Interest rates
Tax-free / variable
Minimum investment £100.
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Tax-free rate pa/AER | Equivalent gross rates* | |
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2.50% Variable |
3.12% basic rate, 4.16% higher rate, 5.00% additional rate | |
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* Equivalent gross rates for basic and higher rate taxpayers at current rates of tax.
For a summary of the rates for all our products, see Current interest rates.
Definitions
Tax-free means the interest is exempt from UK Income Tax and Capital Gains Tax.
AER (Annual Equivalent Rate) is a notional rate that illustrates what the annual rate of interest would be if the interest was compounded each time it was paid. Where interest is paid annually, the quoted rate and the AER are the same.
