Interest Rates
|
|
| Current Interest Rates |
| Account |
Gross
% |
Gross AER
% |
Net
% |
| 6 Month Notice |
5.80 |
5.93 |
4.64 |
| 12 Month Notice |
6.10 |
6.10 |
4.88 |
| AER - Annual Equivalent Rate which illustrates what the interest rate would be if interest was paid and compounded annually. |
|
Historic Interest Rates
We pride ourselves in offering competitive rates on our savings products. If you wish to see the historic rates paid on our 6 and 12 Month Notice deposit accounts please click here.
Payment of interest
Interest accrues daily and is credited to the various savings products as follows:
|
|
| Product |
Period |
| 6 Month Notice |
Quarterly (end March/June/Sept/Dec) |
| 12 Month Notice |
Annually (30 November) |
Variation of Interest Rates
Interest on the 6 and 12 Month Notice deposit accounts is variable on 7 days notice.
Deduction of tax
Tax is normally deducted from interest credited to depositors.
Interest can otherwise be paid without the deduction of tax upon receipt of a duly completed H M Revenue & Customs documentation. The appropriate forms are available on request.
A tax deduction certificate is available at the end of each tax year
on request.
|
