Premium Tracker

The annual interest rate payable on this account will be the Bank of England Base Rate (or its successor) minus 0.5%, except during the month when this interest rate changes. In this event, the interest rate payable will change in line with the Bank of England Base Rate within 30 days. The interest rate is variable.

Please note, that as the Bank of England Base Rate is currently very low, we have elected to temporarily pay a higher rate of interest than that stipulated in the account terms and conditions.

PREMIUM TRACKER ACCOUNT (closed account)

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.