rates for other accounts

1. Where the balance falls below £1, interest will be earned at the prevailing basic rate, currently 0.10% gross p.a.

2. Gross is the rate of interest without the deduction of tax (please also see note 3).

3. Net is the annual rate of interest payable after the deduction of basic rate tax (currently 20%). Interest will be paid net or, subject to the required certification, gross. Where the tax deducted exceeds an investor’s tax liability (if any), a claim may be made to HM Revenue & Customs for repayment of tax. For individuals whose income falls within the basic rate band, the tax deducted will match their liability to tax on the interest and they will have no more tax to pay on it. Individuals who are liable at the higher rate of income tax of 40% will have to pay additional tax due. For further information please visit www.hmrc.gov.uk/individuals/babsi.htm.

4. AER stands for Annual Equivalent Rate and shows what the interest rate would be if interest was paid and added to the capital balance each year.

Rate fixed until 01/06/2009

1. Where the balance falls below £1, interest will be earned at the prevailing basic rate, currently 0.10% gross p.a.

2. Gross is the rate of interest without the deduction of tax (please also see note 3).

3. Net is the annual rate of interest payable after the deduction of basic rate tax (currently 20%). Interest will be paid net or, subject to the required certification, gross. Where the tax deducted exceeds an investor’s tax liability (if any), a claim may be made to HM Revenue & Customs for repayment of tax. For individuals whose income falls within the basic rate band, the tax deducted will match their liability to tax on the interest and they will have no more tax to pay on it. Individuals who are liable at the higher rate of income tax of 40% will have to pay additional tax due. For further information please visit www.hmrc.gov.uk/individuals/babsi.htm.

4. AER stands for Annual Equivalent Rate and shows what the interest rate would be if interest was paid and added to the capital balance each year.

Rate fixed until 01/06/2009

1. Where the balance falls below £1, interest will be earned at the prevailing basic rate, currently 0.10% gross p.a.

2. Gross is the rate of interest without the deduction of tax (please also see note 3).

3. Net is the annual rate of interest payable after the deduction of basic rate tax (currently 20%). Interest will be paid net or, subject to the required certification, gross. Where the tax deducted exceeds an investor’s tax liability (if any), a claim may be made to HM Revenue & Customs for repayment of tax. For individuals whose income falls within the basic rate band, the tax deducted will match their liability to tax on the interest and they will have no more tax to pay on it. Individuals who are liable at the higher rate of income tax of 40% will have to pay additional tax due. For further information please visit www.hmrc.gov.uk/individuals/babsi.htm.

4. AER stands for Annual Equivalent Rate and shows what the interest rate would be if interest was paid and added to the capital balance each year.

5. The rate is fixed until 20 January 2009. The rate thereafter will track the Bank of England Base Rate. All rate changes will be effective within 30 days of a Bank Base Rate change and in keeping with our Savings Pledge you will be advised in writing of any changes to this rate.

1. Where the balance falls below £1, interest will be earned at the prevailing basic rate, currently 0.10% gross p.a.

2. Gross is the rate of interest without the deduction of tax (please also see note 3).

3. Net is the annual rate of interest payable after the deduction of basic rate tax (currently 20%). Interest will be paid net or, subject to the required certification, gross. Where the tax deducted exceeds an investor’s tax liability (if any), a claim may be made to HM Revenue & Customs for repayment of tax. For individuals whose income falls within the basic rate band, the tax deducted will match their liability to tax on the interest and they will have no more tax to pay on it. Individuals who are liable at the higher rate of income tax of 40% will have to pay additional tax due. For further information please visit www.hmrc.gov.uk/individuals/babsi.htm.

4. AER stands for Annual Equivalent Rate and shows what the interest rate would be if interest was paid and added to the capital balance each year.

5. The rate is fixed until 20 January 2009. The rate thereafter will track the Bank of England Base Rate. All rate changes will be effective within 30 days of a Bank Base Rate change and in keeping with our Savings Pledge you will be advised in writing of any changes to this rate.

1. Where the balance falls below £1, interest will be earned at the prevailing basic rate, currently 0.10% gross p.a.

2. Gross is the rate of interest without the deduction of tax (please also see note 3).

3. Net is the annual rate of interest payable after the deduction of basic rate tax (currently 20%). Interest will be paid net or, subject to the required certification, gross. Where the tax deducted exceeds an investor’s tax liability (if any), a claim may be made to HM Revenue & Customs for repayment of tax. For individuals whose income falls within the basic rate band, the tax deducted will match their liability to tax on the interest and they will have no more tax to pay on it. Individuals who are liable at the higher rate of income tax of 40% will have to pay additional tax due. For further information please visit www.hmrc.gov.uk/individuals/babsi.htm.

4. AER stands for Annual Equivalent Rate and shows what the interest rate would be if interest was paid and added to the capital balance each year.

The rate is fixed until 20 February 2009. The rate thereafter will track the Bank of England Base Rate. All rate changes will be effective within 30 days of a Bank Base Rate change and in keeping with our Savings Pledge you will be advised in writing of any changes to this rate.

1. Where the balance falls below £1, interest will be earned at the prevailing basic rate, currently 0.10% gross p.a.

2. Gross is the rate of interest without the deduction of tax (please also see note 3).

3. Net is the annual rate of interest payable after the deduction of basic rate tax (currently 20%). Interest will be paid net or, subject to the required certification, gross. Where the tax deducted exceeds an investor’s tax liability (if any), a claim may be made to HM Revenue & Customs for repayment of tax. For individuals whose income falls within the basic rate band, the tax deducted will match their liability to tax on the interest and they will have no more tax to pay on it. Individuals who are liable at the higher rate of income tax of 40% will have to pay additional tax due. For further information please visit www.hmrc.gov.uk/individuals/babsi.htm.

4. AER stands for Annual Equivalent Rate and shows what the interest rate would be if interest was paid and added to the capital balance each year.

The rate is fixed until 20 February 2009. The rate thereafter will track the Bank of England Base Rate. All rate changes will be effective within 30 days of a Bank Base Rate change and in keeping with our Savings Pledge you will be advised in writing of any changes to this rate.

1. Where the balance falls below £1, interest will be earned at the prevailing basic rate, currently 0.10% gross p.a.

2. Gross is the rate of interest without the deduction of tax (please also see note 3).

3. Net is the annual rate of interest payable after the deduction of basic rate tax (currently 20%). Interest will be paid net or, subject to the required certification, gross. Where the tax deducted exceeds an investor’s tax liability (if any), a claim may be made to HM Revenue & Customs for repayment of tax. For individuals whose income falls within the basic rate band, the tax deducted will match their liability to tax on the interest and they will have no more tax to pay on it. Individuals who are liable at the higher rate of income tax of 40% will have to pay additional tax due. For further information please visit www.hmrc.gov.uk/individuals/babsi.htm.

4. AER stands for Annual Equivalent Rate and shows what the interest rate would be if interest was paid and added to the capital balance each year.

The rate is fixed until 20 February 2009. The rate thereafter will track the Bank of England Base Rate. All rate changes will be effective within 30 days of a Bank Base Rate change and in keeping with our Savings Pledge you will be advised in writing of any changes to this rate.

1. Where the balance falls below £1, interest will be earned at the prevailing basic rate, currently 0.10% gross p.a.

2. Gross is the rate of interest without the deduction of tax (please also see note 3).

3. Net is the annual rate of interest payable after the deduction of basic rate tax (currently 20%). Interest will be paid net or, subject to the required certification, gross. Where the tax deducted exceeds an investor’s tax liability (if any), a claim may be made to HM Revenue & Customs for repayment of tax. For individuals whose income falls within the basic rate band, the tax deducted will match their liability to tax on the interest and they will have no more tax to pay on it. Individuals who are liable at the higher rate of income tax of 40% will have to pay additional tax due. For further information please visit www.hmrc.gov.uk/individuals/babsi.htm.

4. AER stands for Annual Equivalent Rate and shows what the interest rate would be if interest was paid and added to the capital balance each year.

The rate is fixed until 20 February 2009. The rate thereafter will track the Bank of England Base Rate. All rate changes will be effective within 30 days of a Bank Base Rate change and in keeping with our Savings Pledge you will be advised in writing of any changes to this rate.

1. Where the balance falls below £1, interest will be earned at the prevailing basic rate, currently 0.10% gross p.a.

2. Gross is the rate of interest without the deduction of tax (please also see note 3).

3. Net is the annual rate of interest payable after the deduction of basic rate tax (currently 20%). Interest will be paid net or, subject to the required certification, gross. Where the tax deducted exceeds an investor’s tax liability (if any), a claim may be made to HM Revenue & Customs for repayment of tax. For individuals whose income falls within the basic rate band, the tax deducted will match their liability to tax on the interest and they will have no more tax to pay on it. Individuals who are liable at the higher rate of income tax of 40% will have to pay additional tax due. For further information please visit www.hmrc.gov.uk/individuals/babsi.htm.

4. AER stands for Annual Equivalent Rate and shows what the interest rate would be if interest was paid and added to the capital balance each year.

The rate is fixed until 20 March 2009. The rate thereafter will track the Bank of England Base Rate. All rate changes will be effective within 30 days of a Bank Base Rate change and in keeping with our Savings Pledge you will be advised in writing of any changes to this rate.

1. Where the balance falls below £1, interest will be earned at the prevailing basic rate, currently 0.10% gross p.a.

2. Gross is the rate of interest without the deduction of tax (please also see note 3).

3. Net is the annual rate of interest payable after the deduction of basic rate tax (currently 20%). Interest will be paid net or, subject to the required certification, gross. Where the tax deducted exceeds an investor’s tax liability (if any), a claim may be made to HM Revenue & Customs for repayment of tax. For individuals whose income falls within the basic rate band, the tax deducted will match their liability to tax on the interest and they will have no more tax to pay on it. Individuals who are liable at the higher rate of income tax of 40% will have to pay additional tax due. For further information please visit www.hmrc.gov.uk/individuals/babsi.htm.

4. AER stands for Annual Equivalent Rate and shows what the interest rate would be if interest was paid and added to the capital balance each year.

The rate is fixed until 20 March 2009. The rate thereafter will track the Bank of England Base Rate. All rate changes will be effective within 30 days of a Bank Base Rate change and in keeping with our Savings Pledge you will be advised in writing of any changes to this rate.

1. Where the balance falls below £1, interest will be earned at the prevailing basic rate, currently 0.10% gross p.a.

2. Gross is the rate of interest without the deduction of tax (please also see note 3).

3. Net is the annual rate of interest payable after the deduction of basic rate tax (currently 20%). Interest will be paid net or, subject to the required certification, gross. Where the tax deducted exceeds an investor’s tax liability (if any), a claim may be made to HM Revenue & Customs for repayment of tax. For individuals whose income falls within the basic rate band, the tax deducted will match their liability to tax on the interest and they will have no more tax to pay on it. Individuals who are liable at the higher rate of income tax of 40% will have to pay additional tax due. For further information please visit www.hmrc.gov.uk/individuals/babsi.htm.

4. AER stands for Annual Equivalent Rate and shows what the interest rate would be if interest was paid and added to the capital balance each year.

The rate is fixed until 20 April 2009. The rate thereafter will track the Bank of England Base Rate. All rate changes will be effective within 30 days of a Bank Base Rate change and in keeping with our Savings Pledge you will be advised in writing of any changes to this rate.

1. Where the balance falls below £1, interest will be earned at the prevailing basic rate, currently 0.10% gross p.a.

2. Gross is the rate of interest without the deduction of tax (please also see note 3).

3. Net is the annual rate of interest payable after the deduction of basic rate tax (currently 20%). Interest will be paid net or, subject to the required certification, gross. Where the tax deducted exceeds an investor’s tax liability (if any), a claim may be made to HM Revenue & Customs for repayment of tax. For individuals whose income falls within the basic rate band, the tax deducted will match their liability to tax on the interest and they will have no more tax to pay on it. Individuals who are liable at the higher rate of income tax of 40% will have to pay additional tax due. For further information please visit www.hmrc.gov.uk/individuals/babsi.htm.

4. AER stands for Annual Equivalent Rate and shows what the interest rate would be if interest was paid and added to the capital balance each year.

The rate is fixed until 20 April 2009. The rate thereafter will track the Bank of England Base Rate. All rate changes will be effective within 30 days of a Bank Base Rate change and in keeping with our Savings Pledge you will be advised in writing of any changes to this rate.

1. Where the balance falls below £1, interest will be earned at the prevailing basic rate, currently 0.10% gross p.a.

2. Gross is the rate of interest without the deduction of tax (please also see note 3).

3. Net is the annual rate of interest payable after the deduction of basic rate tax (currently 20%). Interest will be paid net or, subject to the required certification, gross. Where the tax deducted exceeds an investor’s tax liability (if any), a claim may be made to HM Revenue & Customs for repayment of tax. For individuals whose income falls within the basic rate band, the tax deducted will match their liability to tax on the interest and they will have no more tax to pay on it. Individuals who are liable at the higher rate of income tax of 40% will have to pay additional tax due. For further information please visit www.hmrc.gov.uk/individuals/babsi.htm.

4. AER stands for Annual Equivalent Rate and shows what the interest rate would be if interest was paid and added to the capital balance each year.

5. The rate is fixed until 20 September 2009. The rate thereafter will track the Bank of England Base Rate. All rate changes will be effective within 30 days of a Bank Base Rate change and in keeping with our Savings Pledge you will be advised in writing of any changes to this rate.

1. Where the balance falls below £1, interest will be earned at the prevailing basic rate, currently 0.10% gross p.a.

2. Gross is the rate of interest without the deduction of tax (please also see note 3).

3. Net is the annual rate of interest payable after the deduction of basic rate tax (currently 20%). Interest will be paid net or, subject to the required certification, gross. Where the tax deducted exceeds an investor’s tax liability (if any), a claim may be made to HM Revenue & Customs for repayment of tax. For individuals whose income falls within the basic rate band, the tax deducted will match their liability to tax on the interest and they will have no more tax to pay on it. Individuals who are liable at the higher rate of income tax of 40% will have to pay additional tax due. For further information please visit www.hmrc.gov.uk/individuals/babsi.htm.

4. AER stands for Annual Equivalent Rate and shows what the interest rate would be if interest was paid and added to the capital balance each year.

5. The rate is fixed until 20 September 2009. The rate thereafter will track the Bank of England Base Rate. All rate changes will be effective within 30 days of a Bank Base Rate change and in keeping with our Savings Pledge you will be advised in writing of any changes to this rate.

1. Where the balance falls below £1, interest will be earned at the prevailing basic rate, currently 0.10% gross p.a.

2. Gross is the rate of interest without the deduction of tax (please also see note 3).

3. Net is the annual rate of interest payable after the deduction of basic rate tax (currently 20%). Interest will be paid net or, subject to the required certification, gross. Where the tax deducted exceeds an investor’s tax liability (if any), a claim may be made to HM Revenue & Customs for repayment of tax. For individuals whose income falls within the basic rate band, the tax deducted will match their liability to tax on the interest and they will have no more tax to pay on it. Individuals who are liable at the higher rate of income tax of 40% will have to pay additional tax due. For further information please visit www.hmrc.gov.uk/individuals/babsi.htm.

4. AER stands for Annual Equivalent Rate and shows what the interest rate would be if interest was paid and added to the capital balance each year.

5. The rate is fixed until 20 October 2009. The rate thereafter will track the Bank of England Base Rate. All rate changes will be effective within 30 days of a Bank Base Rate change and in keeping with our Savings Pledge you will be advised in writing of any changes to this rate.

1. Where the balance falls below £1, interest will be earned at the prevailing basic rate, currently 0.10% gross p.a.

2. Gross is the rate of interest without the deduction of tax (please also see note 3).

3. Net is the annual rate of interest payable after the deduction of basic rate tax (currently 20%). Interest will be paid net or, subject to the required certification, gross. Where the tax deducted exceeds an investor’s tax liability (if any), a claim may be made to HM Revenue & Customs for repayment of tax. For individuals whose income falls within the basic rate band, the tax deducted will match their liability to tax on the interest and they will have no more tax to pay on it. Individuals who are liable at the higher rate of income tax of 40% will have to pay additional tax due. For further information please visit www.hmrc.gov.uk/individuals/babsi.htm.

4. AER stands for Annual Equivalent Rate and shows what the interest rate would be if interest was paid and added to the capital balance each year.

5. The rate is fixed until 20 October 2009. The rate thereafter will track the Bank of England Base Rate. All rate changes will be effective within 30 days of a Bank Base Rate change and in keeping with our Savings Pledge you will be advised in writing of any changes to this rate.

1. Where the balance falls below £500, interest will be earned at the prevailing basic rate, currently 0.10% gross p.a.

2. Gross is the rate of interest without the deduction of tax (please also see note 3).

3. Net p.a. is the annual rate of interest payable after the deduction of lower rate tax (currently 20%). Interest will be paid net or, subject to the required certification, gross. Where the tax deducted exceeds an investor's tax liability (if any), a claim may be made to HM Revenue & Customs for repayment of tax. For individuals whose income falls within the lower or basic rate bands, the tax deducted will match their liability to tax on the interest and they will have no more tax to pay on it. Individuals who are liable at the higher rate of income tax of 40% will have to pay additional tax on the interest to cover the difference between the tax deducted and the higher rate tax due.

4. AER stands for Annual Equivalent Rate and shows what the interest rate would be if interest was paid and added to the capital balance each year.

1. Where the balance falls below £500, interest will be earned at the prevailing basic rate, currently 0.10% gross p.a.

2. Gross is the rate of interest without the deduction of tax (please also see note 3).

3. Net p.a. is the annual rate of interest payable after the deduction of lower rate tax (currently 20%). Interest will be paid net or, subject to the required certification, gross. Where the tax deducted exceeds an investor's tax liability (if any), a claim may be made to HM Revenue & Customs for repayment of tax. For individuals whose income falls within the lower or basic rate bands, the tax deducted will match their liability to tax on the interest and they will have no more tax to pay on it. Individuals who are liable at the higher rate of income tax of 40% will have to pay additional tax on the interest to cover the difference between the tax deducted and the higher rate tax due.

4. AER stands for Annual Equivalent Rate and shows what the interest rate would be if interest was paid and added to the capital balance each year.

1. Where the balance falls below £500, interest will be earned at the prevailing basic rate, currently 0.10% gross p.a.

2. Gross is the rate of interest without the deduction of tax (please also see note 3).

3. Net p.a. is the annual rate of interest payable after the deduction of lower rate tax (currently 20%). Interest will be paid net or, subject to the required certification, gross. Where the tax deducted exceeds an investor's tax liability (if any), a claim may be made to HM Revenue & Customs for repayment of tax. For individuals whose income falls within the lower or basic rate bands, the tax deducted will match their liability to tax on the interest and they will have no more tax to pay on it. Individuals who are liable at the higher rate of income tax of 40% will have to pay additional tax on the interest to cover the difference between the tax deducted and the higher rate tax due.

4. AER stands for Annual Equivalent Rate and shows what the interest rate would be if interest was paid and added to the capital balance each year.

1. Where the balance falls below £500, interest will be earned at the prevailing basic rate, currently 0.10% gross p.a.

2. Gross is the rate of interest without the deduction of tax (please also see note 3).

3. Net p.a. is the annual rate of interest payable after the deduction of lower rate tax (currently 20%). Interest will be paid net or, subject to the required certification, gross. Where the tax deducted exceeds an investor's tax liability (if any), a claim may be made to HM Revenue & Customs for repayment of tax. For individuals whose income falls within the lower or basic rate bands, the tax deducted will match their liability to tax on the interest and they will have no more tax to pay on it. Individuals who are liable at the higher rate of income tax of 40% will have to pay additional tax on the interest to cover the difference between the tax deducted and the higher rate tax due.

4. AER stands for Annual Equivalent Rate and shows what the interest rate would be if interest was paid and added to the capital balance each year.

1. Where the balance falls below £500, interest will be earned at the prevailing basic rate, currently 0.10% gross p.a.

2. Gross is the rate of interest without the deduction of tax (please also see note 3).

3. Net p.a. is the annual rate of interest payable after the deduction of lower rate tax (currently 20%). Interest will be paid net or, subject to the required certification, gross. Where the tax deducted exceeds an investor's tax liability (if any), a claim may be made to HM Revenue & Customs for repayment of tax. For individuals whose income falls within the lower or basic rate bands, the tax deducted will match their liability to tax on the interest and they will have no more tax to pay on it. Individuals who are liable at the higher rate of income tax of 40% will have to pay additional tax on the interest to cover the difference between the tax deducted and the higher rate tax due.

4. AER stands for Annual Equivalent Rate and shows what the interest rate would be if interest was paid and added to the capital balance each year.

1. Where the balance falls below £500, interest will be earned at the prevailing basic rate, currently 0.10% gross p.a.

2. Gross is the rate of interest without the deduction of tax (please also see note 3).

3. Net p.a. is the annual rate of interest payable after the deduction of lower rate tax (currently 20%). Interest will be paid net or, subject to the required certification, gross. Where the tax deducted exceeds an investor's tax liability (if any), a claim may be made to HM Revenue & Customs for repayment of tax. For individuals whose income falls within the lower or basic rate bands, the tax deducted will match their liability to tax on the interest and they will have no more tax to pay on it. Individuals who are liable at the higher rate of income tax of 40% will have to pay additional tax on the interest to cover the difference between the tax deducted and the higher rate tax due.

4. AER stands for Annual Equivalent Rate and shows what the interest rate would be if interest was paid and added to the capital balance each year.

1. Where the balance falls below £500, interest will be earned at the prevailing basic rate, currently 0.10% gross p.a.

2. Gross is the rate of interest without the deduction of tax (please also see note 3).

3. Net p.a. is the annual rate of interest payable after the deduction of lower rate tax (currently 20%). Interest will be paid net or, subject to the required certification, gross. Where the tax deducted exceeds an investor's tax liability (if any), a claim may be made to HM Revenue & Customs for repayment of tax. For individuals whose income falls within the lower or basic rate bands, the tax deducted will match their liability to tax on the interest and they will have no more tax to pay on it. Individuals who are liable at the higher rate of income tax of 40% will have to pay additional tax on the interest to cover the difference between the tax deducted and the higher rate tax due.

4. AER stands for Annual Equivalent Rate and shows what the interest rate would be if interest was paid and added to the capital balance each year.

1. Where the balance falls below £500, interest will be earned at the prevailing basic rate, currently 0.10% gross p.a.

2. Gross is the rate of interest without the deduction of tax (please also see note 3).

3. Net p.a. is the annual rate of interest payable after the deduction of lower rate tax (currently 20%). Interest will be paid net or, subject to the required certification, gross. Where the tax deducted exceeds an investor's tax liability (if any), a claim may be made to HM Revenue & Customs for repayment of tax. For individuals whose income falls within the lower or basic rate bands, the tax deducted will match their liability to tax on the interest and they will have no more tax to pay on it. Individuals who are liable at the higher rate of income tax of 40% will have to pay additional tax on the interest to cover the difference between the tax deducted and the higher rate tax due.

4. AER stands for Annual Equivalent Rate and shows what the interest rate would be if interest was paid and added to the capital balance each year.

1. Where the balance falls below £1, interest will be earned at the prevailing basic rate, currently 0.10% gross p.a.

2. Gross is the rate of interest without the deduction of tax (please also see note 3).

3. Net p.a. is the annual rate of interest payable after the deduction of lower rate tax (currently 20%). Interest will be paid net or, subject to the required certification, gross. Where the tax deducted exceeds an investor's tax liability (if any), a claim may be made to HM Revenue & Customs for repayment of tax. For individuals whose income falls within the lower or basic rate bands, the tax deducted will match their liability to tax on the interest and they will have no more tax to pay on it. Individuals who are liable at the higher rate of income tax of 40% will have to pay additional tax on the interest to cover the difference between the tax deducted and the higher rate tax due.

4. AER stands for Annual Equivalent Rate and shows what the interest rate would be if interest was paid and added to the capital balance each year.

1. Where the balance falls below £1, interest will be earned at the prevailing basic rate, currently 0.10% gross p.a.

2. Gross is the rate of interest without the deduction of tax (please also see note 3).

3. Net p.a. is the annual rate of interest payable after the deduction of lower rate tax (currently 20%). Interest will be paid net or, subject to the required certification, gross. Where the tax deducted exceeds an investor's tax liability (if any), a claim may be made to HM Revenue & Customs for repayment of tax. For individuals whose income falls within the lower or basic rate bands, the tax deducted will match their liability to tax on the interest and they will have no more tax to pay on it. Individuals who are liable at the higher rate of income tax of 40% will have to pay additional tax on the interest to cover the difference between the tax deducted and the higher rate tax due.

4. AER stands for Annual Equivalent Rate and shows what the interest rate would be if interest was paid and added to the capital balance each year.

1. Where the balance falls below £1, interest will be earned at the prevailing basic rate, currently 0.10% gross p.a.

2. Gross is the rate of interest without the deduction of tax (please also see note 3).

3. Net p.a. is the annual rate of interest payable after the deduction of lower rate tax (currently 20%). Interest will be paid net or, subject to the required certification, gross. Where the tax deducted exceeds an investor's tax liability (if any), a claim may be made to HM Revenue & Customs for repayment of tax. For individuals whose income falls within the lower or basic rate bands, the tax deducted will match their liability to tax on the interest and they will have no more tax to pay on it. Individuals who are liable at the higher rate of income tax of 40% will have to pay additional tax on the interest to cover the difference between the tax deducted and the higher rate tax due.

4. AER stands for Annual Equivalent Rate and shows what the interest rate would be if interest was paid and added to the capital balance each year.

1. Where the balance falls below £1, interest will be earned at the prevailing basic rate, currently 0.10% gross p.a.

2. Gross is the rate of interest without the deduction of tax (please also see note 3).

3. Net p.a. is the annual rate of interest payable after the deduction of lower rate tax (currently 20%). Interest will be paid net or, subject to the required certification, gross. Where the tax deducted exceeds an investor's tax liability (if any), a claim may be made to HM Revenue & Customs for repayment of tax. For individuals whose income falls within the lower or basic rate bands, the tax deducted will match their liability to tax on the interest and they will have no more tax to pay on it. Individuals who are liable at the higher rate of income tax of 40% will have to pay additional tax on the interest to cover the difference between the tax deducted and the higher rate tax due.

4. AER stands for Annual Equivalent Rate and shows what the interest rate would be if interest was paid and added to the capital balance each year.

1. Where the balance falls below £1, interest will be earned at the prevailing basic rate, currently 0.10% gross p.a.

2. Gross is the rate of interest without the deduction of tax (please also see note 3).

3. Net p.a. is the annual rate of interest payable after the deduction of lower rate tax (currently 20%). Interest will be paid net or, subject to the required certification, gross. Where the tax deducted exceeds an investor's tax liability (if any), a claim may be made to HM Revenue & Customs for repayment of tax. For individuals whose income falls within the lower or basic rate bands, the tax deducted will match their liability to tax on the interest and they will have no more tax to pay on it. Individuals who are liable at the higher rate of income tax of 40% will have to pay additional tax on the interest to cover the difference between the tax deducted and the higher rate tax due.

4. AER stands for Annual Equivalent Rate and shows what the interest rate would be if interest was paid and added to the capital balance each year.

1. Where the balance falls below £1, interest will be earned at the prevailing basic rate, currently 0.10% gross p.a.

2. Gross is the rate of interest without the deduction of tax (please also see note 3).

3. Net p.a. is the annual rate of interest payable after the deduction of lower rate tax (currently 20%). Interest will be paid net or, subject to the required certification, gross. Where the tax deducted exceeds an investor's tax liability (if any), a claim may be made to HM Revenue & Customs for repayment of tax. For individuals whose income falls within the lower or basic rate bands, the tax deducted will match their liability to tax on the interest and they will have no more tax to pay on it. Individuals who are liable at the higher rate of income tax of 40% will have to pay additional tax on the interest to cover the difference between the tax deducted and the higher rate tax due.

4. AER stands for Annual Equivalent Rate and shows what the interest rate would be if interest was paid and added to the capital balance each year.

1. Where the balance falls below £1, interest will be earned at the prevailing basic rate, currently 0.10% gross p.a.

2. Gross is the rate of interest without the deduction of tax (please also see note 3).

3. Net p.a. is the annual rate of interest payable after the deduction of lower rate tax (currently 20%). Interest will be paid net or, subject to the required certification, gross. Where the tax deducted exceeds an investor's tax liability (if any), a claim may be made to HM Revenue & Customs for repayment of tax. For individuals whose income falls within the lower or basic rate bands, the tax deducted will match their liability to tax on the interest and they will have no more tax to pay on it. Individuals who are liable at the higher rate of income tax of 40% will have to pay additional tax on the interest to cover the difference between the tax deducted and the higher rate tax due.

4. AER stands for Annual Equivalent Rate and shows what the interest rate would be if interest was paid and added to the capital balance each year.

1. Where the balance falls below £1, interest will be earned at the prevailing basic rate, currently 0.10% gross p.a.

2. Gross is the rate of interest without the deduction of tax (please also see note 3).

3. Net p.a. is the annual rate of interest payable after the deduction of lower rate tax (currently 20%). Interest will be paid net or, subject to the required certification, gross. Where the tax deducted exceeds an investor's tax liability (if any), a claim may be made to HM Revenue & Customs for repayment of tax. For individuals whose income falls within the lower or basic rate bands, the tax deducted will match their liability to tax on the interest and they will have no more tax to pay on it. Individuals who are liable at the higher rate of income tax of 40% will have to pay additional tax on the interest to cover the difference between the tax deducted and the higher rate tax due.

4. AER stands for Annual Equivalent Rate and shows what the interest rate would be if interest was paid and added to the capital balance each year.

1. Where the balance falls below £1, interest will be earned at the prevailing basic rate, currently 0.10% gross p.a.

2. Gross is the rate of interest without the deduction of tax (please also see note 3).

3. Net p.a. is the annual rate of interest payable after the deduction of lower rate tax (currently 20%). Interest will be paid net or, subject to the required certification, gross. Where the tax deducted exceeds an investor's tax liability (if any), a claim may be made to HM Revenue & Customs for repayment of tax. For individuals whose income falls within the lower or basic rate bands, the tax deducted will match their liability to tax on the interest and they will have no more tax to pay on it. Individuals who are liable at the higher rate of income tax of 40% will have to pay additional tax on the interest to cover the difference between the tax deducted and the higher rate tax due.

4. AER stands for Annual Equivalent Rate and shows what the interest rate would be if interest was paid and added to the capital balance each year.

1. Where the balance falls below £1, interest will be earned at the prevailing basic rate, currently 0.10% gross p.a.

2. Gross is the rate of interest without the deduction of tax (please also see note 3).

3. Net p.a. is the annual rate of interest payable after the deduction of lower rate tax (currently 20%). Interest will be paid net or, subject to the required certification, gross. Where the tax deducted exceeds an investor's tax liability (if any), a claim may be made to HM Revenue & Customs for repayment of tax. For individuals whose income falls within the lower or basic rate bands, the tax deducted will match their liability to tax on the interest and they will have no more tax to pay on it. Individuals who are liable at the higher rate of income tax of 40% will have to pay additional tax on the interest to cover the difference between the tax deducted and the higher rate tax due.

4. AER stands for Annual Equivalent Rate and shows what the interest rate would be if interest was paid and added to the capital balance each year.

1. Where the balance falls below £1, interest will be earned at the prevailing basic rate, currently 0.10% gross p.a.

2. Gross is the rate of interest without the deduction of tax (please also see note 3).

3. Net p.a. is the annual rate of interest payable after the deduction of lower rate tax (currently 20%). Interest will be paid net or, subject to the required certification, gross. Where the tax deducted exceeds an investor's tax liability (if any), a claim may be made to HM Revenue & Customs for repayment of tax. For individuals whose income falls within the lower or basic rate bands, the tax deducted will match their liability to tax on the interest and they will have no more tax to pay on it. Individuals who are liable at the higher rate of income tax of 40% will have to pay additional tax on the interest to cover the difference between the tax deducted and the higher rate tax due.

4. AER stands for Annual Equivalent Rate and shows what the interest rate would be if interest was paid and added to the capital balance each year.

1. Where the balance falls below £1, interest will be earned at the prevailing basic rate, currently 0.10% gross p.a.

2. Gross is the rate of interest without the deduction of tax (please also see note 3).

3. Net p.a. is the annual rate of interest payable after the deduction of lower rate tax (currently 20%). Interest will be paid net or, subject to the required certification, gross. Where the tax deducted exceeds an investor's tax liability (if any), a claim may be made to HM Revenue & Customs for repayment of tax. For individuals whose income falls within the lower or basic rate bands, the tax deducted will match their liability to tax on the interest and they will have no more tax to pay on it. Individuals who are liable at the higher rate of income tax of 40% will have to pay additional tax on the interest to cover the difference between the tax deducted and the higher rate tax due.

4. AER stands for Annual Equivalent Rate and shows what the interest rate would be if interest was paid and added to the capital balance each year.

1. Where the balance falls below £1, interest will be earned at the prevailing basic rate, currently 0.10% gross p.a.

2. Gross is the rate of interest without the deduction of tax (please also see note 3).

3. Net p.a. is the annual rate of interest payable after the deduction of lower rate tax (currently 20%). Interest will be paid net or, subject to the required certification, gross. Where the tax deducted exceeds an investor's tax liability (if any), a claim may be made to HM Revenue & Customs for repayment of tax. For individuals whose income falls within the lower or basic rate bands, the tax deducted will match their liability to tax on the interest and they will have no more tax to pay on it. Individuals who are liable at the higher rate of income tax of 40% will have to pay additional tax on the interest to cover the difference between the tax deducted and the higher rate tax due.

4. AER stands for Annual Equivalent Rate and shows what the interest rate would be if interest was paid and added to the capital balance each year.

1. Where the balance falls below £1, interest will be earned at the prevailing basic rate, currently 0.10% gross p.a.

2. Gross is the rate of interest without the deduction of tax (please also see note 3).

3. Net p.a. is the annual rate of interest payable after the deduction of lower rate tax (currently 20%). Interest will be paid net or, subject to the required certification, gross. Where the tax deducted exceeds an investor's tax liability (if any), a claim may be made to HM Revenue & Customs for repayment of tax. For individuals whose income falls within the lower or basic rate bands, the tax deducted will match their liability to tax on the interest and they will have no more tax to pay on it. Individuals who are liable at the higher rate of income tax of 40% will have to pay additional tax on the interest to cover the difference between the tax deducted and the higher rate tax due.

4. AER stands for Annual Equivalent Rate and shows what the interest rate would be if interest was paid and added to the capital balance each year.

1. Where the balance falls below £1, interest will be earned at the prevailing basic rate, currently 0.10% gross p.a.

2. Gross is the rate of interest without the deduction of tax (please also see note 3).

3. Net p.a. is the annual rate of interest payable after the deduction of lower rate tax (currently 20%). Interest will be paid net or, subject to the required certification, gross. Where the tax deducted exceeds an investor's tax liability (if any), a claim may be made to HM Revenue & Customs for repayment of tax. For individuals whose income falls within the lower or basic rate bands, the tax deducted will match their liability to tax on the interest and they will have no more tax to pay on it. Individuals who are liable at the higher rate of income tax of 40% will have to pay additional tax on the interest to cover the difference between the tax deducted and the higher rate tax due.

4. AER stands for Annual Equivalent Rate and shows what the interest rate would be if interest was paid and added to the capital balance each year.

1. Where the balance falls below £1, interest will be earned at the prevailing basic rate, currently 0.10% gross p.a.

2. Gross is the rate of interest without the deduction of tax (please also see note 3).

3. Net p.a. is the annual rate of interest payable after the deduction of lower rate tax (currently 20%). Interest will be paid net or, subject to the required certification, gross. Where the tax deducted exceeds an investor's tax liability (if any), a claim may be made to HM Revenue & Customs for repayment of tax. For individuals whose income falls within the lower or basic rate bands, the tax deducted will match their liability to tax on the interest and they will have no more tax to pay on it. Individuals who are liable at the higher rate of income tax of 40% will have to pay additional tax on the interest to cover the difference between the tax deducted and the higher rate tax due.

4. AER stands for Annual Equivalent Rate and shows what the interest rate would be if interest was paid and added to the capital balance each year.

1. Where the balance falls below £1, interest will be earned at the prevailing basic rate, currently 0.10% gross p.a.

2. Gross is the rate of interest without the deduction of tax (please also see note 3).

3. Net p.a. is the annual rate of interest payable after the deduction of lower rate tax (currently 20%). Interest will be paid net or, subject to the required certification, gross. Where the tax deducted exceeds an investor's tax liability (if any), a claim may be made to HM Revenue & Customs for repayment of tax. For individuals whose income falls within the lower or basic rate bands, the tax deducted will match their liability to tax on the interest and they will have no more tax to pay on it. Individuals who are liable at the higher rate of income tax of 40% will have to pay additional tax on the interest to cover the difference between the tax deducted and the higher rate tax due.

4. AER stands for Annual Equivalent Rate and shows what the interest rate would be if interest was paid and added to the capital balance each year.

1. Where the balance falls below £1, interest will be earned at the prevailing basic rate, currently 0.10% gross p.a.

2. Gross is the rate of interest without the deduction of tax (please also see note 3).

3. Net p.a. is the annual rate of interest payable after the deduction of lower rate tax (currently 20%). Interest will be paid net or, subject to the required certification, gross. Where the tax deducted exceeds an investor's tax liability (if any), a claim may be made to HM Revenue & Customs for repayment of tax. For individuals whose income falls within the lower or basic rate bands, the tax deducted will match their liability to tax on the interest and they will have no more tax to pay on it. Individuals who are liable at the higher rate of income tax of 40% will have to pay additional tax on the interest to cover the difference between the tax deducted and the higher rate tax due.

4. AER stands for Annual Equivalent Rate and shows what the interest rate would be if interest was paid and added to the capital balance each year.

1. Where the balance falls below £1, interest will be earned at the prevailing basic rate, currently 0.10% gross p.a.

2. Gross is the rate of interest without the deduction of tax (please also see note 3).

3. Net p.a. is the annual rate of interest payable after the deduction of lower rate tax (currently 20%). Interest will be paid net or, subject to the required certification, gross. Where the tax deducted exceeds an investor's tax liability (if any), a claim may be made to HM Revenue & Customs for repayment of tax. For individuals whose income falls within the lower or basic rate bands, the tax deducted will match their liability to tax on the interest and they will have no more tax to pay on it. Individuals who are liable at the higher rate of income tax of 40% will have to pay additional tax on the interest to cover the difference between the tax deducted and the higher rate tax due.

4. AER stands for Annual Equivalent Rate and shows what the interest rate would be if interest was paid and added to the capital balance each year.

1. Where the balance falls below £1, interest will be earned at the prevailing basic rate, currently 0.10% gross p.a.

2. Gross is the rate of interest without the deduction of tax (please also see note 3).

3. Net p.a. is the annual rate of interest payable after the deduction of lower rate tax (currently 20%). Interest will be paid net or, subject to the required certification, gross. Where the tax deducted exceeds an investor's tax liability (if any), a claim may be made to HM Revenue & Customs for repayment of tax. For individuals whose income falls within the lower or basic rate bands, the tax deducted will match their liability to tax on the interest and they will have no more tax to pay on it. Individuals who are liable at the higher rate of income tax of 40% will have to pay additional tax on the interest to cover the difference between the tax deducted and the higher rate tax due.

4. AER stands for Annual Equivalent Rate and shows what the interest rate would be if interest was paid and added to the capital balance each year.

1. Where the balance falls below £1, interest will be earned at the prevailing basic rate, currently 0.10% gross p.a.

2. Gross is the rate of interest without the deduction of tax (please also see note 3).

3. Net p.a. is the annual rate of interest payable after the deduction of lower rate tax (currently 20%). Interest will be paid net or, subject to the required certification, gross. Where the tax deducted exceeds an investor's tax liability (if any), a claim may be made to HM Revenue & Customs for repayment of tax. For individuals whose income falls within the lower or basic rate bands, the tax deducted will match their liability to tax on the interest and they will have no more tax to pay on it. Individuals who are liable at the higher rate of income tax of 40% will have to pay additional tax on the interest to cover the difference between the tax deducted and the higher rate tax due.

4. AER stands for Annual Equivalent Rate and shows what the interest rate would be if interest was paid and added to the capital balance each year.

1. Where the balance falls below £1, interest will be earned at the prevailing basic rate, currently 0.10% gross p.a.

2. Gross is the rate of interest without the deduction of tax (please also see note 3).

3. Net p.a. is the annual rate of interest payable after the deduction of lower rate tax (currently 20%). Interest will be paid net or, subject to the required certification, gross. Where the tax deducted exceeds an investor's tax liability (if any), a claim may be made to HM Revenue & Customs for repayment of tax. For individuals whose income falls within the lower or basic rate bands, the tax deducted will match their liability to tax on the interest and they will have no more tax to pay on it. Individuals who are liable at the higher rate of income tax of 40% will have to pay additional tax on the interest to cover the difference between the tax deducted and the higher rate tax due.

4. AER stands for Annual Equivalent Rate and shows what the interest rate would be if interest was paid and added to the capital balance each year.

1. Where the balance falls below £1, interest will be earned at the prevailing basic rate, currently 0.10% gross p.a.

2. Gross is the rate of interest without the deduction of tax (please also see note 3).

3. Net p.a. is the annual rate of interest payable after the deduction of lower rate tax (currently 20%). Interest will be paid net or, subject to the required certification, gross. Where the tax deducted exceeds an investor's tax liability (if any), a claim may be made to HM Revenue & Customs for repayment of tax. For individuals whose income falls within the lower or basic rate bands, the tax deducted will match their liability to tax on the interest and they will have no more tax to pay on it. Individuals who are liable at the higher rate of income tax of 40% will have to pay additional tax on the interest to cover the difference between the tax deducted and the higher rate tax due.

4. AER stands for Annual Equivalent Rate and shows what the interest rate would be if interest was paid and added to the capital balance each year.

1. Where the balance falls below £1, interest will be earned at the prevailing basic rate, currently 0.10% gross p.a.

2. Gross is the rate of interest without the deduction of tax (please also see note 3).

3. Net p.a. is the annual rate of interest payable after the deduction of lower rate tax (currently 20%). Interest will be paid net or, subject to the required certification, gross. Where the tax deducted exceeds an investor's tax liability (if any), a claim may be made to HM Revenue & Customs for repayment of tax. For individuals whose income falls within the lower or basic rate bands, the tax deducted will match their liability to tax on the interest and they will have no more tax to pay on it. Individuals who are liable at the higher rate of income tax of 40% will have to pay additional tax on the interest to cover the difference between the tax deducted and the higher rate tax due.

4. AER stands for Annual Equivalent Rate and shows what the interest rate would be if interest was paid and added to the capital balance each year.

1. Where the balance falls below £1, interest will be earned at the prevailing basic rate, currently 0.10% gross p.a.

2. Gross is the rate of interest without the deduction of tax (please also see note 3).

3. Net p.a. is the annual rate of interest payable after the deduction of lower rate tax (currently 20%). Interest will be paid net or, subject to the required certification, gross. Where the tax deducted exceeds an investor's tax liability (if any), a claim may be made to HM Revenue & Customs for repayment of tax. For individuals whose income falls within the lower or basic rate bands, the tax deducted will match their liability to tax on the interest and they will have no more tax to pay on it. Individuals who are liable at the higher rate of income tax of 40% will have to pay additional tax on the interest to cover the difference between the tax deducted and the higher rate tax due.

4. AER stands for Annual Equivalent Rate and shows what the interest rate would be if interest was paid and added to the capital balance each year.

1. Where the balance falls below £1, interest will be earned at the prevailing basic rate, currently 0.10% gross p.a.

2. Gross is the rate of interest without the deduction of tax (please also see note 3).

3. Net p.a. is the annual rate of interest payable after the deduction of lower rate tax (currently 20%). Interest will be paid net or, subject to the required certification, gross. Where the tax deducted exceeds an investor's tax liability (if any), a claim may be made to HM Revenue & Customs for repayment of tax. For individuals whose income falls within the lower or basic rate bands, the tax deducted will match their liability to tax on the interest and they will have no more tax to pay on it. Individuals who are liable at the higher rate of income tax of 40% will have to pay additional tax on the interest to cover the difference between the tax deducted and the higher rate tax due.

4. AER stands for Annual Equivalent Rate and shows what the interest rate would be if interest was paid and added to the capital balance each year.

1. Where the balance falls below £1, interest will be earned at the prevailing basic rate, currently 0.10% gross p.a.

2. Gross is the rate of interest without the deduction of tax (please also see note 3).

3. Net p.a. is the annual rate of interest payable after the deduction of lower rate tax (currently 20%). Interest will be paid net or, subject to the required certification, gross. Where the tax deducted exceeds an investor's tax liability (if any), a claim may be made to HM Revenue & Customs for repayment of tax. For individuals whose income falls within the lower or basic rate bands, the tax deducted will match their liability to tax on the interest and they will have no more tax to pay on it. Individuals who are liable at the higher rate of income tax of 40% will have to pay additional tax on the interest to cover the difference between the tax deducted and the higher rate tax due.

4. AER stands for Annual Equivalent Rate and shows what the interest rate would be if interest was paid and added to the capital balance each year.

1. Where the balance falls below £1, interest will be earned at the prevailing basic rate, currently 0.10% gross p.a.

2. Gross is the rate of interest without the deduction of tax (please also see note 3).

3. Net p.a. is the annual rate of interest payable after the deduction of lower rate tax (currently 20%). Interest will be paid net or, subject to the required certification, gross. Where the tax deducted exceeds an investor's tax liability (if any), a claim may be made to HM Revenue & Customs for repayment of tax. For individuals whose income falls within the lower or basic rate bands, the tax deducted will match their liability to tax on the interest and they will have no more tax to pay on it. Individuals who are liable at the higher rate of income tax of 40% will have to pay additional tax on the interest to cover the difference between the tax deducted and the higher rate tax due.

4. AER stands for Annual Equivalent Rate and shows what the interest rate would be if interest was paid and added to the capital balance each year.

1. Where the balance falls below £1, interest will be earned at the prevailing basic rate, currently 0.10% gross p.a.

2. Gross is the rate of interest without the deduction of tax (please also see note 3).

3. Net p.a. is the annual rate of interest payable after the deduction of lower rate tax (currently 20%). Interest will be paid net or, subject to the required certification, gross. Where the tax deducted exceeds an investor's tax liability (if any), a claim may be made to HM Revenue & Customs for repayment of tax. For individuals whose income falls within the lower or basic rate bands, the tax deducted will match their liability to tax on the interest and they will have no more tax to pay on it. Individuals who are liable at the higher rate of income tax of 40% will have to pay additional tax on the interest to cover the difference between the tax deducted and the higher rate tax due.

4. AER stands for Annual Equivalent Rate and shows what the interest rate would be if interest was paid and added to the capital balance each year.

1. Where the balance falls below £1, interest will be earned at the prevailing basic rate, currently 0.10% gross p.a.

2. Gross is the rate of interest without the deduction of tax (please also see note 3).

3. Net p.a. is the annual rate of interest payable after the deduction of lower rate tax (currently 20%). Interest will be paid net or, subject to the required certification, gross. Where the tax deducted exceeds an investor's tax liability (if any), a claim may be made to HM Revenue & Customs for repayment of tax. For individuals whose income falls within the lower or basic rate bands, the tax deducted will match their liability to tax on the interest and they will have no more tax to pay on it. Individuals who are liable at the higher rate of income tax of 40% will have to pay additional tax on the interest to cover the difference between the tax deducted and the higher rate tax due.

4. AER stands for Annual Equivalent Rate and shows what the interest rate would be if interest was paid and added to the capital balance each year.

1. Where the balance falls below £1, interest will be earned at the prevailing basic rate, currently 0.10% gross p.a.

2. Gross is the rate of interest without the deduction of tax (please also see note 3).

3. Net p.a. is the annual rate of interest payable after the deduction of lower rate tax (currently 20%). Interest will be paid net or, subject to the required certification, gross. Where the tax deducted exceeds an investor's tax liability (if any), a claim may be made to HM Revenue & Customs for repayment of tax. For individuals whose income falls within the lower or basic rate bands, the tax deducted will match their liability to tax on the interest and they will have no more tax to pay on it. Individuals who are liable at the higher rate of income tax of 40% will have to pay additional tax on the interest to cover the difference between the tax deducted and the higher rate tax due.

4. AER stands for Annual Equivalent Rate and shows what the interest rate would be if interest was paid and added to the capital balance each year.

1. Where the balance falls below £1, interest will be earned at the prevailing basic rate, currently 0.10% gross p.a.

2. Gross is the rate of interest without the deduction of tax (please also see note 3).

3. Net p.a. is the annual rate of interest payable after the deduction of lower rate tax (currently 20%). Interest will be paid net or, subject to the required certification, gross. Where the tax deducted exceeds an investor's tax liability (if any), a claim may be made to HM Revenue & Customs for repayment of tax. For individuals whose income falls within the lower or basic rate bands, the tax deducted will match their liability to tax on the interest and they will have no more tax to pay on it. Individuals who are liable at the higher rate of income tax of 40% will have to pay additional tax on the interest to cover the difference between the tax deducted and the higher rate tax due.

4. AER stands for Annual Equivalent Rate and shows what the interest rate would be if interest was paid and added to the capital balance each year.

1. Where the balance falls below £1, interest will be earned at the prevailing basic rate, currently 0.10% gross p.a.

2. Gross is the rate of interest without the deduction of tax (please also see note 3).

3. Net p.a. is the annual rate of interest payable after the deduction of lower rate tax (currently 20%). Interest will be paid net or, subject to the required certification, gross. Where the tax deducted exceeds an investor's tax liability (if any), a claim may be made to HM Revenue & Customs for repayment of tax. For individuals whose income falls within the lower or basic rate bands, the tax deducted will match their liability to tax on the interest and they will have no more tax to pay on it. Individuals who are liable at the higher rate of income tax of 40% will have to pay additional tax on the interest to cover the difference between the tax deducted and the higher rate tax due.

4. AER stands for Annual Equivalent Rate and shows what the interest rate would be if interest was paid and added to the capital balance each year.

1. Where the balance falls below £1, interest will be earned at the prevailing basic rate, currently 0.10% gross p.a.

2. Gross is the rate of interest without the deduction of tax (please also see note 3).

3. Net p.a. is the annual rate of interest payable after the deduction of lower rate tax (currently 20%). Interest will be paid net or, subject to the required certification, gross. Where the tax deducted exceeds an investor's tax liability (if any), a claim may be made to HM Revenue & Customs for repayment of tax. For individuals whose income falls within the lower or basic rate bands, the tax deducted will match their liability to tax on the interest and they will have no more tax to pay on it. Individuals who are liable at the higher rate of income tax of 40% will have to pay additional tax on the interest to cover the difference between the tax deducted and the higher rate tax due.

4. AER stands for Annual Equivalent Rate and shows what the interest rate would be if interest was paid and added to the capital balance each year.

1. Where the balance falls below £1, interest will be earned at the prevailing basic rate, currently 0.10% gross p.a.

2. Gross is the rate of interest without the deduction of tax (please also see note 3).

3. Net p.a. is the annual rate of interest payable after the deduction of lower rate tax (currently 20%). Interest will be paid net or, subject to the required certification, gross. Where the tax deducted exceeds an investor's tax liability (if any), a claim may be made to HM Revenue & Customs for repayment of tax. For individuals whose income falls within the lower or basic rate bands, the tax deducted will match their liability to tax on the interest and they will have no more tax to pay on it. Individuals who are liable at the higher rate of income tax of 40% will have to pay additional tax on the interest to cover the difference between the tax deducted and the higher rate tax due.

4. AER stands for Annual Equivalent Rate and shows what the interest rate would be if interest was paid and added to the capital balance each year.

1. Where the balance falls below £1, interest will be earned at the prevailing basic rate, currently 0.10% gross p.a.

2. Gross is the rate of interest without the deduction of tax (please also see note 3).

3. Net p.a. is the annual rate of interest payable after the deduction of lower rate tax (currently 20%). Interest will be paid net or, subject to the required certification, gross. Where the tax deducted exceeds an investor's tax liability (if any), a claim may be made to HM Revenue & Customs for repayment of tax. For individuals whose income falls within the lower or basic rate bands, the tax deducted will match their liability to tax on the interest and they will have no more tax to pay on it. Individuals who are liable at the higher rate of income tax of 40% will have to pay additional tax on the interest to cover the difference between the tax deducted and the higher rate tax due.

4. AER stands for Annual Equivalent Rate and shows what the interest rate would be if interest was paid and added to the capital balance each year.

1. Where the balance falls below £1, interest will be earned at the prevailing basic rate, currently 0.10% gross p.a.

2. Gross is the rate of interest without the deduction of tax (please also see note 3).

3. Net p.a. is the annual rate of interest payable after the deduction of lower rate tax (currently 20%). Interest will be paid net or, subject to the required certification, gross. Where the tax deducted exceeds an investor's tax liability (if any), a claim may be made to HM Revenue & Customs for repayment of tax. For individuals whose income falls within the lower or basic rate bands, the tax deducted will match their liability to tax on the interest and they will have no more tax to pay on it. Individuals who are liable at the higher rate of income tax of 40% will have to pay additional tax on the interest to cover the difference between the tax deducted and the higher rate tax due.

4. AER stands for Annual Equivalent Rate and shows what the interest rate would be if interest was paid and added to the capital balance each year.

1. Where the balance falls below £1, interest will be earned at the prevailing basic rate, currently 0.10% gross p.a.

2. Gross is the rate of interest without the deduction of tax (please also see note 3).

3. Net p.a. is the annual rate of interest payable after the deduction of lower rate tax (currently 20%). Interest will be paid net or, subject to the required certification, gross. Where the tax deducted exceeds an investor's tax liability (if any), a claim may be made to HM Revenue & Customs for repayment of tax. For individuals whose income falls within the lower or basic rate bands, the tax deducted will match their liability to tax on the interest and they will have no more tax to pay on it. Individuals who are liable at the higher rate of income tax of 40% will have to pay additional tax on the interest to cover the difference between the tax deducted and the higher rate tax due.

4. AER stands for Annual Equivalent Rate and shows what the interest rate would be if interest was paid and added to the capital balance each year.

1. Where the balance falls below £1, interest will be earned at the prevailing basic rate, currently 0.10% gross p.a.

2. Gross is the rate of interest without the deduction of tax (please also see note 3).

3. Net p.a. is the annual rate of interest payable after the deduction of lower rate tax (currently 20%). Interest will be paid net or, subject to the required certification, gross. Where the tax deducted exceeds an investor's tax liability (if any), a claim may be made to HM Revenue & Customs for repayment of tax. For individuals whose income falls within the lower or basic rate bands, the tax deducted will match their liability to tax on the interest and they will have no more tax to pay on it. Individuals who are liable at the higher rate of income tax of 40% will have to pay additional tax on the interest to cover the difference between the tax deducted and the higher rate tax due.

4. AER stands for Annual Equivalent Rate and shows what the interest rate would be if interest was paid and added to the capital balance each year.

1. Where the balance falls below £1, interest will be earned at the prevailing basic rate, currently 0.10% gross p.a.

2. Gross is the rate of interest without the deduction of tax (please also see note 3).

3. Net p.a. is the annual rate of interest payable after the deduction of lower rate tax (currently 20%). Interest will be paid net or, subject to the required certification, gross. Where the tax deducted exceeds an investor's tax liability (if any), a claim may be made to HM Revenue & Customs for repayment of tax. For individuals whose income falls within the lower or basic rate bands, the tax deducted will match their liability to tax on the interest and they will have no more tax to pay on it. Individuals who are liable at the higher rate of income tax of 40% will have to pay additional tax on the interest to cover the difference between the tax deducted and the higher rate tax due.

4. AER stands for Annual Equivalent Rate and shows what the interest rate would be if interest was paid and added to the capital balance each year.

1. Where the balance falls below £1, interest will be earned at the prevailing basic rate, currently 0.10% gross p.a.

2. Gross is the rate of interest without the deduction of tax (please also see note 3).

3. Net p.a. is the annual rate of interest payable after the deduction of lower rate tax (currently 20%). Interest will be paid net or, subject to the required certification, gross. Where the tax deducted exceeds an investor's tax liability (if any), a claim may be made to HM Revenue & Customs for repayment of tax. For individuals whose income falls within the lower or basic rate bands, the tax deducted will match their liability to tax on the interest and they will have no more tax to pay on it. Individuals who are liable at the higher rate of income tax of 40% will have to pay additional tax on the interest to cover the difference between the tax deducted and the higher rate tax due.

4. AER stands for Annual Equivalent Rate and shows what the interest rate would be if interest was paid and added to the capital balance each year.

1. Where the balance falls below £1, interest will be earned at the prevailing basic rate, currently 0.10% gross p.a.

2. Gross is the rate of interest without the deduction of tax (please also see note 3).

3. Net p.a. is the annual rate of interest payable after the deduction of lower rate tax (currently 20%). Interest will be paid net or, subject to the required certification, gross. Where the tax deducted exceeds an investor's tax liability (if any), a claim may be made to HM Revenue & Customs for repayment of tax. For individuals whose income falls within the lower or basic rate bands, the tax deducted will match their liability to tax on the interest and they will have no more tax to pay on it. Individuals who are liable at the higher rate of income tax of 40% will have to pay additional tax on the interest to cover the difference between the tax deducted and the higher rate tax due.

4. AER stands for Annual Equivalent Rate and shows what the interest rate would be if interest was paid and added to the capital balance each year.

1. Where the balance falls below £1, interest will be earned at the prevailing basic rate, currently 0.10% gross p.a.

2. Gross is the rate of interest without the deduction of tax (please also see note 3).

3. Net p.a. is the annual rate of interest payable after the deduction of lower rate tax (currently 20%). Interest will be paid net or, subject to the required certification, gross. Where the tax deducted exceeds an investor's tax liability (if any), a claim may be made to HM Revenue & Customs for repayment of tax. For individuals whose income falls within the lower or basic rate bands, the tax deducted will match their liability to tax on the interest and they will have no more tax to pay on it. Individuals who are liable at the higher rate of income tax of 40% will have to pay additional tax on the interest to cover the difference between the tax deducted and the higher rate tax due.

4. AER stands for Annual Equivalent Rate and shows what the interest rate would be if interest was paid and added to the capital balance each year.

1. Where the balance falls below £1, interest will be earned at the prevailing basic rate, currently 0.10% gross p.a.

2. Gross is the rate of interest without the deduction of tax (please also see note 3).

3. Net p.a. is the annual rate of interest payable after the deduction of lower rate tax (currently 20%). Interest will be paid net or, subject to the required certification, gross. Where the tax deducted exceeds an investor's tax liability (if any), a claim may be made to HM Revenue & Customs for repayment of tax. For individuals whose income falls within the lower or basic rate bands, the tax deducted will match their liability to tax on the interest and they will have no more tax to pay on it. Individuals who are liable at the higher rate of income tax of 40% will have to pay additional tax on the interest to cover the difference between the tax deducted and the higher rate tax due.

4. AER stands for Annual Equivalent Rate and shows what the interest rate would be if interest was paid and added to the capital balance each year.

1. Where the balance falls below £1, interest will be earned at the prevailing basic rate, currently 0.10% gross p.a.

2. Gross is the rate of interest without the deduction of tax (please also see note 3).

3. Net p.a. is the annual rate of interest payable after the deduction of lower rate tax (currently 20%). Interest will be paid net or, subject to the required certification, gross. Where the tax deducted exceeds an investor's tax liability (if any), a claim may be made to HM Revenue & Customs for repayment of tax. For individuals whose income falls within the lower or basic rate bands, the tax deducted will match their liability to tax on the interest and they will have no more tax to pay on it. Individuals who are liable at the higher rate of income tax of 40% will have to pay additional tax on the interest to cover the difference between the tax deducted and the higher rate tax due.

4. AER stands for Annual Equivalent Rate and shows what the interest rate would be if interest was paid and added to the capital balance each year.

1. Where the balance falls below £1, interest will be earned at the prevailing basic rate, currently 0.10% gross p.a.

2. Gross is the rate of interest without the deduction of tax (please also see note 3).

3. Net p.a. is the annual rate of interest payable after the deduction of lower rate tax (currently 20%). Interest will be paid net or, subject to the required certification, gross. Where the tax deducted exceeds an investor's tax liability (if any), a claim may be made to HM Revenue & Customs for repayment of tax. For individuals whose income falls within the lower or basic rate bands, the tax deducted will match their liability to tax on the interest and they will have no more tax to pay on it. Individuals who are liable at the higher rate of income tax of 40% will have to pay additional tax on the interest to cover the difference between the tax deducted and the higher rate tax due.

4. AER stands for Annual Equivalent Rate and shows what the interest rate would be if interest was paid and added to the capital balance each year.

1. Where the balance falls below £1, interest will be earned at the prevailing basic rate, currently 0.10% gross p.a.

2. Gross is the rate of interest without the deduction of tax (please also see note 3).

3. Net p.a. is the annual rate of interest payable after the deduction of lower rate tax (currently 20%). Interest will be paid net or, subject to the required certification, gross. Where the tax deducted exceeds an investor's tax liability (if any), a claim may be made to HM Revenue & Customs for repayment of tax. For individuals whose income falls within the lower or basic rate bands, the tax deducted will match their liability to tax on the interest and they will have no more tax to pay on it. Individuals who are liable at the higher rate of income tax of 40% will have to pay additional tax on the interest to cover the difference between the tax deducted and the higher rate tax due.

4. AER stands for Annual Equivalent Rate and shows what the interest rate would be if interest was paid and added to the capital balance each year.

1. Where the balance falls below £1, interest will be earned at the prevailing basic rate, currently 0.10% gross p.a.

2. Gross is the rate of interest without the deduction of tax (please also see note 3).

3. Net p.a. is the annual rate of interest payable after the deduction of lower rate tax (currently 20%). Interest will be paid net or, subject to the required certification, gross. Where the tax deducted exceeds an investor's tax liability (if any), a claim may be made to HM Revenue & Customs for repayment of tax. For individuals whose income falls within the lower or basic rate bands, the tax deducted will match their liability to tax on the interest and they will have no more tax to pay on it. Individuals who are liable at the higher rate of income tax of 40% will have to pay additional tax on the interest to cover the difference between the tax deducted and the higher rate tax due.

4. AER stands for Annual Equivalent Rate and shows what the interest rate would be if interest was paid and added to the capital balance each year.

1. Where the balance falls below £1, interest will be earned at the prevailing basic rate, currently 0.10% gross p.a.

2. Gross is the rate of interest without the deduction of tax (please also see note 3).

3. Net p.a. is the annual rate of interest payable after the deduction of lower rate tax (currently 20%). Interest will be paid net or, subject to the required certification, gross. Where the tax deducted exceeds an investor's tax liability (if any), a claim may be made to HM Revenue & Customs for repayment of tax. For individuals whose income falls within the lower or basic rate bands, the tax deducted will match their liability to tax on the interest and they will have no more tax to pay on it. Individuals who are liable at the higher rate of income tax of 40% will have to pay additional tax on the interest to cover the difference between the tax deducted and the higher rate tax due.

4. AER stands for Annual Equivalent Rate and shows what the interest rate would be if interest was paid and added to the capital balance each year.

1. Where the balance falls below £1, interest will be earned at the prevailing basic rate, currently 0.10% gross p.a.

2. Gross is the rate of interest without the deduction of tax (please also see note 3).

3. Net p.a. is the annual rate of interest payable after the deduction of lower rate tax (currently 20%). Interest will be paid net or, subject to the required certification, gross. Where the tax deducted exceeds an investor's tax liability (if any), a claim may be made to HM Revenue & Customs for repayment of tax. For individuals whose income falls within the lower or basic rate bands, the tax deducted will match their liability to tax on the interest and they will have no more tax to pay on it. Individuals who are liable at the higher rate of income tax of 40% will have to pay additional tax on the interest to cover the difference between the tax deducted and the higher rate tax due.

4. AER stands for Annual Equivalent Rate and shows what the interest rate would be if interest was paid and added to the capital balance each year.

1. Where the balance falls below £1, interest will be earned at the prevailing basic rate, currently 0.10% gross p.a.

2. Gross is the rate of interest without the deduction of tax (please also see note 3).

3. Net p.a. is the annual rate of interest payable after the deduction of lower rate tax (currently 20%). Interest will be paid net or, subject to the required certification, gross. Where the tax deducted exceeds an investor's tax liability (if any), a claim may be made to HM Revenue & Customs for repayment of tax. For individuals whose income falls within the lower or basic rate bands, the tax deducted will match their liability to tax on the interest and they will have no more tax to pay on it. Individuals who are liable at the higher rate of income tax of 40% will have to pay additional tax on the interest to cover the difference between the tax deducted and the higher rate tax due.

4. AER stands for Annual Equivalent Rate and shows what the interest rate would be if interest was paid and added to the capital balance each year.

1. Where the balance falls below £1, interest will be earned at the prevailing basic rate, currently 0.10% gross p.a.

2. Gross is the rate of interest without the deduction of tax (please also see note 3).

3. Net p.a. is the annual rate of interest payable after the deduction of lower rate tax (currently 20%). Interest will be paid net or, subject to the required certification, gross. Where the tax deducted exceeds an investor's tax liability (if any), a claim may be made to HM Revenue & Customs for repayment of tax. For individuals whose income falls within the lower or basic rate bands, the tax deducted will match their liability to tax on the interest and they will have no more tax to pay on it. Individuals who are liable at the higher rate of income tax of 40% will have to pay additional tax on the interest to cover the difference between the tax deducted and the higher rate tax due.

4. AER stands for Annual Equivalent Rate and shows what the interest rate would be if interest was paid and added to the capital balance each year.

1. Where the balance falls below £1, interest will be earned at the prevailing basic rate, currently 0.10% gross p.a.

2. Gross is the rate of interest without the deduction of tax (please also see note 3).

3. Net p.a. is the annual rate of interest payable after the deduction of lower rate tax (currently 20%). Interest will be paid net or, subject to the required certification, gross. Where the tax deducted exceeds an investor's tax liability (if any), a claim may be made to HM Revenue & Customs for repayment of tax. For individuals whose income falls within the lower or basic rate bands, the tax deducted will match their liability to tax on the interest and they will have no more tax to pay on it. Individuals who are liable at the higher rate of income tax of 40% will have to pay additional tax on the interest to cover the difference between the tax deducted and the higher rate tax due.

4. AER stands for Annual Equivalent Rate and shows what the interest rate would be if interest was paid and added to the capital balance each year.

1. Where the balance falls below £1, interest will be earned at the prevailing basic rate, currently 0.10% gross p.a.

2. Gross is the rate of interest without the deduction of tax (please also see note 3).

3. Net p.a. is the annual rate of interest payable after the deduction of lower rate tax (currently 20%). Interest will be paid net or, subject to the required certification, gross. Where the tax deducted exceeds an investor's tax liability (if any), a claim may be made to HM Revenue & Customs for repayment of tax. For individuals whose income falls within the lower or basic rate bands, the tax deducted will match their liability to tax on the interest and they will have no more tax to pay on it. Individuals who are liable at the higher rate of income tax of 40% will have to pay additional tax on the interest to cover the difference between the tax deducted and the higher rate tax due.

4. AER stands for Annual Equivalent Rate and shows what the interest rate would be if interest was paid and added to the capital balance each year.

1. Where the balance falls below £1, interest will be earned at the prevailing basic rate, currently 0.10% gross p.a.

2. Gross is the rate of interest without the deduction of tax (please also see note 3).

3. Net p.a. is the annual rate of interest payable after the deduction of lower rate tax (currently 20%). Interest will be paid net or, subject to the required certification, gross. Where the tax deducted exceeds an investor's tax liability (if any), a claim may be made to HM Revenue & Customs for repayment of tax. For individuals whose income falls within the lower or basic rate bands, the tax deducted will match their liability to tax on the interest and they will have no more tax to pay on it. Individuals who are liable at the higher rate of income tax of 40% will have to pay additional tax on the interest to cover the difference between the tax deducted and the higher rate tax due.

4. AER stands for Annual Equivalent Rate and shows what the interest rate would be if interest was paid and added to the capital balance each year.

1. Where the balance falls below £1, interest will be earned at the prevailing basic rate, currently 0.10% gross p.a.

2. Gross is the rate of interest without the deduction of tax (please also see note 3).

3. Net p.a. is the annual rate of interest payable after the deduction of lower rate tax (currently 20%). Interest will be paid net or, subject to the required certification, gross. Where the tax deducted exceeds an investor's tax liability (if any), a claim may be made to HM Revenue & Customs for repayment of tax. For individuals whose income falls within the lower or basic rate bands, the tax deducted will match their liability to tax on the interest and they will have no more tax to pay on it. Individuals who are liable at the higher rate of income tax of 40% will have to pay additional tax on the interest to cover the difference between the tax deducted and the higher rate tax due.

4. AER stands for Annual Equivalent Rate and shows what the interest rate would be if interest was paid and added to the capital balance each year.

1. Where the balance falls below £1, interest will be earned at the prevailing basic rate, currently 0.10% gross p.a.

2. Gross is the rate of interest without the deduction of tax (please also see note 3).

3. Net p.a. is the annual rate of interest payable after the deduction of lower rate tax (currently 20%). Interest will be paid net or, subject to the required certification, gross. Where the tax deducted exceeds an investor's tax liability (if any), a claim may be made to HM Revenue & Customs for repayment of tax. For individuals whose income falls within the lower or basic rate bands, the tax deducted will match their liability to tax on the interest and they will have no more tax to pay on it. Individuals who are liable at the higher rate of income tax of 40% will have to pay additional tax on the interest to cover the difference between the tax deducted and the higher rate tax due.

4. AER stands for Annual Equivalent Rate and shows what the interest rate would be if interest was paid and added to the capital balance each year.

1. Where the balance falls below £1, interest will be earned at the prevailing basic rate, currently 0.10% gross p.a.

2. Gross is the rate of interest without the deduction of tax (please also see note 3).

3. Net p.a. is the annual rate of interest payable after the deduction of lower rate tax (currently 20%). Interest will be paid net or, subject to the required certification, gross. Where the tax deducted exceeds an investor's tax liability (if any), a claim may be made to HM Revenue & Customs for repayment of tax. For individuals whose income falls within the lower or basic rate bands, the tax deducted will match their liability to tax on the interest and they will have no more tax to pay on it. Individuals who are liable at the higher rate of income tax of 40% will have to pay additional tax on the interest to cover the difference between the tax deducted and the higher rate tax due.

4. AER stands for Annual Equivalent Rate and shows what the interest rate would be if interest was paid and added to the capital balance each year.

1. Where the balance falls below £1, interest will be earned at the prevailing basic rate, currently 0.10% gross p.a.

2. Gross is the rate of interest without the deduction of tax (please also see note 3).

3. Net p.a. is the annual rate of interest payable after the deduction of lower rate tax (currently 20%). Interest will be paid net or, subject to the required certification, gross. Where the tax deducted exceeds an investor's tax liability (if any), a claim may be made to HM Revenue & Customs for repayment of tax. For individuals whose income falls within the lower or basic rate bands, the tax deducted will match their liability to tax on the interest and they will have no more tax to pay on it. Individuals who are liable at the higher rate of income tax of 40% will have to pay additional tax on the interest to cover the difference between the tax deducted and the higher rate tax due.

4. AER stands for Annual Equivalent Rate and shows what the interest rate would be if interest was paid and added to the capital balance each year.