Personal Estate account
A Personal Estate account is used for the specific purpose of holding ISA funds until a customer's estate has been settled, following notification of the death of a cash ISA account holder.
Current interest rates
|
Rates effective from |
Balance |
Tax-free per year% |
AER % |
|---|---|---|---|
|
1 September 2023 to 1 December 2024 |
£1+ |
1.65 |
1.66 |
|
|
£10,000+ |
1.20 |
1.21 |
Interest rates are banded until 12 February 2025. This means that you’ll earn the higher rate on the first £10,000 of your balance and the lower rate on the additional balance over £10,000.
For example, if you had a balance of £10,100 interest would be calculated at the higher rate on the first £10,000 of your balance and the lower rate on the additional £100.
Future Interest Rates
|
Rates effective from |
Balance |
Tax-free per year% |
AER % |
|---|---|---|---|
|
2 December 2024 to 12 February 2025 |
£1+ |
1.50 |
1.51 |
|
|
£10,000+ |
1.20 |
1.21 |
|
13 February 2025 |
£1+ |
1.25 |
1.26 |
Previous interest rates
|
Rates effective from |
Balance |
Tax-free per year% |
AER % |
|---|---|---|---|
|
17 July 2023 – 31 August 2023 |
£1+ |
1.50 |
1.51 |
|
|
£10,000+ |
1.05 |
1.06 |
Further information
|
Mortgage offset: |
No |
|
Interest rate: |
Rates are variable. Interest is calculated daily using your statement balance and is paid on the first working day of each month. |
|
Gross: |
The rate of interest payable without tax taken off. |
|
Tax: |
Interest is paid gross. If you’re a UK taxpayer, you may have to pay tax on interest earned in excess of your Personal Savings Allowance. For information and guidance please refer to the HMRC website. Please note, it’s your responsibility to ensure that any tax due on interest payments received is paid to the appropriate tax authority. |
|
AER: |
Annual Equivalent Rate. This illustrates what the interest rate would be if interest was paid and compounded once each year.
|
For additional information, download our Personal Estate Account terms and conditions [PDF, 149KB]. They are in addition to the general conditions of your Customer Agreement with us.
Read important information about our interest rates, the Financial Services Compensation Scheme, and your cancellation rights.
