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Interest is paid gross i.e. without tax being taken off on all our savings accounts - ISA accounts pay interest tax-free. Tax-free means that interest is not subject to income tax.
AER stands for the Annual Equivalent Rate and shows you what the interest rate would be if interest was paid and added each year. This will enable you to compare more easily the return you can expect from your savings over time.
Variable rate of interest means the interest rate payable on your account can change and move up and down.
Tax-free means that interest is not subject to income tax.
Interest is paid gross i.e. without tax being taken off on all our savings accounts - ISA accounts pay interest tax-free. Tax-free means that interest is not subject to income tax.
AER stands for the Annual Equivalent Rate and shows you what the interest rate would be if interest was paid and added each year. This will enable you to compare more easily the return you can expect from your savings over time.
Fixed rate of interest means that the interest rate payable on your account will remain the same from the time you open your account until the end of the fixed rate period.