Account name | |
|---|---|
Interest rates (AERs) | Variable interest. Includes a 12 month fixed bonus from account opening and then guaranteed to pay a gross interest rate no lower than 1.50% below the Bank of England base rate until December 2010. Interest paid annually. View full interest rates. |
Tax status | Interest is paid net of basic rate income tax. |
Conditions for bonus payment | Fixed bonus paid for first 12 months from date of account opening. |
Withdrawal arrangements | No notice period. |
Access | Web, phone and branch. Optional Cashpoint® card. |
View Easy Saver important information.
Explanation of terms
AER stands for Annual Equivalent Rate and illustrates what the interest rate would be if interest was paid and compounded each year. As every advertisement for a savings product, which quotes an interest rate, will contain an AER you will be able to compare more easily what return you can expect from your savings over time.
Gross rate is the contractual rate of interest payable before the deduction of income tax at the rate specified by law.
