Current Savings Rates from 1st January 2015 (all rates are variable)
We offer a range of straightforward savings products to suit your needs
|Junior Cash ISA||Gross Rate / AER||Net Rate|
|Monthly Saver||Gross Rate / AER||Net Rate|
|£10+||Excluding 1.00% bonus||0.60%||0.48%|
|Including 1.00% bonus||1.60%**||1.28%**|
|Young Savers||Gross Rate / AER||Net Rate|
|Cash ISA Monthly Interest Available||Gross Rate / AER||Net Rate|
|Postal Account Monthly Interest Available||Gross Rate / AER||Net Rate|
|30 Day Notice Account Monthly Interest Available||Gross Rate / AER||Net Rate|
|Postal Business Account | Business On Line Account||Gross Rate / AER||Net Rate|
|Instant Access Monthly Interest Available||Gross Rate / AER||Net Rate|
Gross Rate – is the contractual rate of interest payable before the deduction of income tax at the rate specified by law (currently 20%).
Net Rate – is the rate of interest which would be payable after allowing for the deduction of income tax at the specified rate.
AER – stands for Annual Equivalent Rate and illustrates what the interest rate would be if interest was paid and compounded once each year.
The tax treatment or the rate of interest payable depends on individual circumstances and may be subject to change in the future.
INTEREST CREDITED OR PAID ANNUALLY.
** MONTHLY SAVINGS PLAN INCLUDES A 1.00% BONUS IF ALL MONTHLY SUBSCRIPTIONS ARE RECEIVED DURING THE YEAR
^ MONTHLY INCOME AVAILABLE ON ALL BALANCES OVER £5,000
Rates of interest for closed issues, deposits and monthly income schemes are available on request.