Private Internet Term Deposit - Monthly Capitalised Interest Rates
How it works
The table below provides details of the special terms and rates available today on our Private Internet Term Deposits. These terms and rates are reviewed regularly and can be changed at any time. The term and rate you choose will only remain available to you as long as the completed Application Form and Cleared funds are available within 5 Business Days of the offer last being posted on the web page.
Term Deposit £10,000 - £5,000,000
| Term | Gross* % pa |
AER+ % pa | Net** % pa |
|---|---|---|---|
| 12 months | 5.03 | 5.15 | 4.02 |
Rates of interest are subject to change but are correct as at 17th November 2008.
To deposit funds in the above offers simple decide how much you wish to invest and then click on Apply. See Frequently Asked Questions regarding Commencement and Maturity Dates and withdrawals.
Interest rates are fixed from the Commencement Date of the Deposit. Interest is paid at the end of each calendar month and at maturity.
Note: If a withdrawal is made prior to the Maturity Date the stated AER will not be achieved as an early repayment charge will apply.
Definitions
*Gross Rate. Gross interest is interest payable without taking account of the deduction of income tax. For most customers tax will be deducted at the lower rate prevailing at the time of payment (presently 20%).
+AER: The Annual Equivalent Rate illustrates what the interest rate would be if interest was paid and compounded once each year.
**Net Rate: The Net rate is the Gross rate less tax at the lower rate of 20%. Tax at this rate will be deducted from accounts subject to tax at the time interest is paid. Non-taxpayers may register for payment of interest gross. Tax paid may be reclaimed, where appropriate, from the Inland Revenue.