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Please note that this account is currently closed for new account opening but existing account holders can operate the account as usual.


The Select 120 offers tiered interest rates. As your balance increases, so does the interest.


Summary Box

The Information provided is a summary of the key features of the savings account and is not intended to be a substitute for reading the terms and conditions that apply to the account.

What is the Interest Rate?£50,000 – £180,000        5.70% Gross/5.70% AER

£25,000 – £49,999          5.50% Gross/5.50% AER

£10,000 – £24,999          5.30% Gross/5.30% AER

£5,000 – £9,999              5.10% Gross/5.10% AER

£500 – £4,999                 4.90% Gross/4.90% AER

(From 21 August 2023)

AER stands for Annual Equivalent Rate.  It illustrates what the interest rate would be if interest was paid and compounded each year.

Interest is calculated daily and is variable. Interest is compounded annually on the last day of February or can be paid monthly.

If interest is paid monthly the gross interest figure is reduced slightly but the AER stays the same.

See our current interest rates for all savings accounts.

Can esbs change the Interest Rate?We may change interest rates at any time if we reasonably believe the change is needed.  Please refer to Condition 7 – Interest in the Terms and Conditions for esbs Retail Savings Accounts for further details.
What would the estimated balance be after 12 months based on a £1,000 deposit?







Please note tiered interest rate projections illustrate the cash returns on deposits up to each balance band.

The projected balance based on the current interest rate for the various tiers are:

£50,000 – £180,000        £190,260.00

£25,000 – £49,999          £52,748.95

£10,000 – 24,999            £26,323.95

£5,000 – £9,999              £10,508.95

£500 – £4,999                 £5,243.95


This projection is provided for illustrative purposes only and does not take into account the individual circumstances of the customer.

How do I open and manage my account?*

*Please note that this account is currently closed for new account opening but existing account holders can operate the account as usual





  • The account may only be opened by UK residents.
  • Minimum balance £500.
  • Maximum balance £180,000.
  • To apply for a Select 120 Account please read the Select 120 Account leaflet to ensure this account is suitable for you.  Please be certain to read the Terms and Conditions for esbs Retail Savings Accounts.
  • If you wish to open an account you can download and print an application form, apply in person in one of our branches or, should you wish for an application form to be sent in the post for you, call our Savings Team on 01455 844422.  Please remember to provide the correct Identification and funds.
  • You can manage your account at our branches or by post.
Can I withdraw money?
  • Yes – however 120 days notice of withdrawal is required.  At the Society’s discretion, notice may be waived subject to 120 days loss of interest on the amount withdrawn.
Additional Information
  • The account is limited to one per investor
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