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12% interest? alliance and leister...
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i have only found out from another post that a&l are giving 12%.....is there any hidden charges or fees that i should know about....after the 17% tax deduction.....
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You have to open a current account and pay in at least �500 per month - (of course you can take it back out again). The interest rate on the current account is rubbish,
The 12% account is a regular saver - you are allowed only to pay in a maximum �250 per month, which is �3000 in total.
So yes, they do indeed pay 12% but you would only get that on the first �250, subsequent months payments would not be in the account long enough.
Interest is taxed at 20%, unless you have an income in the high tax bracket or do not pay tax at all.
The 12% account is a regular saver - you are allowed only to pay in a maximum �250 per month, which is �3000 in total.
So yes, they do indeed pay 12% but you would only get that on the first �250, subsequent months payments would not be in the account long enough.
Interest is taxed at 20%, unless you have an income in the high tax bracket or do not pay tax at all.
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