Current interest rates and charges
Effective from 1 September 2016:
|Balance tier||AER/tax-free (variable)||Charges|
|£10 and above
||Withdrawals by CHAPS transfer to another UK account - £25
We may charge for duplicate statements - £5
Previous interest rates
For previous interest rate information for your account please contact our customer service team on 0345 845 0829.
Interest payment periods
Interest can be paid annually on 1 April, or twice yearly on 1 April and 1 October.
Tax Free – This is the contractual rate of interest payable where interest is exempt from income tax.
AER – Stands for the Annual Equivalent Rate and illustrates what the interest rate would be if interest was paid and compounded once each year. (As every advertisement for a savings product which quotes an interest rate will contain an AER, you will be able to compare more easily what return you can expect from your savings over time).
The AER advertised is based on interest paid gross and capitalised to the account once a year – please note that other interest payment periods are available and the actual interest rate on your account will be lower if you have interest applied more frequently, but when compounded will equal the AER.
Key product information for our Savings Account(s)
||E-Cash ISA 3
Please see above for full information.
||Tax free savings. Interest is payable gross as long as HM Revenue and Customs requirements are met.
|Conditions for bonus payment
||No bonus payment applies to this account.
||No notice period or penalties for withdrawals.
||Internet, telephone and post