Fixed Rate/Fixed Term for 1 year
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| Gross | Net | AER | |
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| 1 Year Fixed Rate Bond | |||
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| £1,000+ | 6.10% | 4.88% | 6.10% |
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| Monthly income option | |||
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| £1,000+ | 5.94% | 4.75% | 6.10% |
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These rates apply from 1 August 2008.
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
- Fixed term of 1 year
- Early closure/withdrawal on loss of 120 days interest
- Save from £1,000 to £250,000
- Fixed interest rate for the term
- Choice of annual or monthly interest
- No additional deposits allowed
For full terms and conditions click here.
Download an application form - please return BOTH sections of the form
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