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Useful information
Instant Savings Tracker
A base rate guarantee that makes your money grow
Relax - safe in the knowledge that the money in your Instant Savings Tracker account is tracking the Bank of England base rate.
It will track by a set percentage until 3rd August 2009 - and tiered interest rates mean the more you save, the more you will earn.
- Guaranteed return - your savings will always grow in line with any change in the Bank of England Base Rate.
- Tiered interest rates - the more you save, the more interest you can earn. See the interest rates.
- Save regularly - a monthly Standing Order helps to build your savings.
- Manage your account - bank online, by telephone and in-branch. Plus withdraw money at any cash machine where you see the symbol on your card.
| Amount | Gross Rate % p.a. | AER % |
|---|---|---|
| £50,000 + | 0.50 | 0.50 |
| £25,000 - £49,999 | 0.50 | 0.50 |
| £10,000 - £24,999 | 0.25 | 0.25 |
| £5,000 - £9,999 | 0.25 | 0.25 |
| £500 - £4,999 | 0.10 | 0.10 |
| £1 - £499 | 0.10 | 0.10 |
| Interest paid annually Tracking rates apply to all accounts with balances of £500 or more until the level of Bank of England Base Rates is such that no credit interest would be payable. In these circumstances the rates are as outlined (Gross rate p.a./AER%) will be applied. Last updated on: 24 July 2009 | ||
Gross rate - 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.
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