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To gain a full understanding of this Plan it is
important that you read the brochure carefully, including the Terms and
Conditions. If you are unsure about anything, please seek financial advice to
ensure the Plan suits your requirements and overall investment planning.
Remember, the information in this brochure does not constitute tax, legal or
investment advice and Moneyworld has given you no advice. Please read our
terms of
business before proceeding.
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Summary
The 1 Year Fixed Term Deposit
Account offers an impressive
rate of return, and the interest
is fixed for 12 months
|
Balance |
Bank of England Base
Rate (earned
until fixed term start
date) Gross/AER |
1 Year Fixed Term
Deposit Account
(Non-Personal) Gross/AER |
|
£10,000 - £5,000,000 |
0.50% |
1.75% |
Interest Periods
Interest will accrue at the
fixed rate from the start date
but will not be applied until
the maturity date 12 months
later.
Definitions
On the interest rate table you
may see some terms you are
unfamiliar with. These are:
AER —
Stands for the Annual Equivalent
Rate and illustrates what the
interest rate would be if
interest was paid and compounded
once each year. (As every
advertisement for a savings
product which quotes an interest
rate will contain an AER, you
will be able to compare more
easily what return you can
expect from your savings over
time).
Gross —
This is the contractual rate of
interest payable before the
deduction of income tax at the
rate specified by law (currently
20%
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