Monthly Saver

Rate effective from 23 May 2008

4.95% Gross p.a. AER* (variable)

Key Features

• Open your account with as little as £20

• Set your monthly savings at a level that suits you (min. £20, max. £500)

• Open and operate your account online.

• Monthly savings made easy using monthly direct debit from your bank account or monthly transfer from your existing National Counties account.  Withdrawals can be paid directly to your bank account

• Miss one monthly payment each year without affecting your interest

• Two no notice, no penalty withdrawals allowed in any 12 month period

*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.