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The gross annual nominal rate — before income tax and social surtaxes — on your Instant Access Savings will depend on your plan. This rate is used to calculate the interest earned before taxes.

The gross interest rate will show under your Instant Access Savings balance in-app. You can get more information by tapping 'Info' and viewing the 'Deposit information' document.

Interest is compounded and paid daily. This means you earn 1/365th (or 1/366th in leap years) of the gross annual interest rate on your closing balance every day.

Any required tax on the accrued interest will be deducted before the interest is paid to you. The minimum threshold for interest payable is 0.01 in the corresponding savings currency. If net interest after taxes is below 0.01, it accrues until it reaches 0.01, then is paid.

We have the right to change the gross annual nominal interest rate. We may change the annual interest rate applicable to your Instant Access Savings. We can make this change immediately, and will let you know as soon as possible.

You'll still have the option to close your Instant Access Savings immediately.

For information on notice periods, read the Instant Access Savings Terms.

If you change your plan, your interest rate may change accordingly when the plan change comes into effect.