Eh, I believe that's the interest you get per quarter annualised, so actually you get 2.33/4 per quarter to give the AER (annual equivalent rate) of 2.35%. I'm open to correction, but otherwise the AER makes no sense!
Eh, I believe that's the interest you get per quarter annualised, so actually you get 2.33/4 per quarter to give the AER (annual equivalent rate) of 2.35%. I'm open to correction, but otherwise the AER makes no sense!
Yes, I was thinking I must be understanding it incorrectly. Was just a bit confused by the 'Quarterly' in the column heading. I wonder why the 0 -> 4,999 rate is so small (0.40%) - maybe to discourage people with small sums using it?
Come to think of it, there seem to be lots of consistencies in this page. For example where is the 10K -> 100K band in the ' Instant Access Savings Account' section?