Island Regular Savings Account

Current Interest Rates

Interest rates are correct as at 02 January 2009

Interest on Credit Balances (paid annually) % Per Annum Gross Rate* % Per Annum AER**
£1+ (0-2 Withdrawals) 1.70 1.70
£1+ (3-6 Withdrawals) 1.45 1.45
£1+ (7+ Withdrawals) 1.00 1.00

Previous Interest Rates

Interest rates from 01 December 2008

Interest on Credit Balances (paid annually) % Per Annum Gross Rate* % Per Annum AER**
£1+ (0-2 Withdrawals) 2.70 2.70
£1+ (3-6 Withdrawals) 2.45 2.45
£1+ (7+ Withdrawals) 1.00 1.00

*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.