Special offer: 4% (1% AER) interest rate

Open a Premier International Account in Sterling and keep a balance between £10,000 and £24,999 to get 4% (1% AER) interest for the first 3 months.

Sterling Premier International Account Introductory Interest Rate

Applicable for 3 months after account opening for new customers only when you select £ sterling as your fee paying account.

Interest on Sterling Account Credit Balances Paid Monthly Gross1 AER2
Up to £10,000 Nil Nil
£10,000+ 4% 1%
£25,000+ Nil Nil

How does it work?

If you deposit £25,000 when you open a Sterling account and maintain this balance over 3 months, then the interest payable for the first 3 month introductory period will be:

4% x £14,999 (amount eligible for the introductory rate, i.e. between £10,000 and £24,999) = £599.96

£599.96 / 365 x 91 days (3 months) = £149.58.

If you left all £25,000 in the account over a period of a year, it would equate to 0.59% gross interest as you would not receive any further interest on your deposit after the initial 3 months, i.e. £149.58 / £25,000 = 0.59%

See the 3 different scenarios below

  Scenario 1 Scenario 2 Scenario 3
Balance £9,000 £15,000 £30,000
Balance eligible for introductory rate
(Balance between £10,000 and £24,999)		 0 £5,000 £14,999
Interest rate N/A 4% (1% AER) 4% (1% AER)
Return over 3 months N/A £49.86 £149.58

Ready to apply?

1. Gross interest. This is annual rate of interest paid without deduction of tax.

2. 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 you can compare more easily what return you can expect from your savings over time.