1 AER stands for the Annual Equivalent Rate and shows what the interest rate would
be if interest was paid and added to the capital balance each year.
2 Gross P.A. is the rate of interest paid to eligible non-taxpayers without the
deduction of tax.
3 The tax-free rate is the contractual rate of interest payable where interest is
exempt from income tax.
4 Estimated value is shown Tax-Free3 P.A (for Cash ISAs) or Gross2 P.A. Remember,
any balances which are under the minimum set will earn an interest rate of 0.10% Gross2 P.A.
or Tax-Free3 P.A.
All illustrations are calculated over the first year of investment into the accounts and are based on the current rate for these accounts providing no withdrawals are made. The only exceptions to this are the L&G Growth Deposit accounts which are calculated over the full term of the account.