Personal | Non Personal | Pension
Maturity Base Rate Tracker Interest Rates
These accounts are only available to existing Fixed Term Deposit Account customers whose accounts are about to mature.
Current Interest Rates
Effective from Monday 23rd March 2020
|Balances||Gross Interest Rate/AER (variable)|
|£100 and above||0.10%|
Previous Interest Rates
For previous interest rate information for your account, call our customer service team on 0345 845 0829.
Key Product Information for our Savings Account(s)
|Account Name||Maturity Base Rate Tracker|
|Please see above for full information.
Interest rates are variable.
|Tax Status||Interest will be paid gross and you will be responsible for paying any tax due to HMRC.|
|Conditions for Bonus Payment||No bonus payment applies to this account.|
|Withdrawal Arrangements||No notice period or charges for withdrawals.|
|Access||Phone/Post. Internet banking is available with personal accounts.|
Interest Payment Periods
A choice of interest payment periods of either monthly*, quarterly or annually is available for the Maturity Base Rate Tracker.
*Personal accounts require a minimum balance of £10,000 for monthly interest. Non Personal and Pension Fund accounts require a minimum balance of £50,000 for monthly interest.
On the interest rate table you may see some terms you are unfamiliar with. These are:
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).
Gross — Gross rate means that we will not deduct tax automatically from your interest. You are responsible for paying any tax due to HMRC.
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.