Savings Builder account

This account is no longer available to new customers.

Monthly interest (effective from 2 March 2009).
The following rates (higher interest rates) are paid where no withdrawals have been made in the previous calendar month.
Balance	Gross rate pa%	Net rate pa%	AER%
£250,000+	0.10	0.08	0.10
£100,000+	0.10	0.08	0.10
£50,000+	0.10	0.08	0.10
£25,000+	0.10	0.08	0.10
£10,000+	0.10	0.08	0.10
£1+	0.05	0.04	0.05

The following rates (lower interest rates) are paid where one or more withdrawals have been made in the previous calendar month.
Balance	Gross rate pa%	Net rate pa%	AER%
£250,000+	0.05	0.04	0.05
£100,000+	0.05	0.04	0.05
£50,000+	0.05	0.04	0.05
£25,000+	0.05	0.04	0.05
£10,000+	0.05	0.04	0.05
£1+	0.00	0.00	0.00

A savings account for balances of £10,000 or more. Rates are variable. Interest is paid monthly on the first working day of the month.

There are no future interest rate changes currently being notified for this account.

Monthly interest (effective from 2 February 2009 to 1 March 2009).
The following rates (higher interest rates) are paid where no withdrawals have been made in the previous calendar month.
Balance	Gross rate pa%	Net rate pa%	AER%
£250,000+	0.40	0.32	0.40
£100,000+	0.40	0.32	0.40
£50,000+	0.40	0.32	0.40
£25,000+	0.40	0.32	0.40
£10,000+	0.40	0.32	0.40
£1+	0.30	0.24	0.30

The following rates (lower interest rates) are paid where one or more withdrawals have been made in the previous calendar month.
Balance	Gross rate pa%	Net rate pa%	AER%
£250,000+	0.10	0.08	0.10
£100,000+	0.10	0.08	0.10
£50,000+	0.10	0.08	0.10
£25,000+	0.10	0.08	0.10
£10,000+	0.10	0.08	0.10
£1+	0.00	0.00	0.00

A savings account for balances of £10,000 or more. Rates are variable. Interest is paid monthly on the first working day of the month.

Savings