1st Issue Stepped Rate Bond (withdrawn)
rate steps up to 6.00% gross p.a.
Launched: 7 September 2009
Withdrawn: 22 February 2010
| Annual interest | Monthly interest | |||
|
Period to: |
Gross | Net | Gross | Net |
|---|---|---|---|---|
| 28/02/2011 | 3.75% | 3.00% | 3.66% | 2.93% |
| 31/05/2012 | 4.00% | 3.20% | 3.91% | 3.13% |
| 31/05/2013 | 4.50% | 3.60% | 4.41% | 3.53% |
| 28/02/2014 | 5.00% | 4.00% | 4.91% | 3.93% |
| 31/08/2014 | 6.00% | 4.80% | 5.91% | 4.73% |
overall rate 4.37% Gross AER*
overall rate 4.37% Gross AER*
Key features
- Guaranteed fixed interest rate increases at intervals over the term
- Withdrawals available in February 2011, May 2012, May 2013, February 2014 and August 2014, subject to 14 days notice and 28 days loss of interest
- 5 year term - matures 31 August 2014
- Operate your account online
- Balances from £5,000 to £150,000
- Interest paid annually on 1 July and on maturity
- Monthly income option
The AER shown above is calculated based on the account launch date of 7 September 2009.
*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.
Further Information
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1st Issue Stepped Rate Bond
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