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What’s the eligibility criteria for the Simple Saver reward rate?
What’s the eligibility criteria for the Simple Saver reward rate?
Alex avatar
Written by Alex
Updated over a week ago

You can earn a 5% AER (variable) reward rate on your Simple Saver if you have either:

  • a balance above £0 in a qualifying Moneybox account (ISA, Lifetime ISA, Junior ISA, or Pension)

  • a Reward Savings Account.

If your balance in your Lifetime ISA drops to £0 then you are eligible to keep the reward rate for 12 months or until 13/02/2025, whichever date is later.

You’ll need to make sure you’re on the latest app version to see your reward rate reflected in the app.

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