What interest rate is paid on current account balances?

Robert
Robert
  • Updated

With a Kroo current account, you’ll earn 4.35% AER / 4.26% Gross (variable) interest on your current account balance up to £85,000. 

  • Interest is calculated daily.

  • Interest will be paid monthly on the 1st of every month.

  • We'll send you an in-app notification notifying you of interest payments.

From the 15th of October onwards Kroo will move to a "Tracker", meaning Kroo will pay interest at 0.9% margin below the Bank of England base rate. Kroo will update its interest rate no later than 2 working days after a change in the Bank of England base rate.


Previous Rates 

Dates Available Annual Equivalent Rate (AER) Gross (variable)
01/12/2022 - 31/01/2023 2.00% 1.98% Gross (variable) 
01/02/2023 - 31/03/2023 3.03% 2.99% Gross (variable) 
01/04/2023 - 31/05/2023 3.33% 3.28% Gross (variable) 
01/06/2023 - 30/06/2023 3.60% 3.54% Gross (variable) 
01/07/2023 - 31/07/2023 4.10%  4.03% Gross (variable) 

 

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