The following interest rates were effective
from 1 March
2009 to 1 April 2009. New
rates now apply.
Super Six account
| Account balance |
Gross* p.a/AER† |
Net# p.a |
| Without bonus |
|
|
| £50,000 plus |
1.35% |
1.08% |
| £1-£49,999 |
1.00% |
0.80% |
| With bonus |
|
|
| £50,000 plus |
1.10% |
0.88% |
| £1-£49,999 |
0.75% |
0.60% |
Monthly Income account
| Account balance |
Gross* p.a |
AER† |
Net# p.a |
| £50,000 plus |
1.05% |
1.06% |
0.84% |
| £1-£49,999 |
1.90% |
0.90% |
0.72% |
Instant Access account
| Account balance |
Gross* p.a/AER† |
Net# p.a |
| £50,000 plus |
0.10% |
0.08% |
| £20,000-£49,999 |
0.10% |
0.08% |
| £1-£19,999 |
0.10% |
0.08% |
Cash ISA
| Account balance |
Tax free~ p.a/AER† |
| £1 plus |
1.00% |
Children's account
| Account balance |
Gross* p.a/AER† |
Net# p.a |
| £1-£25,000 |
1.40% |
1.12% |
7 Days' Notice account
| Account balance |
Gross*
p.a/AER† |
Net# p.a |
| Annual interest |
|
|
| £1 plus |
0.20% |
0.16% |
Monthly interest
|
|
|
| £1 plus |
0.20% |
0.16% |
Postal account
| Account balance |
Gross* p.a/AER† |
Net# p.a |
| Annual interest |
|
|
| £1 plus |
1.00% |
0.80% |
Monthly interest
|
|
|
| £1 plus |
1.00% Gross* p.a/ 1.00% AER† |
0.80% |
Monthly Saver account††
| Account balance |
Gross* p.a/AER† |
Net# p.a† |
| £1 plus |
1.55% |
1.24% |
e-ISA
| Account balance |
Tax-Free~ p.a/AER† |
Net# p.a† |
| £1 plus |
2.20% |
Tax free~ |
60+ Monthly Income account
| Account balance |
Gross* p.a/AER† |
Net# p.a† |
| £1 plus |
1.15% Gross* p.a/ 1.16% AER† |
0.92% |
* Gross is the contractual rate of interest payable before the
deduction of income tax at the rate specified by law.
~ Tax free means the interest you earn is exempt from
UK Income Tax and Capital Gains Tax.
† AER – Annual Equivalent Rate. This illustrates what the
interest would be if interest was paid and added each year. As
every advert for a savings product that quotes an interest rate
shows the AER, it's an easy way to compare the returns you can
expect from different products.
†† The interest rate paid will revert to the Instant
Access Savings Account (or its equivalent) rate if the account
balance falls below the minimum initial investment or customers
miss a payment during the 12 month period following account opening
or make a monthly payment of under £20 or in excess of £1000.
# Net is the rate of interest payable after the deduction of
income tax at the rate specified by law.
If you have any
further questions, please contact us – we'll be happy to
help.