Deposit Account Interest Rates

Demand Deposit Account (Instant Access)

Effective from close of business 04.09.18. Interest is payable annually.

	Current Gross/AER*
All balances	0.10%
_{Demand Deposit Account (Instant Access) has a variable rate (can change from time to time)}

Fixed Rate Saver

Effective from close of business 08.05.18. Interest is paid annually/ on maturity.

	Current Gross/AER*	Current Fixed Gross Return Rate
6 Month term rate	0.60%	0.30%
12 Month term rate	1.10%	1.10%
2 Year term rate	1.50%	3.02%
_{Fixed Rate Saver is a fixed term deposit account (rate is fixed for the duration of the term).}

Savings Direct - Variable Rate Accounts

Interest is payable annually in April.

Rate bands are between £1 to £1,000,000.

Effective from close of business 10.01.18

Product	Current Variable Rates. Gross/AER*
Savings Direct Easy Access – Issue 1	0.50%
Savings Direct Easy Access – Issue 2	0.50%
Savings Direct Easy Access – Issue 3	0.50%
Savings Direct Easy Access (previously EARA Issue 1 & 2)	0.50%
Savings Direct 7 Day Notice – Issue 1	0.50%
Savings Direct 7 Day Notice – Issue 2	0.50%

Accounts no longer available to open

Savings Direct Fixed Rate Bonds

Rates are effective from close of business 08.05.18. Interest is payable annually/ on maturity.

Rate bands are between £5,000 to £2,000,000.

Product

Current Fixed Rates.

AER**/Gross*%

Current Fixed Gross Return Rate

Savings Direct 1 Year Fixed Rate Bond

1.10%

Savings Direct 2 Year Fixed Rate Bond

1.50%

3.02%

Available to Existing Customers only.

Fixed Rate Bonds are fixed term deposit accounts (rate is fixed for the duration of the term).

*Gross stands for contractual rate of interest payable before the 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.

All rates are variable (can change from time to time) unless stated otherwise.

From the 6 April 2016 credit interest on all accounts will be paid gross (under new legislation tax will not be deducted when credit interest is paid). If your credit interest is more than your Personal Savings Allowance you may still have tax to pay. Please see www.gov.uk for information on the Personal Savings Allowance or speak to a tax advisor.