Private Internet Term Deposit Monthly Capitalised Interest Rates
How it works
The table below provides details of the special terms and rates available today on our Private Internet Term Deposits. These terms and rates are reviewed regularly and can be changed at any time. The term and rate you choose will only remain available to you as long as the completed Application Form and Cleared funds are available within 5 Business Days of the offer last being posted on the web page.
Term Deposit £10,000 - £5,000,000
| Term | Gross* % pa |
AER+ % pa | Net** % pa |
|---|---|---|---|
| 12 months | 3.35 | 3.40 | 2.68 |
To deposit funds in the above offer simply decide how much you wish to invest and then click on Apply. See Frequently Asked Questions regarding Commencement and Maturity Dates and withdrawals.
Rates of interest are subject to change but are correct as at 17th December 2008.
Interest rates are fixed from the Commencement Date of the Deposit. Interest is paid at the end of each calendar month and at maturity.
Note: During the fixed term, you can only make one withdrawal of the full amount, including any accrued interest. Such a withdrawal will be subject to an early repayment charge (£30 minimum charge) the amount of which is dependent on the number of days to Maturity. Ask at any branch or see Terms and Conditions for details. The charge will be deducted from any accrued interest, but where there is insufficient accrued interest to meet the charge in full, any additional sum will be deducted from the capital in the account. If early repayment is requested then the stated interest will not be achieved.
Definitions
Interest will be credited to the account at maturity, or (if any) when the account is closed, if earlier.
*Gross Rate interest is the interest payable without taking account of the deduction of income tax. For most customers tax will be deducted at the lower rate prevailing at the time of payment (currently 20%).
**AER. Annual Equivalent Rate illustrates what the interest rate would be if interest was paid and compounded once each year. If your deposit is for 12 months or more it illustrates what the interest rate is on your deposit each year. This offer is available for a limited period only. Full Terms and Conditions are available on request
**Net Rate: The Net rate is the Gross rate less tax at the lower rate of 20%. Tax at this rate will be deducted from accounts subject to tax at the time interest is paid. Non-taxpayers may register for payment of interest gross. Tax paid may be reclaimed, where appropriate, from the Inland Revenue.