rates for other accounts

The rate will be no lower than 1.00% below the UK Bank Base Rate until further notice. The interest rates will be reviewed and adjusted if necessary to comply with the interest rate guarantee within one month of a UK Bank Base Rate change.

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.

The rate will be no lower than 1.00% below the UK Bank Base Rate until further notice. The interest rates will be reviewed and adjusted if necessary to comply with the interest rate guarantee within one month of a UK Bank Base Rate change.

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.

Special Bond Issue 8 - 18 previous rate effective 08 December 2006

The rate will be no lower than 1.00% below the UK Bank Base Rate until further notice. The interest rates will be reviewed and adjusted if necessary to comply with the interest rate guarantee within one month of a UK Bank Base Rate change.

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.

The rate will be no lower than 1.00% below the UK Bank Base Rate until further notice. The interest rates will be reviewed and adjusted if necessary to comply with the interest rate guarantee within one month of a UK Bank Base Rate change.

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.