What is the interest rate?

The interest rate on your TransferGo savings account is variable and currently set at 3.56% AER.

  • This rate is based on the Bank of England base rate, minus a 1% margin.
  • The rate is reviewed daily and updated within 24 hours of any base rate changes.
  • Interest accrues daily and is paid monthly on the 1st calendar day of the following month.

If the base rate drops to or below the 1% margin, your interest rate may be 0.00%.

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