*AER stands for Annually Equivalent Rate and illustrates what the interest rate would be if interest was paid and compounded once each year.
*Gross is the gross rate of interest is the interest rate payable before any income tax is deducted (if you do pay tax).
*Tax-free interest will be paid exempt of UK income tax.
Whether you need to pay tax is dependent on your own personal circumstances and maybe subject to change in the future. Interest is paid gross on all our savings accounts – except ISAs where it is paid tax-free. For more information on Tax Allowances please call HMRC on 0300 200 3312 or visit https://www.gov.uk/government/publications/personal-savings-allowance-factsheet/personal-savings-allowance.
Interest rates stated are variable unless otherwise stated.