Gross Rate

Gross interest is the annual rate of interest you'll earn from a savings account before tax is taken off.

Tax-Free

Tax-free means you are exempt from UK Income Tax. Tax treatment is dependent on the personal circumstances of each customer and may be subject to change in the future. 

Best Rate Guarantee

This means that on variable rate products, we promise you’ll always receive the same rate as new customers on like-for-like products. And on our fixed rate products, you’ll receive the interest rate shown at the time you apply or if we increase our product rate before you make your initial deposit, you’ll receive the higher interest rate. 

AER

AER stands for Annual Equivalent Rate and shows what the interest rate would be if interest were paid and added to your account each year. 

Term Breakage Charge

This is a charge or loss of interest applied if you make a withdrawal from a Fixed ISA product.