Apply for this savings account using the method below.
Online Boosted Base Rate Tracker (TRK01ONL)
Interest is variable and tracks the Bank of England’s Base Rate +1.00% to a maximum interest rate of 5.00%, calculated on a daily basis and is paid annually on 31 August.
Rate Effective from: 02/10/2026
| Balance | Gross | AER† |
|---|---|---|
| £1,000.00 and above | 4.75% | 4.75% |
Gross is the interest payable before any tax is deducted.
†AER stands for Annual Equivalent Rate and illustrates what the interest rate would be if interest was paid and added to the account.
As the interest rate tracks the Bank of England base rate we will change the interest rate in accordance with any change in the Bank of England base rate with effect from the 1st of the following month.
The interest rate is capped at 5.00%, meaning the maximum rate the account will pay is 5.00% in the event that Bank Base Rate exceeds 4.00%.
If the interest rate on your account reduces, we will usually give you at least 14 days’ notice before the change takes effect. In some cases, such as when a rate change happens late in the month, this may not be possible. If this happens, details of the change will be published on our website, and a personal notification will follow.
For full details of how and why we may change the interest rate on your account, please refer to our Savings Terms & Conditions.
| Opening Balance | Estimated balance after 12 months |
|---|---|
| £1,000.00 | £1,047.50 |
The estimated balance is for illustrative purposes only and assumes that:
The actual balance may be different if the account is opened on a different date, if deposits or withdrawals are made, or if the interest rate changes.
Eligibility
Deposits
Account management
Identification
You may need to provide proof of your identity and address when opening the account. If you are already a Hanley Economic Building Society customer, we will not usually need this unless our records need updating.
You can withdraw money from this account as follows:
Withdrawal Limits
Online withdrawals are limited to £10,000 per day. No withdrawals can be made within the first 10 days of opening your account online, allowing us to complete the checks required under UK money laundering regulations.
If you need to withdraw more than £10,000 as part of one of the permitted withdrawals, this must be requested via the online portal/banking secure messaging. We will process the payment by Faster Payment where limits allow, or by CHAPS for a £25 fee. For larger transactions, we may request additional information for security purposes.
Your eligible deposits with Hanley Economic Building Society are protected up to £120,000 by the Financial Services Compensation Scheme, the UK’s deposit guarantee scheme. Any deposits you hold above the limit are unlikely to be covered. Further information is available on the FSCS website.
The treatment of your account for tax purposes will depend on your individual circumstances and you may need to pay tax on any interest that exceeds your Personal Savings Allowance. For more information please visit HM Revenue & Customs’ (HMRC) website hmrc.gov.uk. The tax information provided is based on current legislation and HMRC practice, which may change in the future.
You can check the current Bank of England Base Rate on the Bank of England website
Yes, if…
No, if…
Before opening the account, please make sure you have read:
Savings Terms and Conditions are located below this table.
Before opening an account, it is recommended you read the information below.
The quickest way to open your new account is online. Please click below to begin filling out the application form.