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A Personal Estate account is used for the specific purpose of holding ISA funds until a customer's estate has been settled, following notification of the death of a cash ISA account holder.

Current interest rates

Rates effective from:

Balance

Tax-free per year %

AER %

3 September 2018 - present

£1 - £29,999

0.60

0.60

£30,000 - £99,999

0.65

0.65

£100,000+

0.75

0.75

Previous interest rates

The previous rates payable on the account, without any introductory bonus, are set out here. 

Rates effective from:

Balance

Tax-free per year %

AER %

1 December 2017 – 2 September 2018

£1 - £29,999

0.55

0.55

£30,000 - £99,999

0.65

0.65

£100,000+

0.75

0.75

Further information

Mortgage offset:

No

Interest rate:

Rates are variable. Interest is calculated daily using your statement balance and is paid on the first working day of each month.

Gross:

The rate of interest payable without tax taken off.

Tax:

Interest is paid gross. If you’re a UK taxpayer, you may have to pay tax on interest earned in excess of your Personal Savings Allowance.

For information and guidance please refer to the HMRC website.

Please note, it’s your responsibility to ensure that any tax due on interest payments received is paid to the appropriate tax authority.

AER:

Annual Equivalent Rate. This illustrates what the interest rate would be if interest was paid and compounded once each year.

 

For additional information, download our Personal Estate Account terms and conditions. They are in addition to the general conditions of your Customer Agreement with us.

Read important information about our interest rates, the Financial Services Compensation Scheme, and your cancellation rights.