Easy access savings accounts, provided by Griffin Bank Ltd (“Griffin”).

The current interest rate on this account is 2.28% AER and is variable. AER stands for Annual Equivalent Rate and allows you to see what you could earn over the full course of a year.  

The interest rate on your account is based on the Bank of England base rate (“base rate”). The interest rate you receive is equal to the base rate (gross) minus 0.43% (the “margin”), as determined by Income Group and Griffin. 

To monitor the Bank of England base rate visit https://www.bankofengland.co.uk/monetary-policy/the-interest-rate-bank-rate.  

If at any point the base rate is equal to or below the margin, the interest rate you will receive will be 0.00%. 

Interest accrues daily, based on the balance available in your account, and is paid monthly on the first calendar day of the following month. 

If you close your account at any point in the month, interest accrued up until that point will be paid immediately and no further interest will be accrued.  

The rate on your Easy Access Savings Account is variable and tracks the base rate. If the base rate changes, the new interest rate on your account will apply within 24 hours. 

Income Group and Griffin may also change the rate offered by altering the margin at its discretion. If the margin changes, and as a result the interest rate on your account decreases, we will give you 14 days’ notice before the change takes effect. 

If the margin changes, and as a result the interest rate on your account increases, we will update your rate and inform you in writing via email. 

 This projection is based on the Bank of England base rate on 1st December 2025 and it assumes: 

• The rate does not change over the 12 month period 

• No other deposits or withdrawals are made during the 12 month period 

To qualify for an Easy Access Savings Account you must be: 

• 16 years or over 

• An individual, limited company, or sole trader  

• A UK resident and taxpayer  

In addition, we cannot provide bank accounts to companies that fall outside of Griffin’s eligibility criteria. 

You will be able to apply for and manage your savings account by opening an account at www.igsend.co.uk. 

No minimum deposit or no maximum deposit.

No maximum amount that can be held in the account. 

If you need more information on the account – including how to open, you can ask us on hello@incomgroup.co.uk

You can close your savings account at any time. 

Yes, you can withdraw funds at any time. Withdrawals may not reach your account until the next working day. 

You do not need to provide any notice before withdrawing funds. Withdrawals are free. 

You can withdraw funds via www.igsend.co.uk  

Our Easy Access Savings Accounts are provided by Griffin. Griffin Bank Ltd (“Griffin”) is registered in England and Wales (No.10842931). Griffin is authorised by the Prudential Regulation Authority (PRA) and regulated by the PRA and the Financial Conduct Authority (FCA). Griffin’s firm reference number is 970920.  

Income Group Ltd is authorised and regulated by the Financial Conduct Authority with reference number: 809483. 

Across all your Griffin products, up to £120,000 is protected by the UK Financial Services Compensation Scheme (FSCS). Learn more about Griffin’s deposit protection.  

Depending on personal circumstance, you may need to pay tax on the interest you earn. Visit the HMRC website for more information or seek professional tax advice if you are unsure about your tax position.