Save to Buy Savings Account

Are you eager to get your foot on the property ladder but put off by having to save a large deposit? Or are you looking to move up the property ladder but struggling to meet all the costs? This is where Save to Buy could help, with a dedicated savings account to help you save and a competitive interest rate on your mortgage when you’re ready to buy.

* A first time buyer is someone who has not had a mortgage in the last three years preceding the opening of the account. A home mover is someone who is moving home and have been party to a mortgage in the last three years. Any existing mortgage(s) must be repaid or, for existing Rafidain Bank mortgages, may be ported, on completion of the Save to Buy mortgage.

If you haven't used your cash ISA allowance this tax year then take a look at our Save to Buy ISA.

To apply for a Save to Buy mortgage, your Save to Buy savings account must remain open and all eligibility requirements must be met. Account must be held for a minimum of 6 months and a maximum of 3 years.

Opening a Save to Buy savings account does not guarantee acceptance for a Save to Buy mortgage. All mortgages are subject to eligibility, underwriting and criteria.

Find out more about our range of Save to Buy mortgages for First Time Buyers, Existing Customers Moving home or New Customers Moving Home.

AER stands for Annual Equivalent Rate and illustrates what the interest rate would be if interest was paid and compounded once each year.
AER includes conditional bonus (if applicable)
The gross rate of interest is the interest rate payable before any income tax is deducted (if you do pay tax).
The net rate of interest is the interest payable after any income tax is deducted (if you do pay tax).
Tax-free is the contractual rate of interest payable where interest is exempt from income tax.
The tax information provided is based on our understanding of current law and HM Revenue & Customs practice, both of which may change.