Wherever you live, if you’ve got a postal address and can reach a post box then you can add to your account and make withdrawals whenever you need to. And, with ISA savings and fixed rate bond options, you’ll have a savings portfolio that really delivers.
| Annual Interest with bonus | ||
|---|---|---|
| Your savings amount | Tax free % iv | AER % i |
| £1+ | 2.70 | 2.70 |
| Monthly Interest with bonus | ||
|---|---|---|
| Your savings amount | Tax free % iv | AER % i |
| £1+ | 2.67 | 2.70 |
| Annual interest without bonus | ||
|---|---|---|
| Your savings amount | Tax free % iv | AER % i |
| £1+ | 1.00 | 1.00 |
| Monthly interest without bonus | ||
|---|---|---|
| Your savings amount | Tax free % iv | AER % i |
| £1+ | 0.99 | 1.00 |
Interest rates effective from 27/06/11
| Annual Interest | |||
|---|---|---|---|
| Your savings amount | Gross % iii | AER % i | Net % ii |
| £100,000+ | 0.08 | 0.08 | 0.06 |
| £25,000-£99,999 | 0.07 | 0.07 | 0.06 |
| £10,000-£24,999 | 0.06 | 0.06 | 0.05 |
| £0-£9,999 | 0.05 | 0.05 | 0.04 |
| Monthly Interest | |||
|---|---|---|---|
| Your savings amount | Gross % iii | AER % i | Net % ii |
| £100,000+ | 0.08 | 0.08 | 0.06 |
| £25,000-£99,999 | 0.07 | 0.07 | 0.06 |
| £10,000-£24,999 | 0.06 | 0.06 | 0.05 |
| £0-£9,999 | 0.05 | 0.05 | 0.04 |
Interest rates effective from 27/06/11
i AER stands for Annual Equivalent Rate and illustrates what the interest rate would be if interest was paid and compounded once each year.
ii Net interest is paid or credited after deduction of income tax at the lower rate of 20%.
iii Gross interest is the rate payable before the deduction of income tax and can only be paid or credited subject to the required certification. Interest cannot be paid gross to individuals not ordinarily resident in the UK for tax purposes. Individuals whose income falls within the basic rate band will have no more tax to pay on their interest. Individuals who are higher rate taxpayers will have to pay the extra tax due on their interest (the difference between tax deducted at 20% and the higher rate of 40%).
iv The interest we pay is exempt from income tax provided that you have complied with the relevant legislation.
We may change the rates on an account at any time (other than fixed-rate accounts during the period of the fixed rate and C&G Bonus Tracker where the rates are guaranteed to track the Bank of England base rate). If you have one of the accounts shown and we change the rate, we will tell you using at least one of the ways set out in your account's conditions.
