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AER query??

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Old 16 July 2007, 02:47 PM
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CRAIGFIN
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Default AER query??

I'm not brilliant with monetry terms so can somebody clarify if the AER figures quoted for the account below is before or after tax is deducted?

I gather Gross is prior to tax being deducted and Net is after but I'm not sure what they mean for the AER column.

Abbey eSaver
Old 16 July 2007, 02:53 PM
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PeteBrant
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AER usually stands for "Annual Equivalent Rate".

I.e a percentage that if would apply if it were paid/subtracted annually
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