What does AER mean?

AER stands for 'annual equivalent rate'. We pay you interest on a monthly basis, but AER shows you the rate you’d get if this monthly interest was compounded and paid once a year instead. We provide an AER to make it easier for you to compare our rates with other providers.  

What is gross interest?

Gross interest is the rate of interest we apply to your money, before any tax is taken off

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