Kroo is offering an improved interest rate for eligible new customers opening a Personal Current Account on or after midday 5th October 2026.
What is the promotional offer?
Eligible accounts receive an initial total interest rate of 3.00% AER /2.96% Gross (variable) on deposits up to £500,000 for their first 12 months.
The rate is composed of two parts:
- 2.00% fixed bonus rate: a fixed bonus guaranteed for 12 months from the date of account opening.
- Variable tracker rate: a variable rate set at 2.75% below the Bank of England base rate.
While your 2.00% bonus remains fixed for 12 months, the tracker rate moves in line with the Bank of England base rate. If the Bank of England raises or cuts the base rate, your overall interest rate will adjust accordingly within 2 working days.
When is interest paid?
Interest is calculated daily based on the end-of-day balance across your main current account and your Kroo Pots. The accumulated interest is paid directly into your main current account balance on the 1st of each month.
What happens after 12 months?
When your 12-month promotional period ends, your 2.00% bonus expires. Your current account balance will automatically transition to our standard variable tracker rate at that time. We will notify you in advance before your promotional rate ends.