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Historical Interest Rates

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Rates applicable from 24 November 2008 to 30 December 2008

Classic Account interest rate

Standard rates Bonus rate for customers with maturing Wesleyan policies^
Account balance AER* Gross** Net*** AER* Gross** Net***
£5,000+ 2.52% 2.50% 2.00% 2.85% 3.50% 2.80%
£1,000 - £5,000 1.76% 1.75% 1.40% 2.35% 3.50% 2.80%
£100 - £1,000 1.00%

1.00%

 0.80% 1.00% 1.00% 0.80%
Under £100 0.50% 0.50% 0.40% 0.50% 0.50% 0.40%

 

Privilege Account interest rate

Standard rates Bonus rate for customers with maturing Wesleyan policies^
Account balance AER* Gross** Net*** AER* Gross** Net***
£10,000+ 3.02% 3.00% 2.40% 3.19% 3.50% 2.80%
£5,000 - £10,000 2.77% 2.75% 2.20% 3.02% 3.50% 2.80%
£1,000 - £5,000 2.01% 2.00% 1.60% 2.52% 3.50% 2.80%
Under £1,000 1.00% 1.00% 0.80% 1.00% 1.00% 0.80%

 

Cheque Account interest rate

Account balance AER* Gross** NET***
£10,000+ 1.51% 1.50% 1.20%
£5,000 - £10,000 1.00% 1.00% 0.80%
£1,000 - £5,000 0.75% 0.75% 0.60%
Under £1,000 0.50% 0.50% 0.40%

 

Cash ISA interest rate

Balance Gross p.a.**/AER*
£9,000 + 3.75%
£3,001 - £9,000 3.50%
£100 - £3,000 3.00%
Under £100 2.50%

Wesleyan SIPP Trustee Bank Account interest rate

Balance  AER* Gross p.a.**
 £5,000 and over 1.76% 1.75%
 £1 - £4,999 0.25% 0.25%
Rates from 24 November2008 to 3 December 2008

Fixed Rate Deposit account interest rate

Term Gross p.a**/AER* Net***
1 Year 5.25% 4.20%
2 Years 5.00% 4.00%
3 Years 4.75% 3.80%

Rates from 24 November 2008 to 3 December 2008

Internet Only Cash ISA interest rates

Term Gross p.a.** / AER*
1 Year 5.25%
2 Years 5.00%
3 Years 4.75%

 

* AER stands for Annual Equivalent Rate and illustrates what the interest rate would be if interest rate was paid and compounded each year As every advert for a savings product which quotes an interest rate will contain an AER, you will be able to compare more easily what return you can expect from your savings over time.

** Without UK tax deducted

*** at 20% lower rate for illustrative purposes.

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©2008 Wesleyan Assurance Society