Fixed Rate Bond (CAO)

Our current range of Fixed Rate Bonds:

 

1 Year Fixed Rate Bond

 

Term & Interest frequency

AER

Gross p.a.

Net

Maturity dates

Issue Number

Term (months)

Annual interest 1.10% 1.10% 0.88% 14 July 2015 639 12
Monthly interest 1.10% 1.09% 0.87% 14 July 2015 639 12


2 Year Fixed Rate Bond

 

Term & Interest frequency

AER

Gross p.a.

Net

Maturity dates

Issue Number

Terms (months)

Annual interest 1.35% 1.35% 1.08% 14 July 2016 640 24
Monthly interest 1.35% 1.34% 1.07% 14 July 2016 640 24

 

Explanation of interest rates:

  • Annual Equivalent Rate (AER) - this is a notional rate used for interest bearing accounts, which illustrates the interest rate if paid and compounded each year. It helps you to compare the effective rates of credit interest on different accounts
  • Gross - this means the interest rate you are paid before the deduction of income tax
  • Net - this means the interest rate you are paid after the deduction of income tax
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