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Useful Information

Interest rate page updated 14/07/08.

View rates for superseded accounts

Amount	Gross Rate % p.a.		AER % (Variable)		Net % p.a.		Current Rates Effective From
Amount	Previous	Current	Previous	Current	Previous	Current	Current Rates Effective From
Direct Saver (Annual Interest)
£50,000 +	4.70	4.20	4.70	4.20	3.76	3.36	03/11/2008
£25,000 - £49,999	4.35	3.85	4.35	3.85	3.48	3.08	03/11/2008
£10,000 - £24,999	4.20	3.70	4.20	3.70	3.36	2.96	03/11/2008
£1 - £9,999	3.95	3.45	3.95	3.45	3.16	2.76	03/11/2008
Direct Saver (Annual Interest including bonus)
£50,000 +	6.00	5.50	6.00	5.50	4.80	4.40	03/11/2008
£25,000 - £49,999	5.65	5.15	5.65	5.15	5.52	4.12	03/11/2008
£10,000 - £24,999	5.50	5.00	5.50	5.00	4.40	4.00	03/11/2008
£1 - £9,999	5.25	4.75	5.25	4.75	4.20	3.80	03/11/2008
Interest is paid annually to the account. The bonus interest will be applied from the last business day of the month following the month in which your account is opened. It will be paid in two instalments, in April 2009 and April 2010, along with the standard interest payment. The Gross and AER rates are applicable from the start date of the bonus. Offer may be withdrawn at any time. Offer available from 19.09.08 and all rates correct as at 03.11.08 and are subject to variation. Gross is the interest rate paid before the deduction of tax Annual Equivalent Rate (AER) illustrates what the interest rate would be if paid and compounded each year. Last updated on: 03 Nov 2008.
Telephone Saver
£50,000 +	4.50	4.00	4.50	4.00	3.60	3.20	03/11/2008
£10,000 - £49,999	4.00	3.50	4.00	3.50	3.20	2.80	03/11/2008
£1 - £9,999	3.75	3.25	3.75	3.25	3.00	2.60	03/11/2008
Instant Access Savings Account (Annual Interest)
£25,000 +	1.55	1.05	1.55	1.05	1.24	0.84	03/11/2008
£10,000 - £24,999	1.45	0.95	1.45	0.95	1.16	0.76	03/11/2008
£5,000 - £9,999	1.40	0.90	1.40	0.90	1.12	0.72	03/11/2008
£1 - £4,999	1.30	0.80	1.30	0.80	1.04	0.64	03/11/2008
Offset Instant Access Savings Account (Monthly Interest)
£25,000 +	1.55	1.05	1.56	1.06	1.24	0.84	03/11/2008
£10,000 - £24,999	1.45	0.95	1.46	0.95	1.16	0.76	03/11/2008
£5,000 - £9,999	1.40	0.90	1.41	0.90	1.12	0.72	03/11/2008
£1 - £4,999	1.30	0.80	1.31	0.80	1.04	0.64	03/11/2008
Bonus 30 Account (Annual Interest) *
£100,000 +	4.40	3.80	3.40	2.80	3.52	3.04	03/11/2008
£50,000 - £99,999	4.35	3.75	3.35	2.75	3.48	3.00	03/11/2008
£25,000 - £49,999	4.05	3.45	3.05	2.45	3.24	2.76	03/11/2008
£10,000 - £24,999	3.75	3.15	2.75	2.15	3.00	2.52	03/11/2008
£5,000 - £9,999	3.15	2.55	2.15	1.55	2.52	2.04	03/11/2008
£1 - £4,999	2.90	2.30	1.90	1.30	2.32	1.84	03/11/2008
*The gross and net rates for the current interest rates illustrate the interest rate when a full year's bonus is payable. A bonus of 1.00% gross per annum is paid annually on the last business day of March (where you have made no more than 4 withdrawals during the annual period) and is calculated on the daily cleared credit balance for that annual period (starting on the last business day of March).
Royalties Saver Account
£250,000 +	4.10	3.60	4.10	3.60	3.28	2.88	03/11/2008
£100,000 - £249,999	4.00	3.50	4.00	3.50	3.20	2.80	03/11/2008
£50,000 - £99,999	3.90	3.40	3.90	3.40	3.12	2.72	03/11/2008
£25,000 - £49,999	3.80	3.30	3.80	3.30	3.04	2.64	03/11/2008
£2,000 - £24,999	3.60	3.10	3.60	3.10	2.88	2.48	03/11/2008
£0 - £1,999	0.10	0.10	0.10	0.10	0.08	0.08	03/11/2008
We calculate interest on a daily basis. We add this interest to your account (or to another account held at the same branch) annually at the end of March. This account is only available to Royalties Gold, and Royalties Private account holders and those we invite to open an account.
Instant Access Cash ISA (Annual Interest)
£24,000 +	5.25	4.75	5.25	4.75	n/a	n/a	03/11/2008
£15,000 - £23,999	4.95	4.45	4.95	4.45	n/a	n/a	03/11/2008
£9,000 - £14,999	4.65	4.15	4.65	4.15	n/a	n/a	03/11/2008
£3,000 - £8,999	4.45	3.95	4.45	3.95	n/a	n/a	03/11/2008
£1 - £2,999	4.25	3.75	4.25	3.75	n/a	n/a	03/11/2008
Instant Access Cash ISA (Annual Interest with 2% bonus)
£24,000 +	7.25	6.75	7.25	6.75	n/a	n/a	03/11/2008
£15,000 - £23,999	6.95	6.45	6.95	6.45	n/a	n/a	03/11/2008
£9,000 - £14,999	6.65	6.15	6.65	6.15	n/a	n/a	03/11/2008
£3,000 - £8,999	6.45	5.95	6.45	5.95	n/a	n/a	03/11/2008
£1 - £2,999	6.25	5.75	6.25	5.75	n/a	n/a	03/11/2008
About the bonus For customers who applied to transfer from 18 September 2008 until 09 November 2008. How it's calculated - we apply the bonus from the date we receive your Cash ISA transfer form. However, the 12 month period starts when we receive the funds from your old Cash ISA provider. So you could get our market-leading rate for longer than 12 months. Paying your interest and bonus - we pay the interest annually to the account, or another account at the same branch. We'll pay the bonus in two instalments - at the end of March 2009 and March 2010. Eligible transfers - the bonus is for customers transferring in ISA funds from another provider. This excludes transfers within the RBS Group (including NatWest) Hurry - we may withdraw this offer at any time
Instant Savings Tracker (Annual Interest) Excluding 2% Bonus
£50,000 +	3.75	3.25	3.75	3.25	3.00	2.60	03/11/2008
£25,000 - £49,999	3.50	3.00	3.50	3.00	2.80	2.40	03/11/2008
£10,000 - £24,999	3.25	2.75	3.25	2.75	2.60	2.20	03/11/2008
£5,000 - £9,999	2.65	2.15	2.65	2.15	2.12	1.72	03/11/2008
£500 - £4,999	2.40	1.90	2.40	1.90	1.92	1.52	03/11/2008
£1 - £499	1.90	1.40	1.90	1.40	1.52	1.12	03/11/2008
We calculate interest on a daily basis. We add this interest to your account (or to another account at the same branch) every year on the last business day of March. The tracking rate only applies to interest on balances of £500 or more until 1 February 2009. You may make 3 withdrawals without separate charge during each 3 month period that you have your account (the first of which will commence on the date on which the account was opened). We will charge you £1.50 when you make each further withdrawal.
Instant Savings Tracker (Annual Interest) Including 2% Bonus
£50,000 +	5.75	5.25	4.25	3.75	4.60	4.20	03/11/2008
£25,000 - £49,999	5.50	5.00	4.00	3.50	4.40	4.00	03/11/2008
£10,000 - £24,999	5.25	4.75	3.75	3.25	4.20	3.80	03/11/2008
£5,000 - £9,999	4.65	4.15	3.15	2.65	3.72	3.32	03/11/2008
£500 - £4,999	4.40	3.90	2.90	2.40	3.52	3.12	03/11/2008
£1 - £499	n/a	n/a	n/a	n/a	n/a	n/a	03/11/2008
An additional 2% gross p.a. bonus is payable for the first 3 months the account is opened on accounts opened between 23 June and 6 September 2008. The bonus is only applicable on minimum balances of £500 or more and will be paid at the end of March 2009.
Private Banking Deposit Account
£1,000,000 +	4.41	3.93	4.50	4.00	3.53	3.14	03/11/2008
£100,000 - £999,999	3.98	3.49	4.05	3.55	3.18	2.79	03/11/2008
£50,000 - £99,999	3.74	3.25	3.80	3.30	2.99	2.60	03/11/2008
£25,000 - £49,999	3.49	3.01	3.55	3.05	2.79	2.41	03/11/2008
£10,000 - £24,999	3.25	2.76	3.30	2.80	2.60	2.21	03/11/2008
£5,000 - £9,999	3.01	2.52	3.05	2.55	2.41	2.02	03/11/2008
£1 - £4,999	2.76	2.28	2.80	2.30	2.21	1.82	03/11/2008
First Home Saver (Annual Interest) Excluding 2% Bonus
£50,000 +	3.75	3.25	3.75	3.25	3.00	2.60	03/11/2008
£25,000 - £49,999	3.50	3.00	3.50	3.00	2.80	2.40	03/11/2008
£10,000 - £24,999	3.25	2.75	3.25	2.75	2.60	2.20	03/11/2008
£5,000 - £9,999	2.65	2.15	2.65	2.15	2.12	1.72	03/11/2008
£500 - £4,999	2.40	1.90	2.40	1.90	1.92	1.52	03/11/2008
£1 - £499	1.90	1.40	1.90	1.40	1.52	1.12	03/11/2008
We calculate interest on a daily basis. We add this interest to your account (or to another account at the same branch) every year on the last business day of March. The tracking rate only applies to interest on balances of £500 or more until 1 February 2009. You may make 3 withdrawals without separate charge during each 3 month period that you have your account (the first of which will commence on the date on which the account was opened). We will charge you £1.50 when you make each further withdrawal.
First Home Saver (Annual Interest) Including 2% Bonus
£50,000 +	5.75	5.25	4.25	3.75	4.60	4.20	03/11/2008
£25,000 - £49,999	5.50	5.00	4.00	3.50	4.40	4.00	03/11/2008
£10,000 - £24,999	5.25	4.75	3.75	3.25	4.20	3.80	03/11/2008
£5,000 - £9,999	4.65	4.15	3.15	2.65	3.72	3.32	03/11/2008
£500 - £4,999	4.40	3.90	2.90	2.40	3.52	3.12	03/11/2008
£1 - £499	n/a	n/a	n/a	n/a	n/a	n/a	03/11/2008
An additional 2% gross p.a. bonus is payable for the first 3 months the account is opened on accounts opened between 23 June and 6 September 2008. The bonus is only applicable on minimum balances of £500 or more and will be paid at the end of March 2009.
Rainbow Savings account (Annual Interest)
£1 +	4.35	3.85	4.35	3.85	3.48	3.08	03/11/2008

Accounts no longer available to new investors or no longer promoted (superseded accounts).

Amount	Gross Rate % p.a.		AER % (Variable)		Net % p.a.		Current Rates Effective From
Amount	Previous	Current	Previous	Current	Previous	Current	Current Rates Effective From
R15 Account (Interest Paid Quarterly)
£1 +	4.35	3.85	4.42	3.91	3.48	3.08	03/11/2008
Gold Deposit Account (Annual Interest)
£1 +	0.55	0.10	0.55	0.10	0.44	0.08	03/11/2008
Gold Deposit Account (Quarterly Interest)
£1 +	0.50	0.10	0.50	0.10	0.40	0.08	03/11/2008
30 Day Savings Account (Annual Interest)
£50,000 +	2.00	1.40	2.00	1.40	1.60	1.12	03/11/2008
£25,000 - £49,999	1.75	1.15	1.75	1.15	1.40	0.92	03/11/2008
£10,000 - £24,999	1.60	1.00	1.60	1.00	1.28	0.80	03/11/2008
£5,000 - £9,999	1.05	0.45	1.05	0.45	0.84	0.36	03/11/2008
£1 - £4,999	0.75	0.15	0.75	0.15	0.60	0.12	03/11/2008
30 Day Savings Account (Monthly Interest)
£50,000 +	1.80	1.20	1.81	1.21	1.44	0.96	03/11/2008
£25,000 - £49,999	1.55	0.95	1.56	0.95	1.24	0.76	03/11/2008
£10,000 - £24,999	1.40	0.80	1.41	0.80	1.12	0.64	03/11/2008
£5,000 - £9,999	0.85	0.25	0.85	0.25	0.68	0.20	03/11/2008
£1 - £4,999	0.55	0.10	0.55	0.10	0.44	0.08	03/11/2008
60 Day Savings Account (Annual Interest)
£50,000 +	2.70	2.10	2.70	2.10	2.16	1.68	03/11/2008
£25,000 - £49,999	2.45	1.85	2.45	1.85	1.96	1.48	03/11/2008
£10,000 - £24,999	2.15	1.55	2.15	1.55	1.72	1.24	03/11/2008
£5,000 - £9,999	1.45	0.85	1.45	0.85	1.16	0.68	03/11/2008
£1 - £4,999	1.15	0.55	1.15	0.55	0.92	0.44	03/11/2008
60 Day Savings Account (Monthly Interest)
£50,000 +	2.60	2.00	2.63	2.02	2.08	1.60	03/11/2008
£25,000 - £49,999	2.35	1.75	2.38	1.76	1.88	1.40	03/11/2008
£10,000 - £24,999	2.05	1.45	2.07	1.46	1.64	1.16	03/11/2008
£5,000 - £9,999	1.35	0.75	1.36	0.75	1.08	0.60	03/11/2008
£1 - £4,999	1.05	0.45	1.06	0.45	0.84	0.36	03/11/2008
Bonus 90 Account (Monthly Interest) *
£100,000 +	4.10	3.50	3.14	2.53	3.28	2.80	03/11/2008
£50,000 - £99,999	4.05	3.45	3.09	2.48	3.24	2.76	03/11/2008
£25,000 - £49,999	3.80	3.20	2.84	2.22	3.04	2.56	03/11/2008
£10,000 - £24,999	3.50	2.90	2.53	1.92	2.80	2.32	03/11/2008
£5,000 - £9,999	2.90	2.30	1.92	1.31	2.32	1.84	03/11/2008
£1 - £4,999	2.60	2.00	1.61	1.00	2.08	1.60	03/11/2008
* The gross and net rates quoted include a 1% gross p.a. (0.80% net p.a.) bonus. We calculate the bonus on a daily basis from the date of payment of the previous bonus (where you have made no withdrawals) or the date of the last withdrawal, whichever is more recent.
60 Day ISA (Annual Interest)
£21,000 +	4.55	3.95	4.55	3.95	N/A	N/A	03/11/2008
£15,000 - £20,999	4.45	3.85	4.45	3.85	N/A	N/A	03/11/2008
£9,000 - £14,999	4.35	3.75	4.35	3.75	N/A	N/A	03/11/2008
£3,000 - £8,999	4.15	3.55	4.15	3.55	N/A	N/A	03/11/2008
£500 - £2,999	3.90	3.30	3.90	3.30	N/A	N/A	03/11/2008
£1 - £499	3.45	2.85	3.45	2.85	N/A	N/A	03/11/2008
Cash ISA - TESSA Funds
£9,000+	4.45	3.85	4.45	3.85	N/A	N/A	03/11/2008
£3,000 - £8,999	4.15	3.55	4.15	3.55	N/A	N/A	03/11/2008
£500 - £2,999	3.90	3.30	3.90	3.30	N/A	N/A	03/11/2008
£1 - £499	3.45	2.85	3.45	2.85	N/A	N/A	03/11/2008
Savings Account (Annual Interest)
£1+	0.55	0.10	0.55	0.10	0.44	0.08	03/11/2008
Postal Plus Account / Phone Plus Account / Special Edition Savings Account (Annual Interest)
£50,000 +	3.95	3.35	3.95	3.35	3.16	2.68	03/11/2008
£25,000 - £49,999	3.80	3.20	3.80	3.20	3.04	2.56	03/11/2008
£10,000 - £24,999	3.55	2.95	3.55	2.95	2.84	2.36	03/11/2008
£5,000 - £9,999	3.40	2.80	3.40	2.80	2.72	2.24	03/11/2008
£1 - £4,999	3.15	2.55	3.15	2.55	2.52	2.04	03/11/2008

Gross rate

Gross rate means the interest rate you are paid before the deductions of the income tax.

Annual Equivalent Rate (AER)

This is the notional rate used for interest bearing accounts which illustrates what the gross credit interest rate (excluding any bonus payable) would be if paid and compounded on an annual basis.

Net Rate

This is the interest rate you are paid after the deduction of income tax.

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Online Banking

Instant accounts

ISAs

Notice accounts & bonds

Investing

Useful Information

Previous interest rates

Useful Information

Accounts no longer available to new investors or no longer promoted (superseded accounts).

Gross rate

Annual Equivalent Rate (AER)

Net Rate