Credit interest rates Interest bearing legacy accounts
Gold Plus, Premier Plus, Select Plus & Platinum Plus (no longer on sale)
|Balance||Interest paid monthly|
|AER %||Gross %|
|£0 - £1,500||3.00||2.96|
Explanation of terms
The contractual rate of interest payable before deduction of income tax at the rate specified by law.
AER stands for Annual Equivalent Rate and illustrates what the interest rate would be if interest was paid and compounded once each year.