Advantage Saver previous rates

Advantage Saver with bonus - Accounts opened from 3 November 2012 to 3 May 2013

Interest Annual Interest Monthly Interest
Tiers
AER % with 12 month bonus
Net % with bonus
AER % with 12 month bonus
Gross % with bonus
Net % with bonus
£1+
1.50 1.20 1.50 1.48 1.19
These rates are correct as on 03/11/2012.
 
The bonus rate is 1.60% with the underlying rate at 0.20% for balances £1+.

The gross and net rates above include the twelve month fixed introductory bonus. At the end of the bonus period, rates without bonus will apply. Please see the Advantage Saver without bonus table below.
 

Advantage Saver without bonus - Accounts opened from 3 November 2012 to 3 May 2013

Interest Annual Interest Monthly Interest
Tiers
AER/Gross % without bonus
Net % without bonus
AER % without bonus
Gross % without bonus
Net % without bonus
£1+
0.20 0.16 0.20 0.20 0.16
 

Annual interest - Accounts opened from 9 August 2010 to 2 November 2012

Interest tiers Accounts with bonus opened from 9 August 2010 to 2 November 2012 
Variable annual interest
Accounts without bonus opened between 9 August 2010 and 18 August 2012 
Variable annual interest
Accounts without bonus opened from 19 August 2012 to 2 November 2012 
Variable annual interest
 

Gross%/AER with 12 month bonus

Net% with 12 month bonus

Gross%/AER%
Net%
Gross%/AER%
Net %
£1+
1.80 1.44 1.00 0.80 0.20 0.16
 
 
You need to be a Select/Silver/Gold/Platinum/Premier current account customer to holdthis account. Accounts opened will receive a fixed introductory bonus of 1.60% gross, payable for 12 months from the date of opening. The gross and net rates include the bonus and at the end of the bonus period, variable rates without bonus will apply. Interest is paid annually on the anniversary of account opening. For this account we normally issue statements quarterly.
 

Monthly Interest - Accounts opened from 9 August 2010 to 2 November 2012

Interest tiers Accounts with bonus opened from 9 August 2010 to 2 November 2012 
Variable monthly interest
Accounts without bonus opened between 9 August 2010 and 18 August 2012 
Variable monthly interest
Accounts without bonus opened from 19 August 2012 to 2 November 2012 
Variable monthly interest
 
Gross% with 12 month bonus
AER% with 12 month bonus
Net% with 12 month bonus
Gross%
AER%
Net %
Gross
%
AER
%
Net
%
£1+
1.80 1.79 1.43 1.00 1.00 0.80 0.20 0.20 0.16
 
You need to be a Select/Silver/Gold/Platinum/Premier current account customer to hold this account. Accounts will receive a fixed introductory bonus of 1.60% gross, payable for 12 months from the date of account opening. The gross and net rates include the bonus and at the end of the bonus period, variable rates without bonus will apply. Interest is paid monthly on the same date. For this account we normally issue statements quarterly.

Accounts opened before 9 August 2010

Interest Variable annal Interest
 
Gross%/AER%
Net%
AER%
Gross%
Net%
£100,000+
1.00 0.80 1.00 1.00 0.80
£50,000-99,999
0.90 0.72 0.90 0.90 0.72
£25,000-49,999
0.80 0.64 0.80 0.80 0.64
£250-24,999
0.75 0.60 0.75 0.75 0.60
£1-249
0.10 0.08 0.10 0.10 0.08
 
You need to be a Select/Silver/Gold/Platinum/Premier current account customer to hold this account. Interest is paid annually on the anniversary of account opening or monthly on the same date. For this account we normally issue statements quarterly.
 

Explanation of terms

AER stands for Annual Equivalent Rate. It illustrates what your interest rate would be if interest was paid and compounded each year and allows you to easily compare different savings accounts. As every advertisement for a savings product, which quotes an interest rate, will contain an AER you will be able to compare more easily what return you can expect from your savings over time.

Gross rate means that credit interest is paid without income tax being deducted. You can receive your interest paid gross if you are a non-tax payer and have completed an HMRC R85 form.

Tax-free is the contractual rate of interest payable where interest is exempt from income tax.

Net rate is the rate of interest the account pays after lower rate tax has been deducted. If you are a non-taxpayer, you can reclaim the tax by completing an HMRC R85 form. As the rate of tax may vary, the net rate is given for illustration only and is rounded to two decimal places.

 
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