Christmas Saver (Issue 2)
More information about this account is available.
CHRISTMAS SAVER ACCOUNT (Issue 2)
| Including Bonus | Excluding Bonus | |||
|---|---|---|---|---|
| Account Balance | AER/Gross % | Net % | AER/Gross % | Net % |
| 1 & over | 2.25 | 1.80 | 1.25 | 1.00 |
Rates effective from 1st April 2009
Important Information
- Interest rates are variable. Bonuses are fixed unless otherwise stated. If eligible, the bonus payment will be paid annually and included with the interest payment following the close of business on 31 March or otherwise, subject to the account terms and conditions and to the account remaining open at the payment date.
- '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.
