US Dollar accounts - Current Rates |
 Previous
rates |
US Dollar Tracker Premium account - Year 1 with effect from 16 January 2009. Thereafter with effect from 4 April 2009. |
|||
| Annual/Interest on closure |
|||
Gross* p.a.% |
A.E.R. % |
||
| $5,000 - $49,999 | Year 1 | 0.30 † |
0.30 † |
| Thereafter** | 0.10 |
0.10 |
|
| $50,000+ | Year 1 | 0.50 ‡ |
0.50 ‡ |
| Thereafter** | 0.10 |
0.10 |
|
| † Includes a variable premium of 0.175% above the mid-rate of the US Federal Funds target rate
‡ Includes a variable premium of 0.375% above the mid-rate of the US Federal Funds target rate |
US Dollar Savings account - with effect from 16 January 2009 |
||
Annual/Interest on closure |
||
| Gross* p.a.% | A.E.R. % | |
| $1,000 to $24,999 | 0.10 | 0.10 |
| $25,000 to $49,999 | 0.15 | 0.15 |
| $50,000 to $99,999 | 0.20 | 0.20 |
| $100,000 and above | 0.25 | 0.25 |
Balances below US $1,000 in our US Dollar Savings accounts will receive interest at 0.10% Gross* p.a./A.E.R.
All rates quoted are variable.
* All interest rates are quoted gross. Interest paid or credited in respect of accounts held by certain individuals may be subject to a retention tax in accordance with the arrangements under Isle of Man law for the implementation of equivalent measures to the EU Savings Tax Directive.
** Whilst it is a condition of this account to pay 0.25% gross p.a. below the US Federal Funds target rate range, for the time being we will pay a flat rate of 0.10% on the account; however, we reserve the right to stop paying this flat rate without notice.
The Annual Equivalent Rate (A.E.R.) is a notional
rate which illustrates the contractual rate as if paid and compounded
on an annual basis.