25th Issue Savings Bond

Rate effective 16 June 2008

6.25% gross p.a. AER*

fixed for 3 years

Key Features

• 3 year term

• Invest from £1,000 (£5,000 for monthly interest) to £75,000

• Fixed interest rate for the duration of the term

• Open and operate your account online.

• Early withdrawal facility, subject to 120 days' interest loss

• Monthly income option at a reduced rate

• Transfers from other National Counties saving accounts, without notice or penalty, are permitted to open a Bond, except for transfers from other fixed rate bonds

• Strictly limited issue (may be withdrawn at any time, without prior notice)

*Interest will be paid or credited after deduction of income tax at the lower rate of 20% or, subject to the required certification, gross.

AER stands for Annual Equivalent Rate and illustrates what the annual rate would be if interest was compounded.