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Historic Interest Rates

Rates applicable from 3 March 2009 to 24 March 2009

Classic Account interest rate

 Standard rates     Bonus rate for customers with maturing Wesleyan policies^
 Account balance  AER*  Gross**  AER*  Gross**
 £5,000+  1.00%  1.00%  1.34%  2.00%
 £1,000 - £5,000  0.25%  0.25%  0.83%  2.00%
 £100 - £1,000  0.10%  0.10%  0.10%  0.10%
 Under £100  0.10%  0.10%  0.10%  0.10%

Privilege Account interest rate

 Standard rates     Bonus rate for customers with maturing Wesleyan policies^
 Account balance   AER*  Gross**  AER*  Gross**
 £10,000+  1.51%  1.50%  1.67%  2.00%
 £5,000 - £10,000  1.25%  1.25%  1.51%  2.00%
 £1,000 - £5,000  0.50%  0.50%  1.00%  2.00%
 Under £1,000  0.10%  0.10%  0.10%  0.10%

Cheque Account interest rate

 Account balance  AER*  Gross**
 £10,000 +  0.25%   0.25%
 £5,000 - £10,000  0.10%   0.10%
 £1,000 - £5,000  0.10%   0.10%
 Under £1,000  0.10%   0.10%

Rates from 19 August 2016 to 15 March 2017

Cash ISA interest rate

 Balance  Gross p.a.**/AER*
 £9,000 +  1.40%
 £3,000 - £8,999  1.25%
 £100 - £2,999  0.75%
 Under £100  0.10%


Rates from 28 January 2009 to 3 March 2009

Wesleyan SIPP Trustee Bank Account interest rate

 Balance  AER*  Gross p.a.**
 £5,000 and over  0.75%  0.75%
 £1.00 - £4,999  0.10%  0.10%


Rates from 1 November 2011

Cash Junior ISA

 Balance Gross p.a **/AER* 
 £10+ 2.75%

Interest on the Wesleyan bank Cash Junior ISA is exempt from income tax. The interest on the Cash Junior ISA is variable and can change during the term of the account and may vary in line with changes to the base rate. Interest is calculated on the daily cleared balance of the account and added to the account annually on the 5 April.

* 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.

** From 6 April 2016 all interest will be paid gross and with no tax deducted.

Resources:

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