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 via branch, premier, telephone and online (online application: monthly interest option only).
Flexible Bonds
| Balance | Gross rate pa% 2 | Net rate pa% | AER% | |
|---|---|---|---|---|
| End of term | £1 – £49,999 | 2.25 | 1.80 | 2.25 |
| Monthly | £1 – £49,999 | 2.23 | 1.78 | 2.25 |
| End of term | £50,000 – £1 million | 2.75 | 2.20 | 2.75 |
| Monthly | £50,000 – £1 million | 2.72 | 2.18 | 2.75 |
The product is available via branch, telephone and online. Please note that withdrawals may take the balance into the lower interest tier and they cannot be made online.
| Balance | Gross rate pa% 2 | Net rate pa% | AER% | |
|---|---|---|---|---|
| End of term | £1 – £49,999 | 3.00 | 2.40 | 3.00 |
| Monthly | £1 – £49,999 | 2.96 | 2.37 | 3.00 |
| End of term | £50,000 – £1 million | 3.50 | 2.80 | 3.50 |
| Monthly | £50,000 – £1 million | 3.45 | 2.76 | 3.50 |
The product is available via branch, Premier, telephone and online. A fixed bonus of 0.25% gross pa is payable, earning you an extra 1% of your initial deposit amount over the term. The bonus will be paid at maturity of the bond provided no withdrawals are made during the term of the bond.
Please note that withdrawals may take the balance into the lower interest tier and will cancel the bonus payment. Withdrawals 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 investments of £50,000 or more which meet the Qualifying Time Deposit criteria (see clause 5 of the Bond Terms and Conditions for full details). Otherwise income tax will be deducted at the basic rate.
2. Gross rate is the rate of interest payable before the deduction of income tax. Please note: The 18 Month Flexible Bond does not meet the criteria for a Qualifying Time Deposit and income tax will generally be deducted at the basic rate (but may be reclaimed by non-taxpayers), although interest can be paid gross to non-taxpayers subject to their providing the required certification. AER stands for Annual Equivalent Rate and illustrates what the interest rate would be if interest was paid and compounded once each year.