| Interest rates (AERs) | Gross | Net | AER | |
| Monthly income option | ||||
These rates apply from 17 August 2009.
Gross % rate is the contractual rate of interest payable before the deduction of income tax at the rate specified by law.
The 'net rate' is the rate of interest which would be payable after allowing for the deduction of income tax at the specified rate.
AER % rate stands for the Annual Equivalent Rate and illustrates what the interest rate would be if interest was paid and compounded once each year.
Gross % rate is the contractual rate of interest payable before the deduction of income tax at the rate specified by law.
The 'net rate' is the rate of interest which would be payable after allowing for the deduction of income tax at the specified rate.
AER % rate stands for the Annual Equivalent Rate and illustrates what the interest rate would be if interest was paid and compounded once each year.
Download our latest interest rates
Product features
- 3-year savings bond with fixed rates of interest that are guaranteed to increase each year
- Save from £1,000 to £250,000
- Choice of annual or monthly interest
- Withdrawals allowed in second and third years, subject to conditions
- No additional deposits allowed
- Interest may be capitalised to this Bond, transferred to another Leek United account or paid direct to your bank account
- Initial deposits, by cheque, should be made payable to yourself and not Leek United
For full terms and conditions click here.
Download an application form - please return BOTH sections of the form
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