3 Month Fixed Term Account
Please read the following information before you apply for an account:
AER This stands for Annual Equivalent Rate. If you left a sum of money in your account all year, the AER would be the interest rate you’d get if we paid you interest during the course of the year and your subsequently higher balance then earned more interest (this is known as Compound Interest). The AER will only be higher than the gross interest rate where we pay you interest more than once a year. We quote the AER on all of our accounts so that you can compare our products with those of other banks.
GROSS The interest rate before any payment of income tax. Please note: as of 6th April 2016 income tax will no longer be deducted by Wyelands Bank from interest earned on your account. Any interest earned will be paid gross. For further details on the change and to understand how any applicable tax on your savings will operate from 6th April 2016 please visit HMRC at www.gov.uk.
Wyelands Bank is an industry leading expert in customer centric finance solutions, we are committed to helping our customers seek to realise their full growth potential.
Because of our expertise our customers can be confident we will seek to generate good sustainable returns for them