Direct Saver - Rates
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Excluding conditional introductory bonus of 0.53% Gross/AER paid each month for 12 months from the date the account is first opened:
| Account | Frequency interest paid | Rate bands £ | Previous rates (variable) | Current rates (variable) | ||
|---|---|---|---|---|---|---|
| Gross % | AER % | Gross % | AER % | |||
| Direct Saver (excluding 12 month conditional introductory bonus of 0.53%) | Monthly | 5,000-1,000,000 | 1.65 | 1.66 | 0.96 | 0.96 |
Including conditional introductory bonus of 0.53% Gross/AER paid each month for 12 months from the date the account is first opened. Applies to accounts opened from 22 November 2012.
| Account | Frequency interest paid | Rate bands £ | Previous rates (variable) | Current rates (variable) | ||
|---|---|---|---|---|---|---|
| Gross % | AER % | Gross % | AER % | |||
| Direct Saver (including 12 month conditional introductory bonus of 0.53%) | Monthly | 5,000-1,000,000 | 2.18* | 2.20* | 1.49* | 1.50* |
* Includes conditional introductory bonus of 0.53% Gross/AER applies to accounts opened from 22 November 2012, and is paid each month for 12 months from the date the account is first opened.
Where the balance on a Direct Saver account falls below the minimum balance (£5,000), the nominal rate of 0.01% Gross/AER (variable) will apply.
Gross is interest rate paid before the deduction of tax.
Annual Equivalent Rate (AER) illustrates what the interest rate would be if paid and compounded each year.
Anyone aged 18 or over and resident in the United Kingdom can open a Direct Saver account.
