balance of your Bonus Qualifying Savings Product. The percentages are variable and can be found on our website and throughout our App.
The Bonus Rate paid when you deposit into a savings product is not conditional on maintaining a minimum balance in your Bonus Qualifying Savings Product.
For the Multi Shield product, these Bonus Rates are payable for 6 months and cease to be payable on the date falling 6 months after the date of the first deposit into the Bonus Qualifying Savings Product.
These Bonus Rates are payable up to a maximum balance on a Bonus Qualifying Savings Product of £120,000. Once this limit is reached, your savings will earn the interest paid by the Partner Bank only.
For the Multi Shield product, the Bonus Rate is paid on a monthly basis into your Wallet (rounded up to 2 decimal places).
Taxation
Please note that the Bonus Rate is generally subject to income tax and that, because it does not count as savings interest, the personal savings allowance does not apply.
If we make any Bonus Rate payments to you, this will be without withholding or deduction. It is up to you to calculate and pay what tax you owe on any Bonus Rate income you receive.