Competitive rates of interest
Competitive variable rate of 1.40% gross/AER 1.12% net.
2% gross/AER (1.6% net) bonus is paid on the average balance in the account in the 12 months prior to closure. The bonus is payable when you take out a mortgage directly from the Furness.
AER stands for Annual Equivalent Rate and illustrates what the interest rate would be if interest is paid and added to your account each year. The Net rate is the rate of interest that would be payable after allowing for the deduction of income tax at the specified rate.