Cashcard account allowing standing orders and direct debits

...and the same range of services as our cashcard account, this account offers basic bank account facilities

minimum balance
gross interest (1) / AER (2)
net interest (3)
£50,000
3.50%
2.80%
£25,000
3.15%
2.52%
£10,000
2.75%
2.20%
£5,000
2.50%
2.00%
£2,000
1.45%
1.16%
£500
1.40%
1.12%
£1
1.10%
0.88%
(1) gross rate is the contractual rate of interest payable before the deduction of income tax at the rate specified by law
(2) annual equivalent rate (AER) illustrates what the interest rate would be if interest was paid and added each year
(3) net interest is the rate of interest which would be payable after allowing for the deduction of income tax at 20%, i.e. the rate specified by law. (net interest rates have been rounded and are for illustrative purposes only)

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