Notes to interest rates
1. Maximum investment for personal accounts is normally £250,000. Maximum investment in Junior Saver accounts will depend on the terms of each account. Annual limits for cash ISAs are set by HMRC. Maximum investment for organisations will depend on the terms of each account.
2. AER stands for Annual Equivalent Rate and illustrates what the interest rate would be if interest was paid and added each year, and has been rounded to two decimal places.
3. Gross interest is the rate payable before the deduction of UK income tax.
4. Net rates quoted are for illustrative purposes only and assume deduction of income tax at the lower rate of 20%.
5. Interest will be paid or credited after deduction of income tax at the lower rate of 20% or, subject to the required certification, gross. Tax deduction certificates will be issued on request only.
6. Interest is paid either annually to 31st December or monthly according to the type of account. Monthly interest cannot be compounded back into a cash ISA.
7. Minimum opening balances apply. If the balance falls below the minimum balance a nominal interest rate will apply.
8. Full terms and conditions of accounts are available in the appropriate account page.
9. The Fixed Rate Bond interest rates are fixed for the term of the account. All other rates are subject to variation and we can change them at any time.
