All interest rates are variable unless described as fixed. |
Current Rates from 01/04/2009 unless stated |
Previous Rates from 1/2/2009 to 31/3/2009 unless stated |
|
Product
|
Account
Levels £ |
Interest
Frequency |
AER
% * |
Gross Rate
% p.a. + |
Net Rate
% p.a. # |
AER
% * |
Gross Rate
% p.a. + |
Net Rate
% p.a. # |
1 Year Variable Rate Bond (2nd issue) Limited Edition
Introduced 01/07/10 |
£500+ |
On maturity |
2.50 |
2.50 |
2.00 |
N/A |
N/A |
N/A
|
|
|
|
|
|
|
|
|
|
1 Year Fixed Rate Bond (14th issue) Limited Edition
Introduced 12/06/10 |
£500+ |
On maturity |
2.50 |
2.50 |
2.00 |
N/A |
N/A |
N/A
|
1 Year Fixed Rate cash ISA Bond (2nd issue)
Introduced 14/04/10 |
£500+ |
On maturity |
2.75 |
2.75 |
Tax Free^ |
N/A |
N/A |
Tax Free^
|
|
|
|
|
|
|
|
|
|
cash ISA
|
£3,000+ |
5 April |
2.00 |
2.00 |
Tax Free^ |
2.60 |
2.60 |
Tax Free^
|
cash ISA
|
£1+ |
5 April |
1.00 |
1.00 |
Tax Free^ |
1.40 |
1.40 |
Tax Free^
|
cash ISA Monthly Income
|
£3,000+ |
Monthly |
2.00 |
1.98 |
Tax Free^ |
2.60 |
2.57 |
Tax Free^
|
|
|
|
|
|
|
|
|
|
High Yield Option 90 & Option 90 Deposit
|
£100,000+ |
31 December |
0.60 |
0.60 |
0.48 |
0.90 |
0.90 |
0.72
|
High Yield Option 90 & Option 90 Deposit
|
£50,000+ |
31 December |
0.50 |
0.50 |
0.40 |
0.64 |
0.64 |
0.51
|
High Yield Option 90 & Option 90 Deposit
|
£25,000+ |
31 December |
0.40 |
0.40 |
0.32 |
0.52 |
0.52 |
0.42
|
High Yield Option 90 & Option 90 Deposit
|
£10,000+ |
31 December |
0.35 |
0.35 |
0.28 |
0.45 |
0.45 |
0.36
|
High Yield Option 90 & Option 90 Deposit
|
£5,000+ |
31 December |
0.30 |
0.30 |
0.24 |
0.30 |
0.30 |
0.24
|
High Yield Option 90 & Option 90 Deposit
|
£1+ |
31 December |
0.20 |
0.20 |
0.16 |
0.25 |
0.25 |
0.20
|
|
|
|
|
|
|
|
|
|
Regular Savings
|
£25+ |
31 December |
3.10 |
3.10 |
2.48 |
3.25 |
3.25 |
2.60
|
|
|
|
|
|
|
|
|
|
Young Saver Bonus 5
The interest rates quoted do not include the bonuses payable. |
£1+ |
30 June/31 December |
0.60 |
0.60 |
0.48 |
1.52 |
1.51 |
1.21
|
|
|
|
|
|
|
|
|
|
Postal Premium (2nd issue) Limited Edition
The AER/gross rates include an introductory premium of 1.00% payable for the first 12 months. |
£1000+ |
30 June |
2.50 |
2.50 |
2.00 |
N/A |
N/A |
N/A
|
Prime Access & Prime Access Deposit
|
£25,000+ |
31 December |
0.35 |
0.35 |
0.28 |
0.40 |
0.40 |
0.32
|
Prime Access & Prime Access Deposit
|
£10,000+ |
31 December |
0.30 |
0.30 |
0.24 |
0.35 |
0.35 |
0.28
|
Prime Access & Prime Access Deposit
|
£5,000+ |
31 December |
0.20 |
0.20 |
0.16 |
0.25 |
0.25 |
0.20
|
Prime Access & Prime Access Deposit
|
£500+ |
31 December |
0.20 |
0.20 |
0.16 |
0.25 |
0.25 |
0.20
|
Prime Access & Prime Access Deposit
|
£250+ |
31 December |
0.20 |
0.20 |
0.16 |
0.25 |
0.25 |
0.20
|
Prime Access & Prime Access Deposit
|
£1+ (nominal rate) |
31 December |
0.10 |
0.10 |
0.08 |
0.25 |
0.25 |
0.20
|
Expired & Closed Variable Rate Accounts – (Not open to new investors)
The interest rates on fixed rate accounts remain unchanged. Please contact us for details. The Monthly Income account is an amalgamated account formerly available as Monthly Income Issue 1, Monthly Income Issue 2, Monthly Income Option 90, Harvest Millennium Monthly and Over 50's Bond Monthly. |
Current Rates from 01/04/2009 unless stated |
Previous Rates from 1/2/2009 to 31/3/2009 unless stated |
|
Product
|
Account
Levels £ |
Interest
Frequency |
AER
% * |
Gross Rate
% p.a. + |
Net Rate
% p.a. # |
AER
% * |
Gross Rate
% p.a. + |
Net Rate
% p.a. # |
cash ISA (Reclassified Tessa Only ISA)
|
£3,000+ |
5 April |
2.00 |
2.00 |
Tax Free^ |
2.60 |
2.60 |
Tax Free^
|
|
|
|
|
|
|
|
|
|
Harvester (formerly Harvest Millennium) (36 Month Term)
|
£100,000+ |
30 June and on maturity |
0.85 |
0.85 |
0.68 |
1.35 |
1.35 |
1.08
|
Harvester (formerly Harvest Millennium) (36 Month Term)
|
£50,000+ |
30 June and on maturity |
0.40 |
0.40 |
0.32 |
0.85 |
0.85 |
0.68
|
Harvester (formerly Harvest Millennium) (36 Month Term)
|
£25,000+ |
30 June and on maturity |
0.35 |
0.35 |
0.28 |
0.70 |
0.70 |
0.56
|
Harvester (formerly Harvest Millennium) (36 Month Term)
|
£10,000+ |
30 June and on maturity |
0.25 |
0.25 |
0.20 |
0.48 |
0.48 |
0.38
|
Harvester (formerly Harvest Millennium) (36 Month Term)
|
£1+ |
30 June and on maturity |
0.20 |
0.20 |
0.16 |
0.25 |
0.25 |
0.20
|
|
|
|
|
|
|
|
|
|
First Class Tracker (1st, 2nd, 3rd, 4th & 5th issues). Current rate wef 06/03/09.
Rates shown exclude introductory premium. |
£1,000+ |
30 June |
0.35 |
0.35 |
0.28 |
0.85 |
0.85 |
0.68
|
First Class Tracker (6th issue). Current rate wef 06/03/09.
Rates shown exclude introductory premium. |
£1,000+ |
30 June |
0.50 |
0.50 |
0.40 |
1.00 |
1.00 |
0.80
|
First Class Tracker (7th issue). Current rate wef 06/03/09.
Rates shown exclude introductory premium. |
£1,000+ |
30 June |
0.50 |
0.50 |
0.40 |
1.00 |
1.00 |
0.80
|
|
|
|
|
|
|
|
|
|
Postal Tracker Three (1st issue). Current rate wef 06/03/09.
|
£1,000+ |
30 June |
0.75 |
0.75 |
0.60 |
1.25 |
1.25 |
1.00
|
Postal Tracker Three (2nd issue).
Current rate wef 06/03/09. |
£1,000+ |
30 June |
0.60 |
0.60 |
0.48 |
1.10 |
1.10 |
0.88
|
|
|
|
|
|
|
|
|
|
Postal Tracker Plus (1st issue).
Current rate wef 06/03/09. Rates shown exclude introductory premium. |
£1,000+ |
30 June |
0.50 |
0.50 |
0.40 |
1.00 |
1.00 |
0.80
|
|
|
|
|
|
|
|
|
|
Postal Reward (1st issue).
Rates shown exclude introductory premium. |
£1,000+ |
30 June |
1.55 |
1.55 |
1.24 |
2.25 |
2.25 |
1.80
|
Postal Reward (2nd issue).
Rates shown exclude introductory premium. |
£1000+ |
30 June |
1.55 |
1.55 |
1.24 |
N/A |
N/A |
N/A
|
|
|
|
|
|
|
|
|
|
Postal Premium (1st issue)
The AER/gross rates include an introductory premium of 1.00% payable for the first 12 months. |
£1000+ |
30 June |
2.75 |
2.75 |
2.20 |
N/A |
N/A |
N/A
|
Over 50's Bond
|
£100,000+ |
30 June |
0.75 |
0.75 |
0.60 |
1.50 |
1.50 |
1.20
|
Over 50's Bond
|
£ 50,000+ |
30 June |
0.55 |
0.55 |
0.44 |
0.95 |
0.95 |
0.76
|
Over 50's Bond
|
£ 25,000+ |
30 June |
0.45 |
0.45 |
0.36 |
0.62 |
0.62 |
0.50
|
Over 50's Bond
|
£ 10,000+ |
30 June |
0.25 |
0.25 |
0.20 |
0.25 |
0.25 |
0.20
|
Over 50's Bond
|
£ 1+ |
30 June |
0.25 |
0.25 |
0.20 |
0.25 |
0.25 |
0.20
|
|
|
|
|
|
|
|
|
|
High Yield 30
|
£1+ |
30 June/31 December |
0.20 |
0.20 |
0.16 |
0.25 |
0.25 |
0.20
|
High Yield 60
|
£1+ |
30 June/31 December |
0.25 |
0.25 |
0.20 |
0.30 |
0.30 |
0.24
|
High Yield 90
|
£100,000+ |
30 June/31 December |
0.60 |
0.60 |
0.48 |
0.90 |
0.90 |
0.72
|
High Yield 90
|
£50,000+ |
30 June/31 December |
0.50 |
0.50 |
0.40 |
0.64 |
0.64 |
0.51
|
High Yield 90
|
£25,000+ |
30 June/31 December |
0.40 |
0.40 |
0.32 |
0.52 |
0.52 |
0.42
|
High Yield 90
|
£10,000+ |
30 June/31 December |
0.35 |
0.35 |
0.28 |
0.45 |
0.45 |
0.36
|
High Yield 90
|
£1+ |
30 June/31 December |
0.30 |
0.30 |
0.24 |
0.30 |
0.30 |
0.24
|
|
|
|
|
|
|
|
|
|
High Yield Option 120
|
£100,000+ |
30 June |
1.00 |
1.00 |
0.80 |
1.25 |
1.25 |
1.00
|
High Yield Option 120
|
£50,000+ |
30 June |
0.70 |
0.70 |
0.56 |
0.99 |
0.99 |
0.79
|
High Yield Option 120
|
£25,000+ |
30 June |
0.60 |
0.60 |
0.48 |
0.87 |
0.87 |
0.70
|
High Yield Option 120
|
£10,000+ |
30 June |
0.40 |
0.40 |
0.32 |
0.55 |
0.55 |
0.44
|
High Yield Option 120
|
£1+ |
30 June |
0.30 |
0.30 |
0.24 |
0.32 |
0.32 |
0.26
|
|
|
|
|
|
|
|
|
|
Monthly Income
|
£100,000+ |
Monthly |
0.70 |
0.70 |
0.56 |
1.00 |
1.00 |
0.80
|
Monthly Income
|
£ 50,000+ |
Monthly |
0.40 |
0.40 |
0.32 |
0.70 |
0.70 |
0.56
|
Monthly Income
|
£ 25,000+ |
Monthly |
0.35 |
0.35 |
0.28 |
0.42 |
0.42 |
0.34
|
Monthly Income
|
£ 10,000+ |
Monthly |
0.30 |
0.30 |
0.24 |
0.38 |
0.38 |
0.30
|
Monthly Income
|
£ 5,000+ |
Monthly |
0.25 |
0.25 |
0.20 |
0.32 |
0.32 |
0.26
|
|
|
|
|
|
|
|
|
|
Paid Up Share
|
£25,000+ |
30 June/31 December |
0.35 |
0.35 |
0.28 |
0.40 |
0.40 |
0.32
|
Paid Up Share
|
£10,000+ |
30 June/31 December |
0.30 |
0.30 |
0.24 |
0.35 |
0.35 |
0.28
|
Paid Up Share
|
£5,000+ |
30 June/31 December |
0.20 |
0.20 |
0.16 |
0.25 |
0.25 |
0.20
|
Paid Up Share
|
£500+ |
30 June/31 December |
0.20 |
0.20 |
0.16 |
0.25 |
0.25 |
0.20
|
Paid Up Share
|
£250+ |
30 June/31 December |
0.20 |
0.20 |
0.16 |
0.25 |
0.25 |
0.20
|
Paid Up Share
|
£1+ (nominal rate) |
30 June/31 December |
0.10 |
0.10 |
0.08 |
0.25 |
0.25 |
0.20
|
|
|
|
|
|
|
|
|
|
Deposit Account
|
£25,000+ |
30 June/31 December |
0.35 |
0.35 |
0.28 |
0.40 |
0.40 |
0.32
|
Deposit Account
|
£10,000+ |
30 June/31 December |
0.30 |
0.30 |
0.24 |
0.35 |
0.35 |
0.28
|
Deposit Account
|
£5,000+ |
30 June/31 December |
0.20 |
0.20 |
0.16 |
0.25 |
0.25 |
0.20
|
Deposit Account
|
£500+ |
30 June/31 December |
0.20 |
0.20 |
0.16 |
0.25 |
0.25 |
0.20
|
Deposit Account
|
£250+ |
30 June/31 December |
0.20 |
0.20 |
0.16 |
0.25 |
0.25 |
0.20
|
Deposit Account
|
£1+ (nominal rate) |
30 June/31 December |
0.10 |
0.10 |
0.08 |
0.25 |
0.25 |
0.20
|
* AER (Annual Equivalent Rate) illustrates what the interest rate would be if interest was paid and compounded once each year. AER’s on the Monthly Income account assume interest is added to the account each month although in practice the option to have interest added in this way is not available.
+ The gross rate is the contractual rate of interest payable before the deduction of income tax.
# After deduction of income tax at 20%.
^Tax free means exempt from UK income and capital gains tax in the hands of the investor.
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|