Our range / Fixed Interest Savings Certificates /

Interest rates

Tax-free / fixed

Minimum investment £100

		Term	Tax-free rate pa/AER	Equivalent gross rates*
		2-year 41st Issue Guaranteed compound rate over 2 years	2.60%	3.25% basic rate, 4.33% higher rate
		5-year 90th Issue Guaranteed compound rate over 5 years	2.70%	3.38% basic rate, 4.50% higher rate

* Equivalent gross rates for basic and higher rate taxpayers at current rates of tax.

To find out how much your Certificate would be worth at the end of its term, go to Calculator.

For a summary of the rates for all our products, see interest rates.

Year by year rates

Savings Certificates are designed to be held for the full term to earn the guaranteed compound rates shown above. The interest is calculated year-by-year at the following rates:

		Issue	Year	Rate
		2-year 41st Issue	1	2.5%
			2	2.71%
		5-year 90th Issue	1	2.3%
			2	2.4%
			3	2.6%
			4	2.9%
			5	3.31%

No interest is earned on Certificates (except Reinvestments) repaid in the first year, see terms and conditions.

Definitions

Tax-free means the interest and prizes are 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.