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'Gross' interest is the contractual rate of interest payable. 'AER' stands for the Annual Equivalent Rate, a notional rate which illustrates what the interest rate would be if paid and compounded on an annual basis.

© Newcastle Building Society. All Rights Reserved. Principal Office, Portland House, New Bridge Street, Newcastle upon Tyne, NE1 8AL. Newcastle Building Society is authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority. Newcastle Building Society is registered on the Financial Services Register under the firm reference number 156058.