What is the interest rate?
Annual interest option
Account Balance | Gross/AER Variable Gross Interest Rates means we will not automatically deduct tax from the interest we pay on money in your account. It’s your responsibility to pay any tax you may owe to HM Revenue & Customs (HMRC). AER stands for Annual Equivalent Rate. It shows what the interest rate would be if interest were paid and added to your account each year. |
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£1 or more | 1.40% / 1.40% |
Less than £1 | 0.00% |
Interest calculated daily. We pay this to you twice each year in March and September.