![]() Please see information on the Personal Savings Allowance or speak to a tax advisor. If your credit interest is more than your Personal Savings Allowance you may still have tax to pay. Deposit accounts with a rate of interest linked to the Allied Irish Bank (GB) Base Rate will move in accordance with our base rate changes.Īll rates are variable (can change from time to time) unless stated otherwise.įrom the 6 April 2016 credit interest on all accounts will be paid gross (under new legislation tax will not be deducted when credit interest is paid). The Allied Irish Bank (GB) Base Rate is typically the same as the Bank of England Base Rate, although this may not always be the case. The Allied Irish Bank (GB) Base Rate can go up or down. Got a lump sum Now you can earn up to 2 AER fixed interest on your funds, simply by switching your savings to our Advantage Fixed Term Deposit Account. **AER stands for Annual Equivalent Rate and illustrates what the interest rate would be if interest was paid and compounded once each year. *Gross stands for contractual rate of interest payable before the deduction of income tax at the rate specified by law. In the news, its sometimes called the Bank of England base rate or even just the interest. Rate bands are between £5,000 to £2,000,000.įixed Rate Bonds are fixed term deposit accounts (rate is fixed for the duration of the term). Bank Rate is the single most important interest rate in the UK. ![]() ![]() Interest is payable annually/ on maturity. Rates are effective from close of business 27.11.23. Effective from close of business 26.10.23Īccounts no longer available to open Savings Direct Fixed Rate Bonds ![]()
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