Flexible Saver - Issue 1 (closed account)
The conditional bonus payment of 2.00% AER/Gross will be added to the individual Flexible Saver account on the first anniversary of the date of the account being opened (i.e. 12 months from account opening), provided the account remains open.
FLEXIBLE SAVER - Issue 1 - (Closed account)
| Including Bonus | Excluding Bonus | |||
|---|---|---|---|---|
| Account Balance | AER/Gross % | Net % | AER/Gross % | Net % |
| £1 & over (months 0-12) | 4.00 | 3.20 | 2.00 | 1.60 |
| £1 & over (month 13+) | 2.00 | 1.60 | ||
Rates effective from 1st January 2012
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.
