Summary Box - Key Product Information for our Savings Account(s)
Account Name - 5 Year Fixed Rate Bond Issue 244
|Annual Interest||£500 - £2,000,000||2.50%||2.00%||2.50%
|Monthly Interest||£500 - £2,000,000||2.47%||1.98%||2.50%
Tax will be deducted from your interest before it is paid into your account. If you are not a UK taxpayer and want to receive your interest without tax being deducted you will need to provide us with a completed R85 form.
Conditions for bonus payments
No withdrawals permitted prior to Bond Maturity. Closure permitted subject to loss of 360 days’ gross* interest
Open and operate in branch, agency, online or by post
* Gross is the contractual rate of interest payable before the deduction of income tax at the rate specified by law.
† AER stands for Annual Equivalent Rate and illustrates what the interest rate would be if interest were paid and compounded once each year.
# Net is the rate of interest payable after the deduction of income tax at the rate specified by law.