Interest Rates
| Effective from | AER | Gross PA | Net PA | |||||
| 17-04-2009 | 0.50% | 0.50% | 0.40% | |||||
| 16-03-2009 | 1.00% | 1.00% | 0.80% |
- Our standard variable rate is 0.50% AER (0.50% gross p.a.) on deposits of £1 and over. Must be UK resident, for tax purposes. You must be 18 years or older.
- New customers who have not held an ING Direct Savings Account in the last six months can enjoy a rate of 2.90% AER (2.86% gross p.a.) variable including a 2.36% gross p.a. bonus fixed for 12 months. This rate applies from the business day following account opening on balances up to £250,000 plus resulting interest. Otherwise standard variable rate applies, currently 0.50% AER (0.50% gross p.a.). After 12 months the rate will revert to the standard variable rate
- Interest is calculated daily and credited to your account on the last day of each month.
- AER stands for annual equivalent rate and illustrates what the interest rate would be if interest was paid and compounded once each year.
- Gross per annum is the annualised rate before deduction of tax at standard rate.
- Net per annum is the annualised rate after deduction of tax at standard rate (currently 20%).
- Interest is variable.
- We may record or monitor calls.
- Full details of historical base rates are available from the Bank of England Website