Interest Rates
Current interest rates
Interest rates are correct as at 09 March 2009
| Interest on Credit Balances (paid monthly) |
% Per Annum Gross Rate* |
% Per Annum AER** |
| £1+ |
0.01 |
0.01 |
£5,000+ |
0.01 |
0.01 |
| £10,000+ |
0.05 |
0.05 |
| £50,000+ |
0.05 |
0.05 |
| £100,000+ |
0.10 |
0.10 |
Previous Interest Rates
Interest rates are from 09 February 2009
| Interest on Credit Balances (paid monthly) |
% Per Annum Gross Rate* |
% Per Annum AER** |
| £1+ |
0.01 |
0.01 |
| £5,000+ |
0.05 |
0.05 |
| £10,000+ |
0.05 |
0.05 |
| £50,000+ |
0.10 |
0.10 |
| £100,000+ |
0.10 |
0.10 |
*GROSS RATE: The contractual rate of interest payable before deduction of income tax at the rate specified by law.
**AER - AER stands for Annual Equivalent Rate and illustrates what the interest rate would be if interest was paid and compounded once each year. As every advert for a savings product will contain an AER - Annual Equivalent Rate - you can compare more easily what return you can expect from your savings over time.