2 Year Variable Rate Bond 5th Issue
TWO YEAR VARIABLE BOND (Issue 5) - Annual Interest (closed account)
| Account Balance | AER/Gross % | Net % |
| £100,000 & over | 2.10 | 1.68 |
| £50,000 - £99,999 | 2.00 | 1.60 |
| £25,000 - £49,999 | 1.25 | 1.00 |
| £10,000 - £24,999 | 1.00 | 0.80 |
| £5,000 - £9,999 | 0.75 | 0.60 |
Rates effective from 1st April 2009
TWO YEAR VARIABLE BOND (Issue 5) - Monthly Interest (closed account)
| Account Balance | AER % | Gross % | Net % |
| £100,000 & over | 2.02 | 2.00 | 1.60 |
| £50,000 - £99,999 | 1.92 | 1.90 | 1.52 |
| £25,000 - £49,999 | 1.16 | 1.15 | 0.92 |
| £10,000 - £24,999 | 0.90 | 0.90 | 0.72 |
| £5,000 - £9,999 | 0.65 | 0.65 | 0.52 |
Rates effective from 1st April 2009
Important Information
- Interest rates are variable and calculated on a daily basis. Bonus rates are fixed (unless otherwise stated), calculated on a daily basis and paid annually in accordance with the account terms and conditions.
- 'AER' stands for Annual Equivalent Rate and illustrates what the interest rate would be if interest was paid and compounded each year. As every advert for a savings product will contain an AER, you will be able to compare more easily what return you can expect from your savings over time.
- The gross rate is the contractual rate of interest payable before the deduction of income tax at the specified rate.
- 'Net' means the rate of interest payable after income tax is deducted at the appropriate rate, currently 20%.
- Full terms and conditions are available on request.
