Retail savings

The great majority of our retail funding is in the form of UK retail member deposits. We are the UK's second largest savings provider, and achieved an estimated 19% share of net retail deposits in the year to 4 April 2008. UK retail member deposits represented 64% of our total liabilities at 4 April 2008. In addition, we accept offshore deposits and deposits which do not convey member status.

We provide a wide range of retail savings products which may be repayable on demand or notice and which may pay a variable or fixed rate of interest.