Savings accounts

Annual Equivalent Rate (AER)

The interest rate if interest is paid and compounded once each year. AER helps you compare the rates of interest on different accounts.

Compound interest

Interest earned on interest that’s already been paid.

Gross rate

The interest rate you’re paid on your savings with no compounding.

p.a.

Per annum (per year).

Tax-free

We pay all savings interest without the deduction of tax. You may have to pay tax on interest earned depending on your Personal Savings Allowance. The tax treatment may change in the future.

AA Savings is provided by National Westminster Bank plc trading as NatWest Boxed. National Westminster Bank plc is authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority (FRN 121878). National Westminster Bank plc is a company registered in England and Wales (registered number 929027) and its registered address is 250 Bishopsgate, London, United Kingdom, EC2M 4AA. NatWest Boxed is a trading name of National Westminster Bank plc.

AA Financial Services Limited introduces customers to National Westminster Bank plc as its exclusive savings provider.

AA Financial Services Limited is authorised and regulated by the Financial Conduct Authority, FRN 727859. Registered office: Level 3, Plant, Basing View, Basingstoke, Hampshire, England, RG21 4HG. Registered in England and Wales number 912211.

AA Financial Services Limited and National Westminster Bank plc aren’t able to provide advice on savings products. If you have doubts about product suitability, please seek independent financial advice.

The AA is a trademark of the AA Group and AA branded companies, and is used with permission under brand licence to National Westminster Bank plc.

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