The tax free savings option
E-Cash ISA Interest Rates
The E-Cash ISA offers a winning combination of quick access, tax free savings and competitively high interest rates.
Full details of our interest rates can also be obtained 24 hours a day, on our Interest Information Line — 0870 845 0829.
| Summary Box Key Product Information for our Savings Account(s) |
|
|---|---|
| Account Name | E-Cash ISA |
| Interest Rates (AERs) |
Please see below for full information. |
| Tax Status | Tax free savings. Interest is payable gross as long as HM Revenue and Customs requirements are met. |
| Conditions for Bonus Payment | The bonus rate is 1.50% paid for the first 12 months. |
| Withdrawal Arrangements | No notice period or penalties for withdrawals. |
| Access | Internet |
| Balance Tier | AER/tax free including bonus* | AER/tax free (after bonus period) |
|---|---|---|
| £10 and over | 3.60% | 2.10% |
*The above rate includes a bonus of 1.50% for the first 12 months.
Definitions
On the interest rate table you may see some terms you are unfamiliar with. These are:
Tax Free — This is the contractual rate of interest payable where interest is exempt from income tax.
AER — Stands for the Annual Equivalent Rate and illustrates what the interest rate would be if interest was paid and compounded once each year. (As every advertisement for a savings product which quotes an interest rate will contain an AER, you will be able to compare more easily what return you can expect from your savings over time).
The AER advertised is based on interest paid gross and capitalised to the account once a year – please note that the actual interest rate on your account will be lower if you have interest applied more frequently.
