Have a look at the rates you could be earning when you open a Direct Access Savings Account.
Direct Access Savings Account for personal savers
| Balance |
Interest paid yearly |
Interest paid monthly |
Gross/
AER % |
Net % |
Gross % |
Net% |
AER % |
| £1 - £999 |
0.90 |
0.72 |
0.89 |
0.71 |
0.90 |
| £1,000 - £2,499 |
1.00 |
0.80 |
0.99 |
0.79 |
1.00 |
| £2,500 - £4,999 |
1.20 |
0.96 |
1.19 |
0.95 |
1.20 |
| £5,000 - £9,999 |
1.30 |
1.04 |
1.29 |
1.03 |
1.30 |
| £10,000- £24,999 |
1.53 |
1.22 |
1.51 |
1.21 |
1.53 |
| £25,000- £49,999 |
1.58 |
1.26 |
1.56 |
1.25 |
1.58 |
| £50,000+ |
1.63 |
1.30 |
1.61 |
1.29 |
1.63 |
- Interest rates effective from 12 March 2009, subject to variation.
- Gross means the rate of interest paid without the deduction of tax, if applicable.
- AER means the Annual Equivalent Rate and illustrates what the interest rate would be if
interest was paid and compounded each year.
- Net means the Gross interest rate minus tax, at the current rate.
