|Balance||Gross Rate||AER (variable)|
Interest paid quarterly
Rates correct as at 3 January 2017
This means the interest rate you are paid before the deduction of tax.
Annual Equivalent Rate (AER)
This is a notional rate used for interest bearing accounts which illustrates what the gross credit interest rate (excluding any bonus interest payable) would be if paid and compounded on an annual basis. It helps you to compare the effective rates of credit interest on different accounts.