Gross Interest is credited to your account biannually at the end of April and October. Money that we hold on deposit will earn interest at a tiered rate as shown below, accrued on a daily basis. The following table highlights the interest relative to the deposit account balance.
| Base rate 0.5% | Rate Paid |
|---|---|
| Up to £25,000 | 0.05% |
| £25,001 - £500,000 | 0.1% |
| Over £500,000 | 0.25% |
Please note that these rates are subject to change. Updated: 06/03/2009