AER stands for Annual Equivalent Rate and shows what the interest rate would be if interest was paid and added each year. All ISA interest is paid tax-free, which means it’s exempt from income tax. We pay all non ISA savings interest gross, which means no tax is deducted. It’s your responsibility to pay any tax due, based on your individual circumstances. Tax rules may change in future. Please be aware that products can be withdrawn at any time and without notice.
What happens on maturity?
If your Fixed Rate Bond doesn't allow withdrawals, when your fixed term ends, your account will transfer into a similar product with a 1 year fixed term, unless you tell us otherwise.
From time to time we may offer Limited Access Bonds which allow some withdrawals during the fixed term. These will transfer into an easy access account at the end of the fixed term.