Interest rates are the percentages that banks charge or pay on the money you borrow or save, respectively. Think of it as the cost of borrowing or the reward for saving.

AER, or Annual Equivalent Rate, shows you the interest income you would receive for one year, if you kept your balance the same and allowed interest to compound each month. The AER helps you compare different savings products easily.

The gross interest rate refers to the nominal rate of interest paid on a savings account before the effect of compounding is taken into account.

Our interest rates vary based on account type and market conditions. Please contact us for the most current rates available.

Interest is accrued daily based on each account’s end of day balance, and paid out monthly on the 1st of the following month.

Interest is accrued daily and paid out monthly on the 1st of the following month. If you close your account at any point in the month, any accrued interest up to the date of closure will be paid out immediately.

Yes, Griffin may change interest rates in response to market conditions or regulatory requirements. We will always notify you of any changes via email 14 days in advance.

At the moment, all our accounts earn interest. This includes:

Specific details about respective interest rates can be found by contacting our team.

If a customer closes their account, any accrued interest up to the date of closure will be paid out immediately.

Interest calculated up until the withdrawal will still be credited to the account on the 1st of the following month, according to the usual payment schedule.

You can find the interest rate that applies to an account by checking your master services agreement (MSA).