Withdrawals made in account year |
Interest rate AER/gross p.a. (variable) |
Balance after 12 months |
0 |
0.75% |
£1,007.50 |
The table above shows the balance on an initial deposit of £1,000 where no withdrawals have been made after 12 months with interest added to the account.
Withdrawals made in account year |
Interest rate AER/gross p.a. (variable)* |
Balance after 12 months |
6 |
0.10% |
£944.13 |
The table above shows the balance on an initial deposit of £1,000 over 12 months with interest added to the account, where a withdrawal of £10 was made on the 1st day of each calendar month for the first 6 months.
*This rate is only applied once the 6th withdrawal is made in the account year.
Both estimated balances are for illustration only and assume that:
- interest is paid into the account
- no further deposits are made
- there is no change to the interest rate
- individual circumstances do not change
- the illustrated balances after 12 months are shown after addition of interest and deduction of withdrawals made during the account year.