P535 Teletext 535 Mar31 23:44:05
* Compounded Annual Rate (CAR) is the
annual return on savings if monthly
interest payments are retained in your
account. Interest rates are variable.
Interest is payable monthly net of
basic rate of income tax, currently 25%
(which may be reclaimed by non-
taxpayers) or, subject to the required
registration, gross. Min investment
£2,000 (£10,000 for monthly income).
Annual bonus: The interest rates quoted
are inclusive of special interest bonus
of 10% calculated on the interest
earned 1 Apr-31 Mar, each year provided
no capital withdrawals are made. If
interest is retained in your account
you can make 2 withdrawals of interest
in the year & still receive annual
bonus. Monthly income: this may be the
interest earned that month or a fixed
amount, subj. to a min of £50 per month
Interest calculated daily commencing 3
working days from day of receipt.
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