|Balance||Gross Rate||AER (variable)|
|£0 - 25,000||1.00%||1.00%|
Interest paid quarterly
Last updated on: 20/12/13
What you should know:
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.
This means the interest rate you are paid before the deduction of tax.
Full copies of the fees and terms and conditions that apply to our personal accounts can be downloaded from our terms and conditions page.