Have a look at the rates you could be earning when you open a Direct Access Savings Account.
Direct Access Savings Account for personal savers
| Balance |
Interest paid yearly |
Interest paid monthly |
Gross/
AER % |
Net % |
Gross % |
Net% |
AER % |
| £1 - £999 |
3.68 |
2.94 |
3.61 |
2.89 |
3.68 |
| £1,000 - £2,499 |
3.78 |
3.02 |
3.71 |
2.97 |
3.78 |
| £2,500 - £4,999 |
3.98 |
3.18 |
3.90 |
3.12 |
3.98 |
| £5,000 - £9,999 |
4.08 |
3.26 |
4.00 |
3.20 |
4.08 |
| £10,000 - £24,999 |
4.31 |
3.44 |
4.22 |
3.38 |
4.31 |
| £25,000 - £49,999 |
4.36 |
3.48 |
4.27 |
3.42 |
4.36 |
| £50,000+ |
4.41 |
3.52 |
4.32 |
3.45 |
4.41 |
- Interest rates effective from 17 April 2008, subject to variation.
- Gross means the rate of interest paid without the deduction of tax, if applicable.
- AER means the Annual Equivalent Rate and illustrates what the interest rate would be if
interest was paid and compounded each year.
- Net means the Gross interest rate minus tax, at the current rate.