Interest Rates
Reserve Account
and Accumulation Account Rates
|
Currency
|
Minimum Balance
|
*Gross Interest Rate p.a.
|
Annual *Gross **AER %
|
|
STERLING
|
5,000
|
2.25%
|
2.25%
|
|
US DOLLARS
|
7,500
|
1.75%
|
1.75%
|
|
EURO
|
7,500
|
0.35%
|
0.35%
|
Please note: Accumulation Account - The minimum balance must
be maintained on the account if interest is to continue
accruing.
Indicative High Interest Accumulation Account Rates
|
Deposit £
|
Interest
|
|
0 – 49,999
|
0.000%
|
|
|
3.500%
|
|
100,000 – 249,999
|
3.750%
|
|
250,000 – 499,999
|
4.000%
|
|
500,000 – 999,999
|
4.250%
|
|
1,000,000+
|
4.375%
|
|
Deposit
€
|
Interest
|
|
0 – 74,999
|
0.000%
|
|
75,000 – 149,999
|
1.250%
|
|
150,000 – 349,999
|
1.500%
|
|
350,000 – 749,999
|
1.750%
|
|
750,000
– 1,499,999
|
2.000%
|
|
1,500,000+
|
2.125%
|
|
Deposit US$
|
Interest
|
|
0 – 74,999
|
0.000%
|
|
75,000 – 199,999
|
3.250%
|
|
200,000 – 499,999
|
3.500%
|
|
500,000 – 999,999
|
3.750%
|
|
1,000,000 – 1,749,999
|
4.000%
|
|
1,750,000+
|
4.125%
|
Please note: The minimum balance must be maintained on the
account if interest is to continue accruing.
Indicative Fixed Term Deposit Rates (Sterling)
|
Term
|
£50,000 |
£100,000 |
|
Interest Rate
|
*Gross interest rate p.a.% |
Annual *Gross **AER % |
*Gross interest rate p.a.% |
Annual *Gross **AER % |
| 1 month |
3.398 |
3.461 |
3.778 |
3.854 |
|
3 months
|
3.523 |
3.590 |
3.903 |
3.984 |
|
6 months
|
3.523 |
3.590 |
3.903 |
3.984 |
|
1 year
|
3.585 |
3.655 |
3.965 |
4.049 |
| Term |
£250,000 |
£500,000 |
| Interest Rate |
*Gross interest rate p.a.% |
Annual *Gross **AER % |
*Gross interest rate p.a.% |
Annual *Gross **AER % |
|
1 month
|
4.028 |
4.114 |
4.148 |
4.239 |
|
3 months
|
4.153 |
4.244 |
4.273 |
4.369 |
|
6 months
|
4.153 |
4.244 |
4.273 |
4.369 |
|
1 year
|
4.215 |
4.309 |
4.335 |
4.435 |
Please note that all of the
above rates are subject to change but are correct as
at 19th December 2005
For rates on all other currencies or structured
deposit services, please call our Customer Services Team on
+44 (0)1624 645000.
* Gross - the rate of interest paid without
deduction of tax. Please note that if you are an individual,
resident within the EU, your interest may be subject to a Retention
Tax charge. Please click
here
for further information. Important - you must declare any
interest earned to the income tax authorities in your country of
residence.
** AER - (Annual Equivalent Rate) - this
represents the annual rate effectively received by the customer if
interest at the gross rate applied during a year remains in the
account, and itself earned interest.