Income Generator - Issue 1 (closed account)
Financial Services Compensation SchemeWe are part of the Financial Services Compensation Scheme (FSCS). Details of the scheme, and who is covered by it, are available here.
Income Generator - Issue 1 - Monthly Interest (Closed Account)
| Account Balance|| AER %|| Gross %|
| £5,000 & over|| 0.55|| 0.55|
Rate effective from 1st March 2017
- 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.
- Full terms and conditions are available on request.