All Accounts Savings Rates
Instant Access
| Product | Balance | AER % |
AER* % |
Gross p.a.% |
Net p.a.% |
|
|---|---|---|---|---|---|---|
| e-Savings Plus - interest rates payable where 3 or fewer withdrawals are made each year A savings facility operated online. Make transfers whenever you like, 24 hours a day, to and from Nationwide's current account, our FlexAccount. Effective from:01/01/2009 |
£1 - £100,000 | 2.75 | n/a | 2.75 | 2.20 | More info Apply now |
| e-Savings Plus - interest rates payable where 4 or more withdrawals are made each year A savings facility operated online. Make transfers whenever you like, 24 hours a day, to and from Nationwide's current account, our FlexAccount. Effective from:01/01/2009 |
£1 - £100,000 | 0.50 | n/a | 0.50 | 0.40 | More info Apply now |
| e-Savings A savings facility operated online. Make transfers whenever you like, 24 hours a day, to and from Nationwide's current account, our FlexAccount. Effective from:01/01/2009 |
£1 - £3,000,000 | 1.95 | n/a | 1.95 | 1.56 | More info Apply now |
| e-Bond Maturity Account Only available to customers with a matured e-Bond. Effective from:01/01/2009 |
£1 - £3,000,000 | 1.95 | n/a | 1.95 | 1.56 | |
| Monthly Income 60+ Instant access passbook operated account for people aged 60 or over. Effective from:01/01/2009 |
£1 - £2,000,000 | 2.00 | n/a | 1.98 | 1.58 | More info Apply in branch |
| We guarantee that the Monthly Income 60+ AER will match or better the Bank of England Base Rate until 31 January 2011. | ||||||
| InvestDirect The postal account you can run from home. Effective from:01/01/2009 |
£1 - £9,999 | 0.85 | n/a | 0.85 | 0.68 | More info Apply now |
| £10,000 - £24,999 | 0.95 | n/a | 0.95 | 0.76 | ||
| £25,000 - £49,999 | 1.05 | n/a | 1.05 | 0.84 | ||
| £50,000 - £2,000,000 | 1.15 | n/a | 1.15 | 0.92 | ||
| Instant Access ISA A passbook account that gives you tax-free returns. Effective from:01/01/2009 |
£1 - £9,999 | 1.50 | n/a | 1.50 | n/a | More info Apply in branch |
| £10,000 - £24,999 | 1.60 | n/a | 1.60 | n/a | ||
| £25,000+ | 1.70 | n/a | 1.70 | n/a | ||
| Regular Savings Flexible, instant access regular savings account managed via LINK cash machines or online that lets you save up to £250 a month. Effective from:01/01/2009 |
£1 - £99* | 1.10 | n/a | 1.10 | 0.88 | More info Apply now |
| £100 - £199* | 2.60 | n/a | 2.60 | 2.08 | ||
| £200 - £250* | 3.10 | n/a | 3.10 | 2.48 | ||
| *Monthly increase in balance. We guarantee that the interest rates (AER) on Regular Savings will track changes in the Bank of England Base Rate until 1 January 2010. | ||||||
| CashBuilder Card Instant access account with cash card. Effective from:01/01/2009 |
£1 - £2,000,000 | 0.10 | n/a | 0.10 | 0.08 | More info Apply now |
| CashBuilder Book Instant access account with passbook. Effective from:01/01/2009 |
£1 - £2,000,000 | 0.10 | n/a | 0.10 | 0.08 | More info Apply in branch |
Notice Accounts
| Product | Balance | AER % |
AER* % |
Gross p.a.% |
Net p.a.% |
|
|---|---|---|---|---|---|---|
| Bonus 30 Annual An account with 30 days' notice or loss of interest. Effective from:01/01/2009 |
£1 - £9,999 | 0.60 | 1.10 | 1.10 | 0.88 | More info Apply in branch |
| £10,000 - £2,000,000 | 0.70 | 1.20 | 1.20 | 0.96 | ||
| 60 Day Direct Higher interest postal account with 60 days' notice or loss of interest on the amount you withdraw. Effective from:01/01/2009 |
£1 - £9,999 | 1.15 | n/a | 1.15 | 0.92 | More info Apply in branch |
| £10,000 - £24,999 | 1.25 | n/a | 1.25 | 1.00 | ||
| £25,000 - £49,999 | 1.35 | n/a | 1.35 | 1.08 | ||
| £50,000 - £2,000,000 | 1.45 | n/a | 1.45 | 1.16 | ||
| CapitalBuilder Our 90 day notice account with instant access if your balance remains over £10,000. Effective from:01/01/2009 |
£1 - £2,000,000 | 0.65 | n/a | 0.65 | 0.52 | More info Apply in branch |
Cash ISA
| Product | Balance | AER % |
AER* % |
Gross p.a.% |
Net p.a.% |
|
|---|---|---|---|---|---|---|
| Instant Access ISA A passbook account that gives you tax-free returns. Effective from:01/01/2009 |
£1 - £9,999 | 1.50 | n/a | 1.50 | n/a | More info Apply in branch |
| £10,000 - £24,999 | 1.60 | n/a | 1.60 | n/a | ||
| £25,000+ | 1.70 | n/a | 1.70 | n/a | ||
| Members` ISA Bond Exclusive to Nationwide members of 3 years or more, it offers competitive variable rates of tax-free interest. Effective from:01/01/2009 |
£1 - £9,999 | 1.75 | n/a | 1.75 | n/a | More info Apply in branch |
| £10,000 - £24,999 | 1.85 | n/a | 1.85 | n/a | ||
| £25,000+ | 1.95 | n/a | 1.95 | n/a | ||
| 1 Year Fixed Rate ISA Bond (Annual Interest) A tax-free fixed rate of interest over a fixed term. Effective from:09/12/2008 |
£1 - £2,000,000 | 3.75 | n/a | 3.75 | n/a | More info Apply in branch |
| 1 Year Fixed Rate ISA Bond (Monthly Interest) A tax-free fixed rate of interest over a fixed term. Effective from:09/12/2008 |
£1 - £2,000,000 | 3.71 | n/a | 3.65 | n/a | More info Apply in branch |
| 2 Year Fixed Rate ISA Bond (Annual Interest) A tax-free fixed rate of interest over a fixed term. Effective from:09/12/2008 |
£1 - £2,000,000 | 4.00 | n/a | 4.00 | n/a | More info Apply in branch |
| 2 Year Fixed Rate ISA Bond (Monthly Interest) A tax-free fixed rate of interest over a fixed term. Effective from:09/12/2008 |
£1 - £2,000,000 | 3.97 | n/a | 3.90 | n/a | More info Apply in branch |
| 3 Year Fixed Rate ISA Bond (Annual Interest) A tax-free fixed rate of interest over a fixed term. Effective from:09/12/2008 |
£1 - £2,000,000 | 4.25 | n/a | 4.25 | n/a | More info Apply in branch |
| 3 Year Fixed Rate ISA Bond (Monthly Interest) A tax-free fixed rate of interest over a fixed term. Effective from:09/12/2008 |
£1 - £2,000,000 | 4.23 | n/a | 4.15 | n/a | More info Apply in branch |
Bonds
| Product | Balance | AER % |
AER* % |
Gross p.a.% |
Net p.a.% |
|
|---|---|---|---|---|---|---|
| 6 Month e-Bond (Annual Interest) Online lump sum fixed term account with a guaranteed rate of interest. Effective from:09/12/2008 |
£1 - £9,999 | 3.79 | n/a | 3.75 | 3.00 | More info Apply now |
| £10,000 - £24,999 | 3.84 | n/a | 3.80 | 3.04 | ||
| £25,000 - £49,999 | 3.94 | n/a | 3.90 | 3.12 | ||
| £50,000 - £3,000,000 | 4.04 | n/a | 4.00 | 3.20 | ||
| 6 Month e-Bond (Monthly Interest) Online lump sum fixed term account with a guaranteed rate of interest. Effective from:09/12/2008 |
£1 - £9,999 | 3.76 | n/a | 3.70 | 2.96 | More info Apply now |
| £10,000 - £24,999 | 3.82 | n/a | 3.75 | 3.00 | ||
| £25,000 - £49,999 | 3.92 | n/a | 3.85 | 3.08 | ||
| £50,000 - £3,000,000 | 4.02 | n/a | 3.95 | 3.16 | ||
| 9 Month e-Bond (Annual Interest) Online lump sum fixed term account with a guaranteed rate of interest. Effective from:09/12/2008 |
£1 - £9,999 | 3.62 | n/a | 3.60 | 2.88 | More info Apply now |
| £10,000 - £24,999 | 3.67 | n/a | 3.65 | 2.92 | ||
| £25,000 - £49,999 | 3.77 | n/a | 3.75 | 3.00 | ||
| £50,000 - £3,000,000 | 3.87 | n/a | 3.85 | 3.08 | ||
| 9 Month e-Bond (Monthly Interest) Online lump sum fixed term account with a guaranteed rate of interest. Effective from:09/12/2008 |
£1 - £9,999 | 3.61 | n/a | 3.55 | 2.84 | More info Apply now |
| £10,000 - £24,999 | 3.66 | n/a | 3.60 | 2.88 | ||
| £25,000 - £49,999 | 3.76 | n/a | 3.70 | 2.96 | ||
| £50,000 - £3,000,000 | 3.87 | n/a | 3.80 | 3.04 | ||
| 1 Year e-Bond (Annual Interest) Online lump sum fixed term account with a guaranteed rate of interest. Effective from:09/12/2008 |
£1 - £9,999 | 3.85 | n/a | 3.85 | 3.08 | More info Apply now |
| £10,000 - £24,999 | 3.90 | n/a | 3.90 | 3.12 | ||
| £25,000 - £49,999 | 4.00 | n/a | 4.00 | 3.20 | ||
| £50,000 - £3,000,000 | 4.10 | n/a | 4.10 | 3.28 | ||
| 1 Year e-Bond (Monthly Interest) Online lump sum fixed term account with a guaranteed rate of interest. Effective from:09/12/2008 |
£1 - £9,999 | 3.82 | n/a | 3.75 | 3.00 | More info Apply now |
| £10,000 - £24,999 | 3.87 | n/a | 3.80 | 3.04 | ||
| £25,000 - £49,999 | 3.97 | n/a | 3.90 | 3.12 | ||
| £50,000 - £3,000,000 | 4.07 | n/a | 4.00 | 3.20 | ||
| 2 Year e-Bond (Annual Interest) Online lump sum fixed term account with a guaranteed rate of interest. Effective from:09/12/2008 |
£1 - £9,999 | 3.95 | n/a | 3.95 | 3.16 | More info Apply now |
| £10,000 - £24,999 | 4.00 | n/a | 4.00 | 3.20 | ||
| £25,000 - £49,999 | 4.10 | n/a | 4.10 | 3.28 | ||
| £50,000 - £3,000,000 | 4.20 | n/a | 4.20 | 3.36 | ||
| 2 Year e-Bond (Monthly Interest) Online lump sum fixed term account with a guaranteed rate of interest. Effective from:09/12/2008 |
£1 - £9,999 | 3.92 | n/a | 3.85 | 3.08 | More info Apply now |
| £10,000 - £24,999 | 3.97 | n/a | 3.90 | 3.12 | ||
| £25,000 - £49,999 | 4.07 | n/a | 4.00 | 3.20 | ||
| £50,000 - £3,000,000 | 4.18 | n/a | 4.10 | 3.28 | ||
| 3 Year e-Bond (Annual Interest) Online lump sum fixed term account with a guaranteed rate of interest. Effective from:09/12/2008 |
£1 - £9,999 | 3.95 | n/a | 3.95 | 3.16 | More info Apply now |
| £10,000 - £24,999 | 4.00 | n/a | 4.00 | 3.20 | ||
| £25,000 - £49,999 | 4.10 | n/a | 4.10 | 3.28 | ||
| £50,000 - £3,000,000 | 4.20 | n/a | 4.20 | 3.36 | ||
| 3 Year e-Bond (Monthly Interest) Online lump sum fixed term account with a guaranteed rate of interest. Effective from:09/12/2008 |
£1 - £9,999 | 3.92 | n/a | 3.85 | 3.08 | More info Apply now |
| £10,000 - £24,999 | 3.97 | n/a | 3.90 | 3.12 | ||
| £25,000 - £49,999 | 4.07 | n/a | 4.00 | 3.20 | ||
| £50,000 - £3,000,000 | 4.18 | n/a | 4.10 | 3.28 | ||
| 6 Month Fixed Rate Bond (Annual Interest) A lump sum fixed term account with a guaranteed rate of interest. Effective from:09/12/2008 |
£1 - £9,999 | 3.53 | n/a | 3.50 | 2.80 | More info Apply in branch |
| £10,000 - £24,999 | 3.58 | n/a | 3.55 | 2.84 | ||
| £25,000 - £49,999 | 3.68 | n/a | 3.65 | 2.92 | ||
| £50,000 - £2,000,000 | 3.79 | n/a | 3.75 | 3.00 | ||
| 6 Month Fixed Rate Bond (Monthly Interest) A lump sum fixed term account with a guaranteed rate of interest. Effective from:09/12/2008 |
£1 - £9,999 | 3.51 | n/a | 3.45 | 2.76 | More info Apply in branch |
| £10,000 - £24,999 | 3.56 | n/a | 3.50 | 2.80 | ||
| £25,000 - £49,999 | 3.66 | n/a | 3.60 | 2.88 | ||
| £50,000 - £2,000,000 | 3.76 | n/a | 3.70 | 2.96 | ||
| 9 Month Fixed Rate Bond (Annual Interest) A lump sum fixed term account with a guaranteed rate of interest. Effective from:09/12/2008 |
£1 - £9,999 | 3.52 | n/a | 3.50 | 2.80 | More info Apply in branch |
| £10,000 - £24,999 | 3.57 | n/a | 3.55 | 2.84 | ||
| £25,000 - £49,999 | 3.67 | n/a | 3.65 | 2.92 | ||
| £50,000 - £2,000,000 | 3.77 | n/a | 3.75 | 3.00 | ||
| 9 Month Fixed Rate Bond (Monthly Interest) A lump sum fixed term account with a guaranteed rate of interest. Effective from:09/12/2008 |
£1 - £9,999 | 3.51 | n/a | 3.45 | 2.76 | More info Apply in branch |
| £10,000 - £24,999 | 3.56 | n/a | 3.50 | 2.80 | ||
| £25,000 - £49,999 | 3.66 | n/a | 3.60 | 2.88 | ||
| £50,000 - £2,000,000 | 3.76 | n/a | 3.70 | 2.96 | ||
| 1 Year Fixed Rate Bond (Annual Interest) A lump sum fixed term account with a guaranteed rate of interest. Effective from:09/12/2008 |
£1 - £9,999 | 3.75 | n/a | 3.75 | 3.00 | More info Apply in branch |
| £10,000 - £24,999 | 3.80 | n/a | 3.80 | 3.04 | ||
| £25,000 - £49,999 | 3.90 | n/a | 3.90 | 3.12 | ||
| £50,000 - £2,000,000 | 4.00 | n/a | 4.00 | 3.20 | ||
| 1 Year Fixed Rate Bond (Monthly Interest) A lump sum fixed term account with a guaranteed rate of interest. Effective from:09/12/2008 |
£1 - £9,999 | 3.71 | n/a | 3.65 | 2.92 | More info Apply in branch |
| £10,000 - £24,999 | 3.76 | n/a | 3.70 | 2.96 | ||
| £25,000 - £49,999 | 3.87 | n/a | 3.80 | 3.04 | ||
| £50,000 - £2,000,000 | 3.97 | n/a | 3.90 | 3.12 | ||
| 2 Year Fixed Rate Bond (Annual Interest) A lump sum fixed term account with a guaranteed rate of interest. Effective from:09/12/2008 |
£1 - £9,999 | 3.85 | n/a | 3.85 | 3.08 | More info Apply in branch |
| £10,000 - £24,999 | 3.90 | n/a | 3.90 | 3.12 | ||
| £25,000 - £49,999 | 4.00 | n/a | 4.00 | 3.20 | ||
| £50,000 - £2,000,000 | 4.10 | n/a | 4.10 | 3.28 | ||
| 2 Year Fixed Rate Bond (Monthly Interest) A lump sum fixed term account with a guaranteed rate of interest. Effective from:09/12/2008 |
£1 - £9,999 | 3.82 | n/a | 3.75 | 3.00 | More info Apply in branch |
| £10,000 - £24,999 | 3.87 | n/a | 3.80 | 3.04 | ||
| £25,000 - £49,999 | 3.97 | n/a | 3.90 | 3.12 | ||
| £50,000 - £2,000,000 | 4.07 | n/a | 4.00 | 3.20 | ||
| 3 year Fixed Rate Bond (Annual Interest) A lump sum fixed term account with a guaranteed rate of interest. Effective from:09/12/2008 |
£1 - £9,999 | 3.85 | n/a | 3.85 | 3.08 | More info Apply in branch |
| £10,000 - £24,999 | 3.90 | n/a | 3.90 | 3.12 | ||
| £25,000 - £49,999 | 4.00 | n/a | 4.00 | 3.20 | ||
| £50,000 - £2,000,000 | 4.10 | n/a | 4.10 | 3.28 | ||
| 3 year Fixed Rate Bond (Monthly Interest) A lump sum fixed term account with a guaranteed rate of interest. Effective from:09/12/2008 |
£1 - £9,999 | 3.82 | n/a | 3.75 | 3.00 | More info Apply in branch |
| £10,000 - £24,999 | 3.87 | n/a | 3.80 | 3.04 | ||
| £25,000 - £49,999 | 3.97 | n/a | 3.90 | 3.12 | ||
| £50,000 - £2,000,000 | 4.07 | n/a | 4.00 | 3.20 | ||
| 4 year Fixed Rate Bond (Annual Interest) A lump sum fixed term account with a guaranteed rate of interest. Effective from:09/12/2008 |
£1 - £9,999 | 4.05 | n/a | 4.05 | 3.24 | More info Apply in branch |
| £10,000 - £24,999 | 4.10 | n/a | 4.10 | 3.28 | ||
| £25,000 - £49,999 | 4.20 | n/a | 4.20 | 3.36 | ||
| £50,000 - £2,000,000 | 4.30 | n/a | 4.30 | 3.44 | ||
| 4 year Fixed Rate Bond (Monthly Interest) A lump sum fixed term account with a guaranteed rate of interest. Effective from:09/12/2008 |
£1 - £9,999 | 4.02 | n/a | 3.95 | 3.16 | More info Apply in branch |
| £10,000 - £24,999 | 4.07 | n/a | 4.00 | 3.20 | ||
| £25,000 - £49,999 | 4.18 | n/a | 4.10 | 3.28 | ||
| £50,000 - £2,000,000 | 4.28 | n/a | 4.20 | 3.36 | ||
| 1 year Tracker Bond Annual Interest A 1 year variable rate bond. Effective from:01/01/2009 |
£1 - £9,999 | 3.75 | n/a | 3.75 | 3.00 | More info Apply in branch |
| £10,000 - £24,999 | 3.80 | n/a | 3.80 | 3.04 | ||
| £25,000 - £49,999 | 3.90 | n/a | 3.90 | 3.12 | ||
| £50,000 - £2,000,000 | 4.00 | n/a | 4.00 | 3.20 | ||
| The annual interest rate (AER) pays between 1.75% and 2.00% (dependent on the account balance) above the Bank of England Base Rate and is guaranteed to track changes in the Base Rate. Any changes will be made within one month of a Bank of England announcement. | ||||||
| 1 year Tracker Bond Monthly Interest A 1 year variable rate bond. Effective from:01/01/2009 |
£1 - £9,999 | 3.61 | n/a | 3.55 | 2.84 | More info Apply in branch |
| £10,000 - £24,999 | 3.66 | n/a | 3.60 | 2.88 | ||
| £25,000 - £49,999 | 3.76 | n/a | 3.70 | 2.96 | ||
| £50,000 - £2,000,000 | 3.87 | n/a | 3.80 | 3.04 | ||
| 1 Year Fixed Rate ISA Bond (Annual Interest) A tax-free fixed rate of interest over a fixed term. Effective from:09/12/2008 |
£1 - £2,000,000 | 3.75 | n/a | 3.75 | n/a | More info Apply in branch |
| 1 Year Fixed Rate ISA Bond (Monthly Interest) A tax-free fixed rate of interest over a fixed term. Effective from:09/12/2008 |
£1 - £2,000,000 | 3.71 | n/a | 3.65 | n/a | More info Apply in branch |
| 2 Year Fixed Rate ISA Bond (Annual Interest) A tax-free fixed rate of interest over a fixed term. Effective from:09/12/2008 |
£1 - £2,000,000 | 4.00 | n/a | 4.00 | n/a | More info Apply in branch |
| 2 Year Fixed Rate ISA Bond (Monthly Interest) A tax-free fixed rate of interest over a fixed term. Effective from:09/12/2008 |
£1 - £2,000,000 | 3.97 | n/a | 3.90 | n/a | More info Apply in branch |
| 3 Year Fixed Rate ISA Bond (Annual Interest) A tax-free fixed rate of interest over a fixed term. Effective from:09/12/2008 |
£1 - £2,000,000 | 4.25 | n/a | 4.25 | n/a | More info Apply in branch |
| 3 Year Fixed Rate ISA Bond (Monthly Interest) A tax-free fixed rate of interest over a fixed term. Effective from:09/12/2008 |
£1 - £2,000,000 | 4.23 | n/a | 4.15 | n/a | More info Apply in branch |
Accounts for under 18s
Under 18s Accounts
| Product | Balance | AER % |
AER* % |
Gross p.a.% |
Net p.a.% |
|
|---|---|---|---|---|---|---|
| Smart (Card) Instant access savings account for 0-17 year olds. If you are 11 or over you can apply online. Effective from:01/01/2009 |
£1 - £2,000,000 | 2.25 | n/a | 2.24 | 1.79 | More info Apply now |
| Cash CTF Cash savings fund open to children born on or after 1 September 2002. Effective from:01/01/2009 |
£1+ | 2.60 | 3.60 | 3.60 | n/a | More info Apply in branch |
16+ Accounts
| Product | Balance | AER % |
AER* % |
Gross p.a.% |
Net p.a.% |
|
|---|---|---|---|---|---|---|
| Instant Access ISA Tax free instant access passbook account. Effective from:01/01/2009 |
£1 - £9,999 | 1.50 | n/a | 1.50 | n/a | More info Apply in branch |
| £10,000 - £24,999 | 1.60 | n/a | 1.60 | n/a | ||
| £25,000+ | 1.70 | n/a | 1.70 | n/a | ||
| e-Savings Plus - interest rates payable where 3 or fewer withdrawals are made each year A savings facility operated online. Make transfers whenever you like, 24 hours a day, to and from Nationwide's current account, our FlexAccount. Effective from:01/01/2009 |
£1 - £100,000 | 2.75 | n/a | 2.75 | 2.20 | More info Apply now |
| e-Savings Plus - interest rates payable where 4 or more withdrawals are made each year A savings facility operated online. Make transfers whenever you like, 24 hours a day, to and from Nationwide's current account, our FlexAccount. Effective from:01/01/2009 |
£1 - £100,000 | 0.50 | n/a | 0.50 | 0.40 | More info Apply now |
| e-Savings Instant access online savings account. Effective from:01/01/2009 |
£1 - £3,000,000 | 1.95 | n/a | 1.95 | 1.56 | More info Apply now |
| CashBuilder Card Instant access account with cash card. Effective from:01/01/2009 |
£1 - £2,000,000 | 0.10 | n/a | 0.10 | 0.08 | More info Apply now |
| CashBuilder Book Instant access account with passbook. Effective from:01/01/2009 |
£1 - £2,000,000 | 0.10 | n/a | 0.10 | 0.08 | More info Apply in branch |
Business Accounts
| Product | Balance | AER % |
AER* % |
Gross p.a.% |
Net p.a.% |
|
|---|---|---|---|---|---|---|
| BusinessInvestor Chequebook savings account for businesses, charities and other organisations. Effective from:01/01/2009 |
£1 - £2,000,000 | 0.10 | n/a | 0.10 | 0.08 | More info Apply in branch |
| PortfolioInvestor Savings account for pension fund managers. Effective from:01/01/2009 |
£1 - £49,999 | 0.70 | n/a | 0.70 | 0.56 | More info Apply in branch |
| £50,000 - £2,000,000 | 0.90 | n/a | 0.90 | 0.72 | ||
| Treasurers’ Account Instant access savings account for clubs, societies and charities. Effective from:01/01/2009 |
£1 - £2,000,000 | 0.10 | n/a | 0.10 | 0.08 | More info Apply in branch |
Accounts no longer available
Rate information for accounts no longer available.
Interest rate definitions:
AER - AER stands for annual equivalent rate and illustrates what the interest rate would be if interest was paid and compounded once each year.
Gross - The gross rate of interest is the interest rate payable before any income tax is deducted (if you do pay tax).
Net - The net rate of interest is the interest rate payable after any income tax is deducted (if you do pay tax).