Super Fixed Rate Monthly Saver (Issue 9)

Get a super fixed rate on your savings

Give your regular savings a super boost with this regular monthly savings account that will give you an added incentive to save. You'll not only get a fantastic fixed rate for 13 months on your savings when you also open a regular investment, pension or protection plan. You'll also have peace of mind that you know exactly what you're getting for your money with a rate that won't change.

• Why choose Super Fixed Rate Monthly Saver?
• Interest rates
• Further Information

Why choose Super Fixed Rate Monthly Saver?

• Rate - Enjoy a fixed rate over the next year of 6.00% gross/AER fixed for 13 monthly payments. If you pay in less than £20 per calendar month you will receive a rate of 0.10% gross/AER for that month only. If you pay in more than £250 per calendar month you will receive a rate of 0.10% gross/AER for the remainder of the term.
• Eligibility – Super Fixed Rate Monthly Saver is only available when you also open a regular investment, pension or protection plan. 
• Save –any amount between £20 and £250 each month by standing order.  This regular savings account rewards you for leaving your money untouched. You will receive a lower rate of interest in any month you pay less than £20 in any calendar month.  See terms and conditions for further details.
• To encourage a savings habit, no withdrawals are allowed from Super Fixed Rate Monthly Saver – Access is allowed on account closure only
• Interest Paid - Interest is credited after the end of the 13th monthly payment, along with the matured funds, into the Monthly Saver account.
• When your fixed rate ends – Your Super Fixed Rate Monthly Saver will automatically become a Monthly Saver account, currently paying a variable rate of 0.10% gross/AER on the 1st of the month after your 13th monthly payment has been paid
  Manage your money  – save conveniently and automatically by standing order. You can access your fixed-rate savings on account closure only. If you miss a payment you will receive a lower interest rate for that month only.

Interest rates

For any month where you pay in amounts lower than £20 you will receive a lower rate of 0.10% gross/AER for that month only. If you pay in more than £250 a month you will receive a lower rate of 0.10% gross/AER on your savings balance for that month and the remainder of the term.

This is a limited offer and subject to availability
All rates above are fixed for 13 monthly payments after account opening. For further details on interest rates please visit our rates and fees page.

How is interest paid?

AER stands for Annual Equivalent Rate and shows what the interest rate would be if we paid interest and added it to your account each year. The gross rate is the interest rate we pay before income tax is taken off.

Interest is calculated on the daily balance of the account, and is paid after the end of the 13th monthly payment. For example, if you saved £100 per month for the whole 12 month term of the account, you will get back your deposits totaling £1,200 (12 x £100), and will have received in total approximately £39.00 gross interest during the year (provided no withdrawals are made during the year).
Rates are effective from 1st March 2009.

What if I need to access my savings?

No withdrawals are allowed from Super Fixed Rate Monthly Saver. Access to your savings is allowed on account closure only

Further Information

AER stands for Annual Equivalent Rate and shows what the interest rate would be if we paid interest and added it to your account each year. The gross rate is the interest rate we pay before income tax is taken off.

Interest is calculated on the daily balance of the account, and is paid after the end of the 13th monthly payment. For example, if you saved £100 per month for the whole 12 month term of the account, you will get back your deposits totaling £1,200 (12 x £100), and will have received in total approximately £39.00gross interest during the year.

Rates may vary and are effective from 27^th July 2009.