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Interest rates

Taxable, paid gross / variable

		Total investment		Gross rate pa/AER
		Under £500		3.20%
		£500 - £4,999		3.25%
		£5,000 - £9,999		3.35%
		£10,000 - £24,999		3.55%
		£25,000 - £49,999		3.75%
		£50,000 +		4.10%

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.

AER (Annual Equivalent Rate) is a notional rate that illustrates what the annual rate of interest would be if the interest was compounded each time it was paid. Where interest is paid annually, the quoted rate and the AER are the same.