Current Savings Products and Rates

Account Type		Gross Rate	Net Rate	Tax Free Rate	AER
ISA — Instant Access ISA
		2.20		2.20	2.20
Beacon — Instant Access provided balance left after withdrawal is at least £10000. Otherwise 90 day notice or 90 day loss of interest
On that portion of the balance	Over 65000	1.80	1.44		1.80
	Over 25000	1.55	1.24		1.55
	Over 10000	1.25	1.00		1.25
	Over 1000	1.05	0.84		1.05
Eden 30 — 30 day notice of withdrawal or 30 days loss of interest
On balances	Over 30000	1.00	0.80		1.00
	Over 10000	0.75	0.60		0.75
	Over 1000	0.55	0.44		0.55
Eden 90 — 90 day notice of withdrawal or 90 days loss of interest
On balances	Over 30000	2.30	1.84		2.31
	Over 10000	1.30	1.04		1.30
	Over 1000	1.05	0.84		1.05
Monthly Income —Interest paid monthly into a bank account. 30 days notice of withdrawal required
		1.60	1.28		1.60
Junior Saver — Account holder under 18 years of age. 1.25% bonus applied on birthday
		1.60	1.28		1.60
Instant Access — Instant Access account
On balances	Over 20000	0.80	0.64		0.80
	Over 10000	0.60	0.48		0.60
	Over 5000	0.50	0.40		0.50
	Over 1000	0.45	0.36		0.45
	Under 1000	0.40	0.32		0.40
Gross Account — Instant Access. For unincorporated bodies, charities, clubs and non resident investors
		1.10		1.10	1.10
Deposit Account — Instant Access. For corporate bodies, client accounts, trusts etc
On balances	Over 20000	1.30			1.30
	Over 1000	0.45			0.45
	Under 1000	0.40			0.40
Ordinary — Closed issue
		0.40	0.32		0.40
Preference — Closed issue
		0.40	0.32		0.40
Maximizer — Closed issue
		1.55			1.55
Accumulator — Closed issue
		2.20	1.76		2.20

Interest will be paid gross to eligible non taxpayers who register with us as required by HMRC.

Interest payable will be paid or credited after deduction of income tax at 20% or, subject to the required certification, gross.
Where the tax deducted exceeds an investor's tax liability (if any), a claim may be made to HMRC for repayment of tax. For individuals whose income falls within the lower or basic rate bands, the tax deducted will match their liability to tax on the interest and they will have no more tax to pay on it. Individuals who are liable at the higher rate of income tax of 40% will have to pay additional tax on the interest to cover the difference between the tax deducted and the higher rate tax due.

AER stands for Annual Equivalent Rate and illustrates what the interest Rate would be if interest was paid and added each year. interest is payable half-yearly on Preference, Eden 30, Eden 90 and Gross Account, monthly on Monthly Income and annually on all other share and deposit types.