• eSavings Account previous rates

    eSavings - accounts opened from 30 September 2014 - 03 August 2015

    Account balanceVariable annual interest with 12 month bonusVariable annual interest without 12 month bonus
    Gross%/AER% with 12 month bonusNet% with 12 month bonusGross%/AER% without 12 month bonusNet%
    £1+0.75%0.60%0.20%0.16%

    Accounts opened include a fixed introductory bonus of 0.55% gross payable for 12 months from the date of account opening. At the end of the bonus period rates without bonus will apply. Interest is paid annually on anniversary of account opening. We normally issue statements annually.

    eSavings account with 12 month bonus - Accounts opened from 20th Nov 2012 - 7th May 2013

    Amount InvestedAER/Gross % including bonus *Net % including bonus *
    £10,000+1.501.20
    £1+1.251.08

    These interest rates were correct from 20/11/2012 to 07/05/2013.

    * Includes a fixed introductory bonus of 0.50% on balances of £10,000 or more or 1.15% for balances of £1 to £9,999, payable for 12 months from the date of account opening. At the end of the bonus period, rates without bonus will apply. Please see the 'without bonus' table for current rates.

    eSavings account with 12 month bonus - Accounts opened from 29th Sept 2012 - 19th Nov 2012

    Amount InvestedAER/Gross % including bonus *Net % including bonus *
    £10,000+2.001.60
    £1+1.801.44

    These interest rates were correct from 29/09/2012 to 19/11/2012.

    * Includes a fixed introductory bonus of 1.00% on balances of £10,000 or more or 1.70% for balances of £1 to £9,999, payable for 12 months from the date of account opening. At the end of the bonus period, rates without bonus will apply. Please see the 'without bonus' table for current rates.

    eSavings account with 12 month bonus - Accounts opened from 14th Feb 2011 - 28th Sep 2012

    Amount InvestedAER/Gross % including bonus *Net % including bonus *
    £10,000+2.502.00
    £1+1.601.28

    These interest rates were correct from 14/02/2011 to 28/09/12.

    * Includes an introductory bonus of 1.50%, payable for 12 months from the date of account opening. At the end of the bonus period, rates without bonus will apply. Please see the 'without bonus' table for current rates.

    eSavings - accounts without bonus opened from 30 September 2014 - 03 August 2015

    Amount InvestedAER/Gross % including bonusNet % including bonus
    £1+0.200.16

    These interest rates were correct from 30/09/2014 to 03/08/2015.

    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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