Rate of interest payable and tax treatment depends on individual circumstances and may be subject to change in the future.

If the balance of the account falls below the minimum, a variable interest rate of 1.50% gross/AER* will be paid. The minimum balance for each account is determined by the lowest band.

*AER stands for Annual Equivalent Rate and illustrates what the interest rate would be if interest was paid and compounded once each year.

The "gross" interest rate quoted is the contractual rate of interest payable before the deduction of Income tax specified by law. The "tax exempt (free)" interest rate quoted is the contractual rate of interest payable where interest is exempt from Income tax.