Child Trust Fund
The interest rate is variable. A fixed bonus of 1.00% AER/Tax-free per annum will be payable, for the first two 'subscription years', for those accounts which have made an additional investment of £250 or more into their CTF during the subscription year, in addition to any government contributions. We offer an alternative stakeholder product through Engage Mutual Assurance.
More information about this account is available.
CHILD TRUST FUND
| Including Bonus | Excluding Bonus | |
|---|---|---|
| Account Balance | AER/Gross % | AER/Gross % |
| £250 & over | 2.25 | 1.25 |
Rates effective from 1st May 2010
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.
