Accounts for special entities
90 Day Notice Account for Special Entities
|
Previous |
New |
| Gross rate pa |
AER |
Gross rate pa |
AER |
| £1m+ |
- |
- |
2.05% |
2.07% |
| £500,000-£999,999 |
- |
- |
1.92% |
1.93% |
| £250,000-£499,999 |
- |
- |
1.80% |
1.81% |
| £1-£249,999 |
- |
- |
1.67% |
1.68% |
- 90 days' notice is required for each withdrawal. If notice is not given, an interest penalty of 90 days on the amount withdrawn, calculated at the interest rate applicable to your account on the day of withdrawal, will be applied.
- The Annual Equivalent Rate ('AER') is the notional rate which shows the gross interest rate as if paid and compounded on an annual basis.
- 'Gross' is the rate of interest before the deduction of Income Tax at the rate required by UK law.
- Interest will be paid quarterly after deducting Income Tax (where applicable) at the rate required by law.
- All rates are subject to variation.
Rates correct as at 1 November 2010.
