|
Personal Savings and Deposit Rates
Interest Rates Correct as at 14th April 2008.
All rates are shown in percentages (%) |
Previous
Gross †
Rate %
|
Previous
AER* % |
Current
Gross †
Rate % |
Current
AER* %
|
Current
Net** Rate % |
Summit
Interest is applied annually in October. |
|
|
|
|
|
£250,000 + |
3.50 |
3.50 |
3.25 |
3.25 |
2.60 |
£100,000 - £249,999 |
3.35 |
3.35 |
3.10 |
3.10 |
2.48 |
£25,000 - £99,999 |
3.00 |
3.00 |
2.75 |
2.75 |
2.20 |
£2,000 - £24,999 |
1.90 |
1.90 |
1.65 |
1.65 |
1.32 |
£500 - £1,999 |
1.90 |
1.90 |
1.65 |
1.65 |
1.32 |
Under £500 |
1.75 |
1.75 |
1.50 |
1.50 |
1.20 |
Savings Account Plus
Interest is applied annually in October.
Only available to Northern Current Account customers. |
|
|
|
|
|
All Credit Balances |
4.70 |
4.70 |
4.45 |
4.45 |
3.56 |
Northern Choice Plus Savings Account
Interest is applied annually in October.
Only available to Northern Choice Plus customers registered for eBanking and Telephone banking services. |
|
|
|
|
|
All Credit Balances |
 4.95 |
4.95 |
4.70 |
4.70 |
3.76 |
Northern Prestige Savings Account
Interest is applied annually in October.
Only available to Northern Prestige customers registered for eBanking and Telephone banking services. |
|
|
|
|
|
All Credit Balances |
5.20 |
5.20 |
4.95 |
4.95 |
3.96 |
Midas Gold Yearly Interest
Interest is applied annually in October. |
|
|
|
|
|
£250,000 + |
4.30 |
4.30 |
4.05 |
4.05 |
3.24 |
£100,000 - £249,999 |
4.15 |
4.15 |
3.90 |
3.90 |
3.12 |
£25,000 - £99,999 |
3.40 |
3.40 |
3.15 |
3.15 |
2.52 |
£10,000 - £24,999 |
3.30 |
3.30 |
3.05 |
3.05 |
2.44 |
£5,000 - £9,999 |
3.10 |
3.10 |
2.85 |
2.85 |
2.28 |
£2,000 - £4,999 |
2.40 |
2.40 |
2.15 |
2.15 |
1.72 |
Under £2,000 |
2.40 |
2.40 |
2.15 |
2.15 |
1.72 |
Midas Gold Monthly Interest
Interest is applied monthly. |
|
|
|
|
|
£250,000 + |
4.30 |
4.39 |
4.05 |
4.13 |
3.24 |
£100,000 - £249,999 |
4.15 |
4.23 |
3.90 |
3.97 |
3.12 |
£25,000 - £99,999 |
3.40 |
3.45 |
3.15 |
3.20 |
2.52 |
£10,000 - £24,999 |
3.30 |
3.35 |
3.05 |
3.09 |
2.44 |
£5,000 - £9,999 |
3.10 |
3.14 |
2.85 |
2.89 |
2.28 |
£2,000 - £4,999 |
2.40 |
2.43 |
2.15 |
2.17 |
1.72 |
Under £2,000 |
2.40 |
2.43 |
2.15 |
2.17 |
1.72 |
Junior Savings Account
Interest is applied annually in October. |
|
|
|
|
|
All Balances |
5.00 |
5.00 |
4.75 |
4.75 |
3.80 |
|
|
Previous
Tax Exempt
Rate p.a % |
Previous
Tax Exempt Compound Rate %* |
Current Tax Exempt Rate
p.a % |
Current Tax Exempt Compound Rate %* |
Cash ISA
Interest is applied annually in December. |
|
|
|
|
|
All Credit Balances |
|
5.25 |
5.25 |
5.00 |
5.00 |
Non-residents
If you present the bank with a valid Not Ordinarily Resident (NOR) declaration, there may be an additional interest rate / ledger balance tier on your account as follows:
All rates are shown in percentages (%) |
Current Gross † Rate % |
Current AER* % |
£0 - £10,000 |
0.00 |
0.00 |
Personal Fixed Term Deposit Accounts
We offer a range of competitive Fixed Term Deposit Accounts with a range terms, from one week to five years. The rates on Fixed Term Deposits change from time to time. Please ask at any Northern Bank branch for details.
Off Sale Personal Savings and Deposit Accounts - no longer available to new applicants
|
Previous
Gross †
Rate % |
Previous AER* % |
Current Gross † Rate % |
Current AER* % |
Current Net** Rate % |
Summit Extra
Interest is applied annually in October. |
|
|
|
|
|
£250,000 + |
4.40 |
4.40 |
4.15 |
4.15 |
3.32 |
£100,000 - £249,999 |
4.05 |
4.05 |
3.80 |
3.80 |
3.04 |
£50,000 - £99,999 |
3.70 |
3.70 |
3.45 |
3.45 |
2.76 |
£25,000 - £49,999 |
3.70 |
3.70 |
3.45 |
3.45 |
2.76 |
£10,000 - £24,999 |
3.30 |
3.30 |
3.05 |
3.05 |
2.44 |
£2,000 - £9,999 |
3.05 |
3.05 |
2.80 |
2.80 |
2.24 |
Under £1,999 |
1.75 |
1.75 |
1.50 |
1.50 |
1.20 |
Saverplus Account
Interest is applied annually in October. |
|
|
|
|
|
£50,000 + |
1.85 |
1.85 |
1.60 |
1.60 |
1.28 |
£25,000 - £49,999 |
1.85 |
1.85 |
1.60 |
1.60 |
1.28 |
£10,000 - £24,999 |
1.00 |
1.00 |
0.75 |
0.75 |
0.60 |
£2,000 - £9,999 |
1.00 |
1.00 |
0.75 |
0.75 |
0.60 |
£1,000 - £1,999 |
1.00 |
1.00 |
0.75 |
0.75 |
0.60 |
£100 - £999 |
1.00 |
1.00 |
0.75 |
0.75 |
0.60 |
Under £100 |
1.00 |
1.00 |
0.75 |
0.75 |
0.60 |
|
|
|
|
|
|
|
|
|
|
Current Gross † Rate % |
Current AER* % |
Savings Account
Interest is applied annually in October.
Rates on this account are fixed. |
|
|
|
|
|
£25,000 + |
|
|
|
0.25 |
0.25 |
£10,000 - £24,999 |
|
|
|
0.10 |
0.10 |
£1,000 - £9,999 |
|
|
|
0.10 |
0.10 |
Under £1,000 |
|
|
|
0.10 |
0.10 |
PAWS Club
Interest is applied annually in October.
Rates on this account are fixed. |
|
|
|
|
|
£1,000 + |
|
|
|
0.10 |
0.10 |
£500 - £999 |
|
|
|
0.10 |
0.10 |
Under £500 |
|
|
|
0.10 |
0.10 |
Definitions
† Gross rate - Gross interest is the rate of interest payable before the deduction of income tax at the rate specified by law (currently 20%)
* AER stands for Annual Equivalent Rate and illustrates what the rate would be if interest was paid and compounded once a year.
** Net rate is the gross rate less lower rate tax at the prevailing rate currently 20%.
Important information
Northern Bank Limited is a member of the Financial Services Compensation Scheme, which provides important protections for your savings. |