Rates are effective from 19.09.16. The rate of interest is variable, so it could go up or down, is paid gross and monthly. 1 Gross is the rate of interest earned before income tax is deducted. Automatic deduction of tax on interest stopped on 6 April 2016. However, you may be liable to pay income tax on the interest you have earned, depending on your personal circumstances. Please contact HMRC or your applicable tax authority outside of the UK for further information or visit www.gov.uk/hmrc/savingsallowanceLink opens in a new window 2 AER stands for Annual Equivalent Rate. It shows what the interest rate would be if interest was added each year to the account balance (including any interest already earned that year).
* Some cash machines may charge you for withdrawals. This will be shown on screen with an option to cancel the withdrawal.