Instant accounts

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Notice accounts and bonds

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Useful Information

Current interest rates

Useful Information

Interest rate page updated 25/06/08.

Amount	Gross Rate % p.a.	AER%	Net Rate % p.a.
Direct Saver (Annual Interest)
£50,000 +	4.70	4.70	3.76
£25,000 - £49,999	4.35	4.35	3.48
£10,000 - £24,999	4.20	4.20	3.36
£1 - £9,999	3.95	3.95	3.16
Bonus 30 Account (Annual Interest) *
£100,000 +	4.40	3.40	3.52
£50,000 - £99,999	4.35	3.35	3.48
£25,000 - £49,999	4.05	3.05	3.24
£10,000 - £24,999	3.75	2.75	3.00
£5,000 - £9,999	3.15	2.15	2.52
£1 - £4,999	2.90	1.90	2.32
*The gross and net rates for the current interest rates illustrate the interest rate when a full year's bonus is payable. A bonus of 1.00% gross per annum is paid annually on the last business day of March (where you have made no more than 4 withdrawals during the annual period) and is calculated on the daily cleared credit balance for that annual period (starting on the last business day of March).
Royalties Saver account
£250,000 +	4.10	4.10	3.28
£100,000 - £249,999	4.00	4.00	3.20
£50,000 - £99,999	3.90	3.90	3.12
£25,000 - £49,999	3.80	3.80	3.04
£2,000 - £24,999	3.60	3.60	2.88
£0 - £1,999	0.10	0.10	0.08
We calculate interest on a daily basis. We add this interest to your account (or to another account held at the same branch) annually at the end of March. This account is only available to Royalties Gold, and Royalties Private account holders and those we invite to open an account.
Instant Access Cash ISA (Annual Interest)
£24,000 +	5.25	5.25	n/a
£15,000 - £23,999	4.95	4.95	n/a
£9,000 - £14,999	4.65	4.65	n/a
£3,000 - £8,999	4.45	4.45	n/a
£1 - £2,999	4.25	4.25	n/a
Private Banking Deposit Account
£1,000,000 +	4.41	4.50	3.53
£100,000 +	3.98	4.05	3.18
£50,000 +	3.74	3.80	2.99
£25,000 +	3.49	3.55	2.79
£10,000 +	3.25	3.30	2.60
£5,000 +	3.01	3.05	2.41
£1 +	2.76	2.80	2.21

Amount	Gross Rate % p.a.	AER%	Net Rate % p.a.
Instant Access Savings Account (Annual Interest)
£25,000 +	1.55	1.55	1.24
£10,000 - £24,999	1.45	1.45	1.16
£5,000 - £9,999	1.40	1.40	1.12
£1 - £4,999	1.30	1.30	1.04
Offset Instant Access Savings Account (Monthly Interest)
£25,000 +	1.55	1.56	1.24
£10,000 - £24,999	1.45	1.46	1.16
£5,000 - £9,999	1.40	1.41	1.12
£1 - £4,999	1.30	1.31	1.04

Amount	Gross Rate % p.a.	AER%	Net Rate % p.a.
Telephone Saver
£50,000 +	4.50	4.50	3.60
£10,000 - £49,999	4.00	4.00	3.20
£1 - £9,999	3.75	3.75	3.00

Amount	Gross Rate % p.a.	AER%	Net Rate % p.a.	Tracking Rate -% below Bank of England Base Rate
Instant Savings Tracker (Annual Interest) Including 2% Bonus
£50,000 +	5.75	4.25	4.60	1.25
£25,000 - £49,999	5.50	4.00	4.40	1.50
£10,000 - £24,999	5.25	3.75	4.20	1.75
£5,000 - £9,999	4.65	3.15	3.72	2.35
£500 - £4,999	4.40	2.90	3.52	2.60
£1 - £499	N/A	N/A	N/A	n/a
An additional 2% gross p.a. bonus is payable for the first 3 months the account is opened on accounts opened between 23 June and 6 September 2008. The bonus is only applicable on minimum balances of £500 or more and will be paid at the end of March 2009.
Instant Savings Tracker (Annual Interest) Excluding 2% Bonus
£50,000 +	3.75	3.75	3.00	1.25
£25,000 - £49,999	3.50	3.50	2.80	1.50
£10,000 - £24,999	3.25	3.25	2.60	1.75
£5,000 - £9,999	2.65	2.65	2.12	2.35
£500 - £4,999	2.40	2.40	1.92	2.60
£1 - £499	1.90	1.90	1.52	n/a
We calculate interest on a daily basis. We add this interest to your account (or to another account at the same branch) every year on the last business day of March. The tracking rate only applies to interest on balances of £500 or more until 1 February 2009. You may make 3 withdrawals without separate charge during each 3 month period that you have your account (the first of which will commence on the date on which the account was opened). We will charge you £1.50 when you make each further withdrawal.

Amount	Gross Rate % p.a.	AER%	Net Rate % p.a.
One Year Fixed Rate Bond Issue 280 (Annual Interest) Start Date: 30 September 2008 Maturity Date: 30 September 2009
£2,500 - £24,999	5.00	5.00	4.00
£25,000 - £49,999	5.50	5.50	4.40
£50,000 - £500,000	6.00	6.00	4.80
Until 30 September 2008 any deposit will attract a rate of 4.25% gross, 3.40% net.
One Year Fixed Rate Bond Issue 280 (Monthly Interest) Start Date: 30 September 2008 Maturity Date: 30 September 2009
£2,500 - £24,999	5.00	n/a	4.00
£25,000 - £49,999	5.00	n/a	4.00
£50,000 - £500,000	5.00	n/a	4.00
Until 30 September 2008 any deposit will attract a rate of 4.25% gross and 3.40% net. One Year Bond - Withdrawal conditions: No withdrawals are allowed from a one year bond account. The AER is not given on the monthly interest option as it is not possible for monthly interest to be paid into nor compounded in a Fixed Rate Bond.

Amount	Gross Rate % p.a.	AER%	Net Rate % p.a.	Tracking Rate -% below Bank of England Base Rate
First Home Saver (Annual Interest) Including 2% Bonus
£50,000 +	5.75	4.25	4.60	1.25
£25,000 - £49,999	5.50	4.00	4.40	1.50
£10,000 - £24,999	5.25	3.75	4.20	1.75
£5,000 - £9,999	4.65	3.15	3.72	2.35
£500 - £4,999	4.40	2.90	3.52	2.60
£1 - £499	N/A	N/A	N/A	n/a
An additional 2% gross p.a. bonus is payable for the first 3 months the account is opened on accounts opened between 23 June and 6 September 2008. The bonus is only applicable on minimum balances of £500 or more and will be paid at the end of March 2009.
First Home Saver (Annual Interest) Excluding 2% Bonus
£50,000 +	3.75	3.75	3.00	1.25
£25,000 - £49,999	3.50	3.50	2.80	1.50
£10,000 - £24,999	3.25	3.25	2.60	1.75
£5,000 - £9,999	2.65	2.65	2.12	2.35
£500 - £4,999	2.40	2.40	1.92	2.60
£1 - £499	1.90	1.90	1.52	n/a
We calculate interest on a daily basis. We add this interest to your account (or to another account at the same branch) every year on the last business day of March. The tracking rate only applies to interest on balances of £500 or more until 1 February 2009. You may make 3 withdrawals without separate charge during each 3 month period that you have your account (the first of which will commence on the date on which the account was opened). We will charge you £1.50 when you make each further withdrawal.

Amount	Cashback
First Home Saver Tax-free Cashback
Over £50,000	£5,000
Up to £50,000	£2,500
Up to £25,000	£1,000
Up to £10,000	£500
£500 to £5,000	£100
Cash back is paid provided the Terms and Conditions of the First Home Saver Account are met. The amount of cashback is based on the lowest savings balance in the 6 months before the mortgage is drawn down. It is exempt from tax as it falls within HM Revenue & Customs Statement of Practice SP4/97.

Amount	Gross Rate %	AER %	Net Rate%
Rainbow Savings account (Annual Interest)
£1 +	4.35	4.35	3.48

Gross rate

'Gross rate' means the interest rate you are paid before the deduction of income tax.

Annual Equivalent Rate (AER)

This is the notional rate used for interest bearing accounts which illustrates what the gross credit interest rate (excluding any bonus payable) would be if paid and compounded on an annual basis.

Net Rate

This is the interest rate you are paid after the deduction of income tax.

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Online Banking

Instant accounts

ISAs

Notice accounts & bonds

Investing

Useful Information

Current interest rates

Useful Information

Gross rate

Annual Equivalent Rate (AER)

Net Rate