Fixed Rate Savings Bond
Current interest rates
| Balance | Gross rate pa% 1 | Net rate pa% | AER% | |
|---|---|---|---|---|
| End of term interest | £500+ | 2.00 | 1.60 | 2.00 |
| Monthly | £500+ | 1.98 | 1.58 | 2.00 |
The product is available in branch, through premier, over the telephone and online (online application: monthly interest option only).
Flexible Bonds
| Balance | Gross rate pa% 1 | Net rate pa% | AER% | |
|---|---|---|---|---|
| End of term | £1 – £49,999 | 2.50 | 2.00 | 2.50 |
| Monthly | £1 – £49,999 | 2.47 | 1.98 | 2.50 |
| End of term | £50,000 – £1 million | 3.00 | 2.40 | 3.00 |
| Monthly | £50,000 – £1 million | 2.96 | 2.37 | 3.00 |
The product is available in branch, over the telephone and online. Please note that withdrawals may take the balance into the lower interest tier and they cannot be made online.
Important information
1. Gross rate: Interest is payable without the deduction of income tax to non-taxpayers subject to the required certification and for Fixed Rate Savings Bonds £50,000 or more, opened on or before 5th April 2012, which meet the Qualifying Time Deposit criteria (see clause 5 of the Savings Bond Terms and Conditions for full details). Otherwise, income tax will be deducted at the basic rate. AER stands for Annual Equivalent Rate and illustrates what the interest rate would be if interest was paid and compounded once each year.