What is the interest rate?
Annual interest option
Account Balance | Gross 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 Variable 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 | 2.40% | 2.40% |
Less than £1 | 0.00% | 0.00% |
Interest is worked out daily on your closing balance and is paid annually in March.