Long term savings
Postal 90
The Postal 90 account is ideal for savers who want medium-term access to their money.
All you need to know about the Postal 90 account
Current rates
| Account balance | Gross* | Net** | AER*** | |
|---|---|---|---|---|
| Current rates effective from 24/04/08. 90-day notice on withdrawals. Minimum investment £10,000, maximum £1 million . Interest paid annually on 1st January. | ||||
| Annual | 5.50% | 4.40% | 5.50% | Apply |
| Monthly | 5.37% | 4.29% | 5.50% | Apply |
Previous rates
| Account balance | Gross* | Net** | AER*** |
|---|---|---|---|
| Previous rates effective from 21/02/08. | |||
| Annual | 5.45% | 4.36% | 5.45% |
| Monthly | 5.32% | 4.25% | 5.45% |
30-Day Notice Account
Does exactly what it says on the tin! If you are prepared to give us 30 days' notice when you want to make a withdrawal, then your savings could be earning an excellent interest rate which includes a 1% bonus for the first year.
All you need to know about 30-Day Notice Account
Current rates
| Account balance | Gross* | Net** | AER*** | |
|---|---|---|---|---|
| Current rates effective from 24/04/08. Introductory 1% bonus for first 12 months of each account opening. Bonus paid out on anniversary of account opening, calculated on the average daily balance. The bonus can only be paid out once to each account holder. |
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| Annual - Excluding conditional 1% bonus | 3.60% | 2.88% | 3.60% | Apply |
| Annual - Including conditional 1% bonus | 4.60% | 3.68% | 4.60% | Apply |
| Monthly - Excluding conditional 1% bonus | 3.55% | 2.84% | 3.60% | Apply |
| Monthly - Including conditional 1% bonus | 4.55% | 3.64% | 4.60% | Apply |
Previous rates
| Account balance | Gross* | Net** | AER*** |
|---|---|---|---|
| Previous rates effective from 21/02/08. | |||
| Variable interest rate - Annual | 3.85% | 3.08% | 3.85% |
| Including bonus rate - Annual | 4.85% | 3.88% | 4.85% |
| Variable interest rate - Monthly | 3.79% | 3.03% | 3.85% |
| Including bonus rate - Monthly | 4.79% | 3.83% | 4.85% |
Fixed Rate Bonds
One of the many good things about our Fixed Rate Bonds - there are five of them - is that you’ll always know exactly what your money’s earning. This is because you’re guaranteed a fixed rate of interest for the term of your investment.
All you need to know about Fixed Rate Bonds
Current rates
| Account balance | Gross* | Net** | AER*** | |
|---|---|---|---|---|
| Current rates effective from 01/05/08. Minimum investment £1,000. While the balance is below the minimum investment, the interest rate payable will be the same as that payable for our Investment Share account (excluding bonus interest rates) as varied from time to time (please call 0845 300 2511 for details). We also reserve the right to close the account if the minimum investment is not maintained |
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| Six month bond | 5.91% | 4.73% | 6.00% | Apply |
| Monthly income option | 5.84% | 4.67% | 6.00% | Apply |
| One year bond | 6.10% | 4.88% | 6.10% | Apply |
| Monthly income option | 5.94% | 4.75% | 6.10% | Apply |
| Two year bond | 5.50% | 4.40% | 5.50% | Apply |
| Monthly income option | 5.37% | 4.29% | 5.50% | Apply |
| Three year bond | 5.50% | 4.40% | 5.50% | Apply |
| Monthly income option | 5.37% | 4.29% | 5.50% | Apply |
| Five year bond | 5.50% | 4.40% | 5.50% | Apply |
| Monthly income bond | 5.37% | 4.29% | 5.50% | Apply |
Previous rates
| Account balance | Gross* | Net** | AER*** |
|---|---|---|---|
| Previous rates effective from 09/04/08. Minimum investment £1,000. While the balance is below the minimum investment, the interest rate payable will be the same as that payable for our Investment Share account (excluding bonus interest rates) as varied from time to time (please call 0845 300 2511 for details). We also reserve the right to close the account if the minimum investment is not maintained | |||
| Six month bond | 5.91% | 4.73% | 6.00% |
| Monthly income option | 5.84% | 4.67% | 6.00% |
| One year bond | 5.90% | 4.72% | 5.90% |
| Monthly income option | 5.75% | 4.60% | 5.90% |
| Two year bond | 4.75% | 3.80% | 4.75% |
| Monthly income option | 4.65% | 3.72% | 4.75% |
| Three year bond | 4.75% | 3.80% | 4.75% |
| Monthly income option | 4.65% | 3.72% | 4.75% |
| Five year bond | 4.75% | 3.80% | 4.75% |
| Monthly income option | 4.65% | 3.72% | 4.75% |
2 Year Fixed Rate Loyalty Bonds
A special account that’s reserved exclusively for our loyal customers. This bond is available to any customer who has held an account with us for four years or more.
All you need to know about Fixed Rate Loyalty Bonds
Current rates
| Account balance | Gross* | Net** | AER*** | |
|---|---|---|---|---|
| Current rates effective from 01/05/08. Minimum investment £1,000. While the balance is below the minimum investment, the interest rate payable will be the same as that payable for our Investment Share account (excluding bonus interest rates) as varied from time to time (please call 0845 300 2511 for details). We also reserve the right to close the account if the minimum investment is not maintained. Maximum investment £25,000 (£50,000 for joint accounts). |
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| Annual interest option | 5.60% | 4.48% | 5.60% | Apply |
| Monthly interest option | 5.46% | 4.37% | 5.60% | Apply |
Previous rates
| Account balance | Gross* | Net** | AER*** |
|---|---|---|---|
| Previous
rates effective from 21/02/07.
Minimum investment £1,000. While the balance is below the minimum investment, the interest rate payable will be the same as that payable for our Investment Share account (excluding bonus interest rates) as varied from time to time (please call 0845 300 2511 for details). We also reserve the right to close the account if the minimum investment is not maintained. Maximum investment £25,000 (£50,000 for joint accounts). |
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| Annual interest option | 4.85% | 3.88% | 4.85% |
| Monthly interest option | 4.75% | 3.80% | 4.85% |
Definitions
* Interest will be paid gross (that is before the deduction of income tax) to non-taxpayers subject to eligibility and the required registration. Otherwise interest will be paid after deduction of income tax at the appropriate rate. Please note that gross interest can only be paid to customers aged 16 or over if they are the named account holder.
** Net rates (that is after the deduction of income tax) shown are for illustrative purposes only. The interest you earn on this account will currently be taxed at the rate of 20%.
*** AER means Annual Equivalent Rate and shows what the interest rate would be if interest was paid and added each year.