Deferred Interest Account Interest Rates

Interest rates for our Sterling, Euro and US Dollar Deferred Interest Accounts

With our Deferred Interest Account you can receive interest returns at a time that suits your tax planning. Interest from your savings is deferred until you ask us to pay it.

On this page we display the current interest rates for our Deferred Interest Accounts. We also display our previous interest rates so you can see how they have changed.

We offer tiered interest rates: the rate goes up according to the amount of money in your account.

Sterling Deferred Interest Account

Current interest rates

Interest rates are correct with effect from 30 March 2009

Account balance Gross Interest rate1/ AER2 (% per annum)
£1+ Nil
£25,000+ 0.05
£50,000+ 0.05
£100,000+ 0.05
£250,000+ 0.05

Previous interest rates

From 02 March 2009 to 29 March 2009

Account balance Gross Interest rate1/ AER2 (% per annum)
£1+ Nil
£25,000+ 0.05
£50,000+ 0.05
£100,000+ 0.10
£250,000+ 0.10

Euro Deferred Interest Account

Current interest rates

Since 03 June 2009

Account balance Gross Interest rate1/ AER2 (% per annum)
€1+ Nil
€50,000+ 0.05
€100,000+ 0.05
€250,000+ 0.05

Previous interest rates

From 28 April 2009 to 02 June 2009

Account balance Gross Interest rate1/ AER2 (% per annum)
€1+ Nil
€50,000+ 0.05
€100,000+ 0.05
€250,000+ 0.10

US Dollar Deferred Interest Account

Current interest rates

Since 09 January 2009

Account balance Gross Interest rate1/ AER2 (% per annum)
$1+ Nil
$50,000+ 0.05
$100,000+ 0.05
$250,000+ 0.05

Previous interest rates

From 21 November 2008 to 08 January 2009

Account balance Gross Interest rate1/ AER2 (% per annum)
$1+ Nil
$50,000+ 0.10
$100,000+ 0.15
$250,000+ 0.25

1. Gross interest is the interest you receive before tax is deducted.

2. AER (Annual Equivalent Rate) is a figure that helps you compare interest rates across different accounts. It illustrates what your interest return would be if interest was paid and compounded once each year. Every advert for a savings product will contain an AER.

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