RBS - Savings interest rates Information Sheet – Fixed Rate Bond Issue 284

May 7, 2009 | Publisher: RBS | Category: Finance |  

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Savings interest rates Information Sheet – Fixed Rate Bond Issue 284 This is the Information Sheet for Fixed Rate Bond Issue 284 and should be read in conjunction with Personal and Private Banking – Terms and Conditions and Personal and Private Banking – Charges and Rates of Interest. • Fixed Rate Bond Issue 284 has a one year term. • The start date of the one year term is 29 January 2009. • The Bond will mature on 29 January 2010. • You can choose how often you receive the interest – monthly or annually. • The fixed annual and monthly interest rates you will earn are dependent on the amount you deposit in the account and how you receive interest. The applicable rates are shown in the table below: • Interest is calculated daily. • Interest is paid into a Royal Bank of Scotland current account or Royal Bank of Scotland instant access savings account of your choice. • The minimum you may invest in a Royal Bank of Scotland Fixed Rate Bond is £5,000, there is no maximum. • No partial withdrawals are allowed. An early closure of the Bond will incur an early redemption fee equivalent to 60 days gross interest. • The number of fixed rate bonds permitted per customer under the issue is unlimited while funds last. • This is a limited offer and applications will be processed on a first come, first served basis. • Any deposits made before 29 January 2009 (i.e. before the start date of the Bond) will attract a rate equivalent to 0.25% below Bank of England Base Rate p.a. until 29 January 2009. * The Annual Equivalent Rate (AER) is a notional rate which illustrates the gross interest as if paid and compounded on an annual basis. The AER is not given for the monthly interest option as it is not possible for monthly interest to be paid into nor compounded in a Fixed Rate Bond. **Net rate is the rate paid to customers after the deduction of Income Tax at the appropriate rate. P.T.O. Annual Monthly Gross/AER%* Net %** Gross %* Net %** £100,000 + 4.00% 3.20% 3.93% 3.14% £50,000 to £99,999 3.75% 3.00% 3.69% 2.95% £5,000 to £49,999 3.25% 2.60% 3.20% 2.56% RBS L667 12/08 7 8 0 6 8 3 4 / 1 2 / 0 8 1 3 : 0 6 P a g e 1 Generated at: Thu Dec 4 13:06:36 2008 1 Year Fixed Rate Bond The Royal Bank of Scotland plc is authorised and regulated by the Financial Services Authority. Registration Number 121882. The Royal Bank of Scotland plc. Registered in Scotland No. 90312. Registered office: 36 St Andrew Square, Edinburgh EH2 2YB. RBS L667 12/08 Interest rate(s) Fixed Rate Bond interest rates vary from issue to issue. The rates for this issue can be found overleaf. Interest earned on balances of less than £50,000 will be paid subject to your tax status. Interest earned on balances of £50,000 or more will be paid without deduction of tax. N/A Partial withdrawals are not permitted. If you close your bond before the date specified we will charge you an early redemption fee (penalty). This fee is detailed overleaf. Branch Tax status Conditions for bonus payment (if app) Withdrawal arrangements Access 7 8 0 6 8 3 4 / 1 2 / 0 8 1 3 : 0 6 P a g e 2 Generated at: Thu Dec 4 13:06:36 2008

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