With effect from 8 December 2020, the interest rate on this account will be 0.15% gross/AER variable.
Gross means the rate payable without any tax taken off. Credit interest on all our accounts is paid gross. You may need to pay tax to HMRC if the total interest you earn is greater than your Personal Savings Allowance. Visit gov.uk/hmrc/savingsallowance for more.
AER stands for Annual Equivalent Rate and shows what the interest rate would be if interest was paid and compounded once each year.