Fraud Blocker


Understanding the terminology

Annual Equivalent Rate.

Compound interest
Interest paid on the initial principal as well as the accumulated interest invested.

A Fixed rate of interest that remains the same throughout the agreed term.

Total revenue received before any deductions.

Interest paid is free from Income Tax.

Maturity Date
The day on which your account ends and on which we will repay your deposit and the interest you have earned. Where the maturity date is a non-working day interest will be paid on the next working day.​

Nominated Account
A personal current account held by you, in your name, at another UK bank. You can make your deposit by applying online or alternatively by cheque from this account and we will only return funds on maturity. Maturities will be processed electronically to this account.

A variable rate of interest that fluctuates over a period of time.