Sterling interest rates and charges

Variable Rate Accounts (Minimum balance £10,000; Maximum balance £2,000,000)

  Gross Rate Per Annum Gross Rate over the term AER
Net Rate Per Annum1
Sterling Easy Access        
Easy Access Savings Account
Annual Interest
0.25% N/A 0.25% 0.15%

Fixed Rate Accounts (Minimum Balance £10,000; Maximum balance £2,000,000)

  Gross Rate Per Annum Gross Rate over the term AER Net Rate Per Annum1
Sterling 6 Month Fixed        
6 Month Fixed Rate Savings Account
Annual / at maturity interest (Issue 4)
0.50% 0.25% 0.50% 0.31%
Sterling 12 Month Fixed
12 Month Fixed Rate Savings Account
At maturity interest (Issue 4)
0.75% 0.75% 0.75% 0.46%

1 Interest is subject to Deposit Interest Retention Tax (DIRT) where applicable. The current DIRT rate is 39%.

The term AER means Annual Equivalent Rate and is the interest rate you would receive for a full year if the interest was paid and compounded.

The gross rate of interest is the interest rate payable before any Deposit Interest Retention Tax (DIRT) is deducted. This is expressed on an annual basis and over the term of any fixed rate savings account.

The net rate of interest is the interest rate payable after any Deposit Interest Retention Tax (DIRT) is deducted (if you do pay tax).

Where applicable, DIRT is deducted from the interest you earn with us and paid directly to the Revenue Commissioners. A DIRT statement is available for each account and details the amount of interest earned, paid and tax deducted.