Postal Savings Accounts
If you are looking for a savings account with a great rate and that is operated by post then a Stroud & Swindon Postal Savings Account is ideal.
Accounts Available
Summary of Postal Savings Account Rates
All Interest rates are variable unless otherwise stated
|
Postal Savings Account |
|
Min Investment Amount |
Investment Amount
(annual interest) |
Gross (%) |
AER (%) |
Net (%) |
|
£1,000 |
£1,000 to £500,000 |
5.90 |
5.90 |
4.72 |
|
Investment Amount
(monthly interest) |
|
|
|
|
|
|
5.75 |
|
|
|
|
|
|
|
|
Previous Rates - Postal Savings Account |
Rates effective from 1st November 2008
Net rates assume the lower rate of income tax of 20%. These figures are rounded and are for illustrative purposes only.
AER stands for Annual Equivalent Rate and illustrates what the interest rate would be if the interest was paid and compounded each year.
GROSS: The gross rate is the contractual rate of interest before the deduction of tax at the appropriate rate specified by law. Interest will be paid gross to non-taxpayers subject to the required HM Revenue and Customs certification (R85).