St. James's Place Bank : Important Information :

Interest Rates and Charges

Desk Lamp

Interest Rates and Changes

Personal Loan

Please note that it is no longer possible to apply for this product.

Interest Rates

Loan tier	Fixed APR
Ł1,000 - Ł2,999	18.9%
Ł3,000 - Ł4,999	15.9%
Ł5,000 - Ł9,999	10.9%
Ł10,000 - Ł25,000	9.9%

Credit Card

Please note that it is no longer possible to apply for this product.

Interest Rates

Annual Interest Rates	Introductory Rate	APR
Purchases	N/A	12.9%
Cash advance	N/A	14.6%

Fees and Charges

Item
Annual fee	Nil
Additional card	Nil
Exceeding credit limit	Ł12.00
Late payment	Ł12.00
Cash advance	1.5% of cash advance, min. Ł1.50
Failed payment	Ł12.00
Overseas transaction	2.95%

Charges for using your credit card abroad

If you use your credit card abroad and make transactions other than sterling, the amount of each transaction will be changed to sterling. We will use the market rate obtained by Visa International. We will charge a conversion fee 2.95% of the amount of each foreign currency transaction. The sterling amount shown on your statement will include this charge.

Current Account

Interest Rates +

Item	EAR*	AER**/Gross	Monthly interest Gross p.a
Credit Balance		2.25%	2.23%
Arranged overdraft	10.05%
Unarranged overdraft	25.25%

All rates shown are variable

# If, without agreement, your current account goes overdrawn or you go over your overdraft limit, we will charge you interest on the amount of your overdraft that has not been arranged at the rate that we set for unarranged overdrafts.

* EAR is the Equivalent Annual Rate. If we agree to let you have an overdraft, we will decide your overdraft limit and tell you what it is. Overdrafts are repayable on demand.

** AER stands for Annual Equivalent Rate and illustrates what the interest would be if interest was paid and compounded each year. The gross rate is the contractual rate of interest payable before the deduction of income tax at the rate specified by law (currently 20%). The net rate is the rate of interest payable after allowing for the deduction of income tax at the specified rate.

Unarranged overdrafts and payments you do not pay when you are meant to are not taken into account for the balance netting calculation.

Fees and Charges

Item	Charge	When is the fee collected	How often is the fee made
Cash withdrawal from LINK ATM	Nil	n/a	n/a
Copy of paid cheque	Ł5.00	on request	on request
Stopped cheque (except for lost or stolen cheque)	Ł7.50	on request	on request
CHAPS - same day electronic funds transfer between banks	Ł25.00	on request	on request
Unpaid item fee - when we decide to return unpaid any cheque, direct debit, standing order or other payment instruction because there are insufficient funds or no Arranged Overdraft to pay the transaction.	Ł30.00	On the last day of the next calendar month after the fee was incurred	Fee is charged per unpaid item. Standing orders and payment instructions are subject to 1 fee per day
Unarranged overdraft fee - this is charged when your current account goes overdrawn without a pre-arranged overdraft or when it exceeds an Arranged Overdraft.	Ł28.00	On the last day of the next calendar month after the fee was incurred	once a calendar month
Copy statements	Ł5.00	on request	on request
Overseas transaction	2.25% plus Ł1.50	on request	on request

Find out more about interest rates and charges

Charges for using your debit card abroad

If you use your debit card abroad and make transactions other than sterling, the amount of each transaction will be changed to sterling on the date we take it out of your current account facility. This may not be the same date that the transaction is carried out. We will choose the exchange rate which will always be a reasonable one. We will charge a conversion fee of 2.25% of the amount of each foreign currency transaction. We will also deduct a service charge of Ł1.50.

Savings

Interest Rates (variable) +

ST. JAMES'S PLACE BANK ISAVER	ANNUAL INTEREST		MONTHLY INTEREST
Amount	AER/Gross p.a.	NET p.a.	GROSS p.a.	NET p.a.
From Ł1 deposit	6.40%	5.12%	6.22%	4.98%

DIRECT ACCESS SAVINGS (DAS)	ANNUAL INTEREST		MONTHLY INTEREST
Amount	AER/Gross p.a.	NET p.a.	GROSS p.a.	NET p.a.
From Ł1 deposit	4.55%	3.64%	4.46%	3.57%

All rates shown are variable

We pay interest net of income tax (at the lower rate, currently 20%) unless your client has completed a registration form or made a declaration to comply with HM Revenue and Customs regulations. If your client is a higher rate taxpayer additional income tax is due on the interest we pay.

CASH ISA***	ANNUAL INTEREST	MONTHLY INTEREST
Amount	AER/Gross p.a.	GROSS p.a.
From Ł1 deposit	5.10%	4.98%

All rates shown are variable

We pay interest net of income tax (at the lower rate, currently 20%) unless you have completed a registration form or made a declaration to comply with HM Revenue and Customs regulations. If you are a higher rate taxpayer additional income tax is due on the interest we pay.

*** Cash ISA maximum deposit of Ł3,600 in the current tax year.

You should consider your income tax position when deciding which products to have in your St. James’s Place Bank offset Account, whether you wish to be paid interest on your savings each month or once a year and which option you want us to use for the balance netting calculation.

The St James's Place Bank Cash ISA is guaranteed to pay at least the Bank of England's base rate until 31st December 2008. If the Bank of England base rate moves up, the rate on the Cash ISA will change within one calendar month to at least the Bank of England base rate. The Bank of England's base rate can be monitored by checking www.bankofengland.co.uk

Fees and Charges

Item	Charge
Express Payment (also known as CHAPS) - same day electronic funds transfer between banks	Ł25.00
Copy statements	£5.00

Please note that it is no longer possible to apply for a TESSA - only ISA.

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