Correct as at 10 October 2016
|Savings Account Plus
Interest is paid ‘gross’. This means that we do not deduct tax from the interest we pay. Depending on your personal circumstances, you may have to pay tax on your interest. There are more details on our website at danskebank.co.uk/savingsrates.
AER stands for ‘annual equivalent rate’ and shows what the yearly rate of interest would be, after considering how often interest is added to the account, and assuming no withdrawals are made.
As every advertisement for a savings product that pays interest will quote an AER, you will be able to compare more easily what return you can expect from your savings over time.
We set the credit interest rate which is variable (this may be subject to change in the future). We will give you two months written notice of any reductions to the credit interest rate. If we increase the credit interest rate on your account we will make the change immediately.
Our eBanking and 24 Hour Telephone Banking services may be temporarily unavailable when we carry out routine maintenance.