Skipton Online Bonus Saver

RoxRoxBling

The minimum opening balance is £1000
So can the balance drop below £1000?

Also what is the interest rate after basic payer tax is taken into account - 2.00% gross AER?

http://www.skipton.co.uk/savings_and_investments/e-savings/online_bonus_saver/

innovate

RoxRoxBling wrote: »

The minimum opening balance is £1000
So can the balance drop below £1000?

It says "Minimum opening and operating balance of £1,000" - so no.

RoxRoxBling wrote: »

Also what is the interest rate after basic payer tax is taken into account - 2.00% gross AER?

The AER and the gross rate is 2% - so it's 1.6% after BRT.

YorkshireBoy

RoxRoxBling wrote: »

Also what is the interest rate after basic payer tax is taken into account - 2.00% gross AER?

This is (at least) the second time you've asked this question today on interest rates (I replied on your other thread).

Just in case you find any more accounts you're interested in, to get net from gross you multiply gross by 0.8

So 2% x 0.8 = 1.6% (as innovate says above).

RoxRoxBling

YorkshireBoy wrote: »

This is (at least) the second time you've asked this question today on interest rates (I replied on your other thread).

Just in case you find any more accounts you're interested in, to get net from gross you multiply gross by 0.8

So 2% x 0.8 = 1.6% (as innovate says above).

Obviously interest rates aren't my best point

d63

. . .just thought i'd mention that the skipton sent me a email last week to say that they'd actually increased the rate on this account with effect from the 29th march! only by 0.15% mind, but, well!! had to read it twice and check on the website to see if it was a april 1st hoax!
(though i dare say they will put it down again pretty soon once they realise their mistake!)

evenasus

RoxRoxBling wrote: »

Obviously interest rates aren't my best point

It's simple maths.

Gross interest rate minus 20% for basic tax payer.

So Skipton's 2% minus 20% = 1.60%.