With effect from Friday 23 April 2010, the new rates for annual interest options will include:
- 6-month Fixed Rate Bond and e-Bond paying 2.00% gross p.a., 2.01% AER* for balances of £1 or more.
- One-year Fixed Rate Bond and e-Bond paying 2.50% gross p.a./AER* for balances of £1 or more.
- 18-month Fixed Rate Bond and e-Bond paying between 2.50% and 3.00% gross p.a./AER*. The balance needs to be £25,000 or over to qualify for the top rate.
- Four-year Stepped Rate Bond paying 3.50% gross p.a./AER in the first year, 4.00% gross p.a./AER in the second year, 4.50% gross p.a./AER in the third year and 5.00% gross p.a./AER in the fourth year. The minimum opening balance for this account is £5,000.
The interest rates for the following accounts remain unchanged:
- Two-year, three-year and five-year Fixed Rate Bonds and e-Bonds.
- One-year Combination Savings Bond2.
- Full range of Fixed Rate Individual Savings Accounts (ISAs).
- Variable rate one-year Tracker Bond.
The previous 6-month, one-year and 18-month Fixed Rate Bonds and e-Bonds and four-year Stepped Rate Bond will be withdrawn at the close of business on Thursday 22 April 2010.
