Notes to interest rates
1. Maximum investment £250,000 (excludes Cash ISA & Junior Saver).
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. AERs on the monthly interest option assumes interest is added to the account at the end of each month during the year.
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. Interest on an ISA is paid free of UK income tax.
6. Interest payable annually to 31st December unless stated otherwise.
7. Monthly interest is available on all accounts except the Fixed Rate Bonds.
8. Minimum opening balances apply to some accounts - please refer to the specific product page for full details. If the balance falls below the minimum investment amount in postcode areas HP, SL, UB and WD, a nominal interest rate will apply. If the balance falls below the minimum investment amount outside of these areas, the account will be closed.
9. Full details of accounts are available on the relevant product page.
10. The Centenary Bond and the 2nd issue Bond interest rates are fixed for the term of the account. All other rates are subject to variation.
