AER

The Annual Equivalent Rate represents the annual rate effectively received by a customer if the interest, at the gross rate applied during a year, remained in the account and itself earned interest. As every advert for a savings product, where a rate is displayed, will contain an AER, you will be able to compare more easily the return you can expect from your savings over time.

Gross

The rate of interest paid without deduction of tax to eligible non-taxpayers.

Net

This is the Gross rate less tax (currently 20%)