Easy access savings account
| Effective date |
AER |
Gross |
| 04 Jan – 29 Jul 2008 |
6.50% |
6.31% |
Fixed term deposit accounts
6 Month Term
| Effective date |
AER |
Gross |
| 04 Jan – 03 Jun 2008 |
6.80% |
6.69% |
12 Month Term
| Effective date |
AER |
Gross |
| 04 Jun – 08 Jul 2008 |
7.01% |
7.01% |
| 04 Jan – 03 Jun 2008 |
6.86% |
6.86% |
36 Month Term
| Effective date |
AER |
Gross |
| 04 Jan – 08 Jul 2008 |
6.70% |
7.16% |
What is AER?
AER stands for annual equivalent rate and illustrates the interest rate if it was paid and compounded once each year.
What is Gross?
Gross is the annualised rate before deduction of tax at basic rate (currently 20%).
Prior to 03/06/08 minimum balance for savings accounts was £1000, minimum balance for term accounts was £5000.