See how much interest you can earn

What is Starling’s interest rate?

Earn 3.25% AER / 3.19% Gross (variable) interest on balances up to £5,000. Interest can be earned on balances in Starling personal, teen and joint accounts, which includes money kept in a Space or on a Kite debit card for kids or Connected card.

This means, if you have both a personal account and a joint account, you could earn interest on both of these accounts. Interest could be earned on a balance up to £5,000 in your personal account and on a balance up to £5,000 in your joint account.

We’re removing the interest rate from our personal and joint current accounts on 10 February 2025. If you have an account with us, you can carry on earning interest on balances up to £5,000 until that date. We’ll send existing Starling customers more information about this interest rate change.

What is Gross interest?

If a bank pays you ‘Gross’ interest, this means that the bank hasn’t taken off any tax you might owe on the interest you’ve earned. You can access an interest statement in the app and may need to declare the interest you earn on this product in your self-assessment tax return.

It’s also worth noting that a gross interest rate is a simple rate of interest and doesn’t factor in any compound interest.

What is compound interest?

Compound interest is the idea that you can earn interest on interest. For example, if you start with £100 in your Starling current account, you’d earn interest on your balance after your first day. Then, on your second day you’d earn interest on your £100 plus the interest you had already earned, and so on. (Please note that although we calculate interest daily, we pay interest monthly).

What is AER interest, and how is it different from Gross interest?

AER stands for Annual Equivalent Rate. Unlike Gross interest, AER factors in compound interest – it illustrates what the interest rate would be if interest was paid and compounded once each year. This means that one AER can easily be compared to another because the same method of calculation is used.

When will my interest be paid?

We pay interest on the first day of each month.

If I have more than £5,000 in my account, what happens?

For any money in your personal, teen or joint account above £5,000, you won’t earn interest. This means that if you have £5,100 in your account, you will earn interest on the £5,000 and no interest on the additional £100.

Can Starling change the interest rate?

Yes, the interest rate we offer is subject to change. If we decrease it, we’ll always let you know in advance.