Main Features
- One-Year Fixed-Rate Bond Issue 66
- Open an account with £500 or more
- Emergency withdrawal facility – subject to a charge equivalent to 120 days’ gross interest on the amount withdrawn
- Fixed interest rate until 31 October 2011
When you’re really serious about money, and peace of mind tops your list of must-have features, you need to take a look at our fixed-rate, fixed-term savings accounts. With guaranteed returns from one of the UK’s most trusted financial institutions, you can look ahead with complete confidence.
| Annual interest | |||
|---|---|---|---|
| Your savings amount | Gross % iii | AER % i | Net % ii |
| £100+ | 2.05 | 2.05 | 1.64 |
| Monthly interest | |||
|---|---|---|---|
| Your savings amount | Gross % iii | AER % i | Net % ii |
| £100+ | 2.03 | 2.05 | 1.62 |
Interest rates effective from 31/08/10
| Annual interest | |||
|---|---|---|---|
| Your savings amount | Gross % iii | AER % i | Net % ii |
| £100+ | 3.05 | 3.05 | 2.44 |
| Monthly interest | |||
|---|---|---|---|
| Your savings amount | Gross % iii | AER % i | Net % ii |
| £100+ | 3.00 | 3.05 | 2.40 |
Interest rates effective from 31/08/10
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%).
Rate changes to a C&G account or to other generally available accounts can affect an account's relative competitiveness and we do not promise that our rates will be better than those available elsewhere. If your balance falls below the minimum shown in the tables, please refer to the conditions of that account or ask for details.
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