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Historical interest rates

Account Gross rate p.a. Net rate p.a. AER
Easy Access savings accounts *
Easy Access monthly interest 6.31% 5.04% 6.50%
Easy Access yearly interest 6.50% 5.20% 6.50%
Fixed Rate Bond accounts 1st issue **
1 year bond monthly interest 6.46% 5.17% 6.65%
1 year bond yearly interest 6.65% 5.32% 6.65%
2 year bond monthly interest 6.46% 5.17% 6.65%
2 year bond yearly interest 6.65% 5.32% 6.65%
3 year bond monthly interest 6.46% 5.17% 6.65%
3 year bond yearly interest 6.65% 5.32% 6.65%
Fixed Rate Bond accounts 2nd issue ***
1 year bond monthly interest 6.12% 4.90% 6.30%
1 year bond yearly interest 6.30% 5.04% 6.30%
2 year bond monthly interest 6.12% 4.90% 6.30%
2 year bond yearly interest 6.30% 5.04% 6.30%
3 year bond monthly interest 6.12% 4.90% 6.30%
3 year bond yearly interest 6.30% 5.04% 6.30%

* These rates were applicable from 20-12-2007 to 18-02-2008 (inclusive)

** These rates were applicable from 16-07-2007 to 18-02-2008 (inclusive)

*** These rates were applicable from 19-02-2008 to 21-05-2008 (inclusive)

AER means "annual equivalent rate" and is a notional rate which illustrates the gross interest rate as if paid and compounded on a monthly or annual basis whichever is applicable to the account.