| Page 1 | | 1–46 |
| 1. The terms of this Practice Note apply to the advertising of all interest bearing accounts | |
| 2. Where interest rates are advertised, these must be described as follows: | |
| Page 2 | | 47–100 |
| Section 7) to advertisements. | |
| Page 3 | | 101–148 |
| 3. Advertisements which quote a rate of interest must quote the AER and either the Gross | |
| 4. Advertisements which quote a rate of interest must contain the following specific | |
| Page 4 | | 149–196 |
| 5. Advertisements which quote a rate of interest must clearly explain in the main part of the | |
| 6. Advertisements which quote a rate of interest must clearly explain the following in the | |
| Page 5 | | 197–245 |
| 7. A general notice to customers of rates need only comply with Sections 2 and 3 above In | |
| Page 6 | | 246–303 |
| Page 7 | | 304–363 |
| Page 8 | | 364–411 |
| Page 9 | | 412–464 |
| 1. If an account pays or credits interest once a year, then the AER is equal to the | |
| Page 10 | | 465–521 |
| 2. If an account pays interest at intervals greater than 1 year, the AER is the rate | |
| 3. Now suppose a deposit of £100 is to be made at the beginning of the first year | |
| Page 11 | | 522–587 |
| 4. If in the above example there were not an additional deposit contracted in the | |
| 5. If an account pays interest more often than once a year, then the AER is | |
| 6. A short-term bond, for example an 8-month bond paying 5.5% per annum, has to | |
| Page 12 | | 588–652 |
| 7. Unconditional bonuses, for example a launch bonus of 0.5% paid at least until 30 | |
| Page 13 | | 653–710 |
| 8. Finally, consider a hypothetical product with irregular (but committed) cash flows. | |
| Page 14 | | 711–771 |
| Page 15 | | 772–819 |
| Page 16 | | 820–871 |
| 1. To ensure that AER properly reflects a lower cash holding rate prior to investment | |
| 2. To extend the period before advertising needs to be updated with a new recalculated | |
| AER AER | |
| ACCOUNT | |
| Page 17 | | 872–921 |
| AER AER | |
| ACCOUNT | |
| Page 18 | | 922–969 |
| Page 19 | | 970–1017 |
| Page 20 | | 1018–1017 |