For both savings and current accounts:
AER stands for Annual Equivalent Rate and shows what the interest rate would be if we paid interest and added it to your account each year.
The gross rate is the interest rate we pay where no income tax has been deducted.
For savings only:
The tax-free rate is the rate of interest payable where interest is exempt from income tax. The favourable tax treatment of ISAs may change in the future.
For current accounts only:
EAR stands for Effective Annual Rate and represents the yearly cost of an overdraft, which takes account of how often we charge interest to the account, and does not include any other fees or charges. Overdrafts depend on your circumstances and you must repay any overdraft when we ask in line with our General Terms and Conditions.
Rates may change and we pay interest each month.
Information correct as at 2 August 2017.