Due to changes to the Personal Savings Allowance, from 6 April 2016, we will no longer deduct income tax from savings interest. The tax information provided is based on our understanding of current law and HM Revenue & Customs practise, both of which may change.
AER - Annual Equivalent Rate and illustrates what the interest rate would be if interest was paid and compounded once each year.
Gross p.a. - the interest rate without tax deducted.
Net p.a. - the interest rate after deduction of tax.
§ - Tax-free is the contractual rate of interest payable where interest is exempt from income tax.