|
Gross Annual Interest |
Gross Monthly Interest |
AER* |
Two or less withdrawals per year |
1.25% |
1.24% |
1.25% |
Three or more withdrawals per year |
0.10% |
0.10% |
0.10% |
Your interest rate depends on how many times you take money out in any anniversary year. An anniversary year is the 12 month period commencing on the opening date of your account and then renewing on each annual anniversary. The lower interest rate will apply from the day of your third withdrawal to the day before the anniversary of your account opening. From your anniversary date, your interest rate and withdrawals reset.
Interest is calculated daily, and paid monthly or annually.
You can choose to have your interest paid to your Double Access Account, any other Personal Savings account you hold with us that allows deposits, or your nominated UK bank or building society account. A payment of interest away from your Double Access Account won’t be classed as a withdrawal.