Interest rates - Fixed Term Deposits
Effective from 17th November 2008
| Rates | Gross pa* | AER ** |
|---|---|---|
| 1 year on maturity | 4.25% (5.25%) | 4.25% (5.25%) |
| 2 year on maturity | 4.50% (5.25%) | 4.50% (5.25%) |
| 3 year on maturity | 4.75% (5.25%) | 4.75% (5.25%) |
| 1 year monthly | 4.15% (5.12%) | 4.23% (5.24%) |
| 2 year monthly | 4.40% (5.12%) | 4.49% (5.24%) |
| 3 year monthly | 4.65% (5.12%) | 4.75% (5.24%) |
Previous rates shown in brackets
* Gross rate means the contractual rate of interest paid on maturity.
**AER = Annual Equivalent Rate is a notional rate which illustrates the contractual rate paid and compounded on an annual basis.
Interest rates are fixed for the term of the deposit. If you withdraw your deposit before the end of the fixed term you will lose 90 days interest.
For residents outside of the Channel Islands to whom the EU Savings Tax Directive applies tax will be withheld at the appropriate rate unless customers elect for information to be exchanged with the Guernsey Income Tax Authority. For more information please contact us.
