Benefits and rewards
The Bank’s reward package is designed to attract world-class talent, and consists of three main elements. On top of a competitive salary, you will receive core benefits and a flexible benefits allowance. This allows you to tailor your package to meet your own individual needs.
Salaries are reviewed annually, with discretionary cash bonus payments awarded for good performance. There is also a separate scheme operated throughout the year which rewards people who identify business improvements and efficiency gains.
Our core benefits are offered to all staff. They are: a non-contributory career average pension; private medical insurance; 25 days’ annual leave; interest-free season ticket loan; and life assurance cover of double your annual salary.
Our flexible benefits allow you to enhance your core benefits by using an allowance worth 7% of your salary (although you can also take this allowance as non-pensionable cash or spend some of your salary on benefits if you prefer). The choice of flexible benefits includes:
- Wellbeing benefits, such as private medical insurance for your partner or children, additional pension, health screening, and different health insurance options.
- Lifestyle benefits, such as up to 10 days’ additional leave, childcare vouchers and car breakdown cover.
- Leisure benefits, such as membership of the in-house gym and retail vouchers.