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AER
The Annual Equivalent Rate is the rate of interest you should receive on savings – as long as you don't withdraw money from the account.
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Related articles
Bank of England cuts interest rates to historic low
The Bank of England today cut interest rates by 0.5 per cent to the lowest level in the 315-year history of the central bank.
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Nationwide, HSBC and Lloyds TSB SVRs cut
Mortgage lenders have started to respond to the interest rate cut from the Bank of England.
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Alliance & Leicester: New mortgages rates at 3.49%
Britannia: Cut price fixed-rate mortgages
Lloyds TSB and C&G make rate cut vow
Mortgage Works: 3.49% buy-to-let deal
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