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CASH ISA INTEREST RATE
| Effective from | Gross rate guaranteed for 6 months from account opening |
Reverting to the variable Cash ISA gross rate | AER | ||
|---|---|---|---|---|---|
| 01-05-2008* | 5.6% | 4.65% | 5.25% | ||
| 01-03-2008 | 5.37% | 4.89% | 5.25% |
*Customers who are no longer on a guaranteed bonus rate will receive our variable Cash ISA rate, currently 4.65% gross p.a., equivalent to 4.75% AER.
- Our current rate is 5.6% per annum (p.a.) for 6 months from the day you open the account , reverting to our Cash ISA variable rate of 4.65% p.a. This is equivalent to 5.25% AER.
- The interest is calculated daily and paid monthly.
- The tax year runs from 6 April to 5 April the following year.
- A Cash ISA allows you to save from £1 to £3,600 each tax year and you can keep it open for as long as you like.
- Please remember you have a maximum Cash ISA allowance of £3,600 each tax year. This means that you cannot deposit more than £3,600 in a tax year, even if you make a withdrawal. For example if you save £3,600, then take out £500 you cannot make another deposit until the next tax year.
- AER stands for annual equivalent rate and illustrates the interest rate if it was paid and compounded once each year.