FAQs Savings What is AER?

Frequently asked questions

Q: What is AER?

AER stands for Annual Equivalent Rate. It shows how much interest you’d earn on your savings over a year. The AER varies across savings accounts. So, you can compare the AER of each one to decide which account would be best for you. A higher AER could mean a bigger return on your savings.

What is AER?

AER stands for Annual Equivalent Rate. It shows how much interest you’d earn on your savings over a year.

The AER varies across savings accounts. So, you can compare the AER of each one to decide which account would be best for you. A higher AER could mean a bigger return on your savings.

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