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Interest rates

Taxable, paid net / fixed

		Term	Gross rate pa/AER	Net rate pa
		1-year Issue 44 Guaranteed rate for first year	4.75%	3.80%
		3-year Issue 38 Guaranteed rate for first 3 years	4.75%	3.80%
		5-year Issue 35 Guaranteed rate for first 5 years	4.75%	3.80%

To find out how much your Bond would be worth at the end of its term if you choose the growth option, or how much income you would receive, go to calculator.

For a summary of the rates for all our products, see interest rates.

Definitions

Gross is the taxable rate of interest without the deduction of UK Income Tax.

Net is the rate of interest payable after the deduction of UK Income Tax at the rate specified by law (currently 20.00%).