*
AER means Annual Equivalent Rate and shows what the interest rate would
be if interest was paid and added each year.
**
Interest will be paid gross (that is before the deduction of income
tax) to non-taxpayers subject to eligibility and the required
registration. Otherwise interest will be paid after deduction of income
tax at the appropriate rate. Please note that gross interest can only
be paid to customers aged 16 or over if they are the named account
holder.
*** Net rates
(that is after the deduction of income tax) shown are for illustrative
purposes only. The interest you earn on this account will currently be
taxed at the rate of 20%.