Island Premier Account

Credit Interest Rates

Current Interest Rates

Interest rates are correct as at 01 December 2008

Island Premier Current Account Credit Balances

Interest on Credit Balances (paid monthly)	% Per Annum Gross Rate*	% Per Annum AER**
£1+	0.10	0.10
£50,000+	0.10	0.10

Island Premier Savings Account with Bonus - Monthly Interest Option

Interest on Credit Balances	% Per Annum Gross Rate*	% Per Annum AER**
£1+	0.25	0.25
£5,000+	0.50	0.50
£10,000+	1.40	1.40
£25,000+	2.13	2.15
£50,000+	2.38	2.40
£100,000+	2.62	2.65
£1,000,000+	2.72	2.75

Interest rates for balances of £5,000 or more includes a bonus of 0.25% p.a. AER/Gross payable for one year from account opening.

Island Premier Savings Account without Bonus - Monthly Interest Option

Interest on Credit Balances	% Per Annum Gross Rate*	% Per Annum AER**
£1+	0.25	0.25
£5,000+	0.25	0.25
£10,000+	1.15	1.15
£25,000+	1.89	1.90
£50,000+	2.13	2.15
£100,000+	2.38	2.40
£1,000,000+	2.48	2.50

Island Premier Savings Account with Bonus - Annual Interest Option

Interest on Credit Balances	% Per Annum Gross Rate*	% Per Annum AER**
£1+	0.25	0.25
£5,000+	0.50	0.50
£10,000+	1.40	1.40
£25,000+	2.15	2.15
£50,000+	2.40	2.40
£100,000+	2.65	2.65
£1,000,000+	2.75	2.75

Interest rates for balances of £5,000 or more includes a bonus of 0.25% p.a. AER/Gross payable for one year from account opening.

Island Premier Savings Account without Bonus - Annual Interest Option

Interest on Credit Balances	% Per Annum Gross Rate*	% Per Annum AER**
£1+	0.25	0.25
£5,000+	0.25	0.25
£10,000+	1.15	1.15
£25,000+	1.90	1.90
£50,000+	2.15	2.15
£100,000+	2.40	2.40
£1,000,000+	2.50	2.50

Previous Interest Rates

Interest rates are correct as at 03 November 2008

Island Premier Current Account Credit Balances

Interest on Credit Balances (paid monthly)	% Per Annum Gross Rate*	% Per Annum AER**
£1+	0.10	0.10
£50,000+	0.10	0.10

Island Premier Savings Account with Bonus - Monthly Interest Option

Interest on Credit Balances	% Per Annum Gross Rate*	% Per Annum AER**
£1+	0.25	0.25
£5,000+	1.99	2.00
£10,000+	2.96	3.00
£25,000+	3.69	3.75
£50,000+	3.93	4.00
£100,000+	4.17	4.25
£250,000+	4.17	4.25

Interest rates for balances of £5,000 or more includes a bonus of 0.25% p.a. AER/Gross payable for one year from account opening.

Island Premier Savings Account without Bonus - Monthly Interest Option

Interest on Credit Balances	% Per Annum Gross Rate*	% Per Annum AER**
£1+	0.25	0.25
£5,000+	1.74	1.75
£10,000+	2.72	2.75
£25,000+	3.45	3.50
£50,000+	3.69	3.75
£100,000+	3.93	4.00
£250,000+	3.93	4.00

Island Premier Savings Account with Bonus - Annual Interest Option

Interest on Credit Balances	% Per Annum Gross Rate*	% Per Annum AER**
£1+	0.25	0.25
£5,000+	2.00	2.00
£10,000+	3.00	3.00
£25,000+	3.75	3.75
£50,000+	4.00	4.00
£100,000+	4.25	4.25
£250,000+	4.25	4.25

Interest rates for balances of £5,000 or more includes a bonus of 0.25% p.a. AER/Gross payable for one year from account opening.

Island Premier Savings Account without Bonus - Annual Interest Option

Interest on Credit Balances	% Per Annum Gross Rate*	% Per Annum AER**
£1+	0.25	0.25
£5,000+	1.75	1.75
£10,000+	2.75	2.75
£25,000+	3.50	3.50
£50,000+	3.75	3.75
£100,000+	4.00	4.00
£250,000+	4.00	4.00

*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.

†EAR: Equivalent Annual Rate excluding any changes which may be applicable

Island Premier Banking Charges

Account charging period
The monthly charging period is from the 2nd of one month to close of business on the 1st of the following month. If any overdraft charges are due, we will tell you the details at least 14 days before the charging date.

Island Premier Banking current account

Monthly Charge
When the Cleared Balance of your current account remains at least £5,000 in credit throughout the monthly charging period	Free
When your account balance falls below £5,000 at any time during the monthly charging period	£15 monthly fee

Overdraft Charges
From 2 November 2007 new terms and conditions and some new overdraft rates and charges apply to your account. To see these please read our Personal Banking Overdraft rates and charges guide.