Rates correct as at 1 September 2011
| Northern Prestige Savings |
0.45 |
| Northern Choice Plus Savings |
0.20 |
| Savings Account Plus |
0.10 |
| Junior Savings |
1.00 |
| Northern Discovery Savings |
1.00 |
| Junior Cash ISA |
4.00 |
| Summit |
|
| Under £500 |
0.10 |
| £500 - £9,999 |
0.10 |
| £25,000 - £99,999 |
0.10 |
| £100,000 - £249,99 |
0.10 |
| £250,000 plus |
0.10 |
| Midas Gold - Yearly interest |
|
| Under £5,000 |
0.10 |
| £5,000 - £9,999 |
0.10 |
| £10,000 - £24,999 |
0.10 |
| £25,000 - £99,999 |
0.10 |
| £100,000 - £249,999 |
0.10 |
| £250,000 plus |
0.10 |
| Midas Gold - Monthly Interest |
|
|
| Under £5,000 |
0.10 |
0.10 |
| £5,000 - £9,999 |
0.10 |
0.10 |
| £10,000 - £24,999 |
0.10 |
0.10 |
| £25,000 - £99,999 |
0.10 |
0.10 |
| £100,000 - £249,999 |
0.10 |
0.10 |
| £250,000 plus |
0.10 |
0.10 |
| Northern eSaver |
1.50 |
1.38 |
| *Funds invested in the ISA during tax year 6 April 2011 to 5 April 2012 |
|
| Up to £5,340 |
2.25 |
| Rate of interest applicable to funds invested in the ISA during previous tax years (see Note 1) |
|
| Under £20,000 |
0.50 |
| £20,000 to £29,999 |
0.75 |
| £30,000 and over |
1.25 |
Terms and Conditions apply. Please see individual product pages for details.
We set the credit interest rate which is variable. We will give you two months' written notice of any reductions to the credit interest rate. If we increase the credit interest rate on your account we will make the change immediately.
* Funds invested in the ISA during tax year 6 April 2011 to 5 April 2012 includes current year’s subscriptions made with another institution and transferred to Northern Bank. After 5 April 2012, funds invested between 6 April 2011 and 5 April 2012 will be treated as having been invested during previous tax years, and will receive interest accordingly.
Note 1: The interest rate applicable is based on the total balance in the account including current year's subscriptions. For example, customer has a total balance of £18,000 from investments made in the previous tax years. A new investment of £5,000 added to the account will earn interest at 2.25% gross and the remaining balance of £18,000 will earn 0.75% gross as the total balance in the account is £23,000.
The gross interest rate is the rate of interest we pay before taking off income tax at the rate set by law (currently 20%, except for Cash ISAs which are tax free).
AER stands for ‘annual equivalent rate’ and shows what the yearly rate of interest would be after taking into consideration how often interest is added to the account.
^ Northern eSaver AER - AER stands for 'annual equivalent rate' and shows what the yearly rate of interest would be after taking into consideration how often interest is added to the account, and assuming one withdrawal is made.