Credit interest rates Interest bearing legacy accounts

Gold Plus, Premier Plus, Select Plus & Platinum Plus (no longer on sale)

Balance Interest paid monthly
Your current rate Rate from 2 May 2020
  AER % Gross % AER % Gross %
£0 - £1,500 3.00 2.96 1.50 1.49
These interest rates are correct as at 17/02/2020.
 
Please note the interest rate will be 1.50% AER/1.49% gross variable from 2 May 2020

Explanation of terms

Gross rate

The contractual rate of interest payable before deduction of income tax at the rate specified by law.


AER

AER stands for Annual Equivalent Rate and illustrates what the interest rate would be if interest was paid and compounded once each year.

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