1 AER stands for the Annual Equivalent Rate and illustrates what the interest rate would be if interest was paid and compounded once a year. Gross means the interest rate payable before the deduction of tax. The AER is intended to be an indicative rate to help you compare the return on different savings products. Rates quoted represent the annual interest option.
2 Each Tuesday (or on the next Working Day, if this is not a Working Day), Moneyfacts will calculate the interest rate applicable to the Account using the ten highest rates selected by Moneyfacts from any of the following six categories: no notice accounts, notice accounts, internet accounts, monthly interest accounts, over 50s accounts, and introductory bonus accounts. No more than one interest rate from any one bank or building society will be taken into account in the calculation. Where two or more rates come from any one bank or building society the highest rate will apply. Where an interest rate is disqualified for this reason then the next highest interest rate which would apply will be used instead of that rate. Moneyfacts Group PLC of Moneyfacts House, 66-70 Thorpe Road, Norwich, Norfolk, NR1 1BJ is an entirely independent and impartial source of information and their selection charts can be seen throughout the UK national press and media.