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

Gross rate per year %

AER %

1 December 2016 - present

£1 - £14,999

0.40

0.40

£15,000 - £29,999

0.50

0.50

£30,000+

0.60

0.60

Previous interest rates

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

Rates effective from:

Balance

Gross rate per year %

AER %

23 September 2015 - 30 November 2016

£1 - £14,999

0.80

0.80

£15,000 - £29,999

0.90

0.90

£30,000+

1.00

1.00

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.

 

You can download these terms and conditions, which relate to the Personal Estate account. These 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.