Glossary

AER
AER stands for Annual Equivalent Rate and is the notional rate that illustrates the contractual interest rate (excluding any bonus payable) as if paid and compounded on an annual basis. (As every advert for a saving product will contain an AER you will be able to compare more easily what return you can expect from your savings over time.) The current AER is 0.10%.

Gross
Gross rate is 0.10% and is the contractual rate of interest payable before the deduction of income tax at the rate specified by law.

Net
Net rate is 0.08% and is the rate of interest which would be payable after allowing for the deduction of income tax at the rate specified by law. (All rates correct as at 11/02/2009).

Financial Services Compensation Scheme
AMC Bank Limited is a member of the Financial Services Compensation Scheme and the Financial Ombudsman Service. (Please note that due to the schemes eligibility criteria not all AMC Bank Limited customers will be covered by this schemes).

We are covered by the Financial Services Compensation Scheme (FSCS). The FSCS can pay compensation to depositors if a bank is unable to meet its financial obligations. Most depositors - including most individuals and small businesses - are covered by the scheme. In respect of deposits, an eligible depositor is entitled to claim up to £50,000. For joint accounts each account holder is treated as having a claim in respect of their share so, for a joint account held by two eligible depositors, the maximum amount that could be claimed would be £50,000 each (making a total of £100,000). The £50,000 limit relates to the combined amount in all the eligible depositor's accounts with the bank including their share of any joint account, and not to each separate account.

For further information about the scheme (including the amounts covered and eligibility to claim) please call us on 01264 360560, refer to the FSCS website www.FSCS.org.uk or call 020 7892 7300 or 0800 678 1100.

The Agricultural Mortgage Corporation PLC is a wholly owned subsidiary of the Lloyds TSB Bank plc. AMC Bank Limited is a wholly owned subsidiary of The Agricultural Mortgage Corporation PLC.

AMC Bank Limited Registered office: Charlton Place, Charlton Road, Andover, Hampshire SP10 1RE
Registered in England & Wales No. 1039896
Telephone: 01264 334344
Authorised and regulated by the Financial Services Authority

The Agricultural Mortgage Corporation plc is a wholly owned subsidiary of Lloyds TSB Bank plc. AMC Bank Limited is a wholly owned subsidiary of the Agricultural Mortgage Corporation plc. AMC Bank Limited is authorised and regulated by the Financial Services Authority.

AMC Bank Limited is a member of the Financial Services Compensation Scheme is established under the Financial Services and Markets Act 2000. Most deposits, including those made by individuals and small firms are protected by the scheme. Where you make a deposit to us in the UK, payments under the scheme are limited to 100% of the first £50,000 of your total deposits with us, resulting in a maximum payment of £50,000 (for claims against declared in default from 7 October 2008). The scheme also covers deposits made with our offices elsewhere in the European Economic Area, and deposits in all currencies are treated alike. A leaflet with further details is available from the scheme. Call their helpline on 020 7892 7300, log onto their website at www.fscs.org.uk or write to the Financial Services Compensation Scheme, 7th Floor Lloyds Chambers, Portsoken Street, London, E1 8BN.

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