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SAYE savings rate changes

On and with effect from 27 December 2014, the prescribed rates of interest on SAYE share options fell once more to nil for both three- and five-year savings contracts.

After a brief rise in the past six months to a monthly bonus rate of 0.06 x monthly payments for five year savings contracts (equivalent to an effective interest rate of 0.39% annually) this represents a return to the nil interest rates which have prevailed for SAYE savings contracts since August 2012, in line with continuing low interest rates in the market.

Revised prospectuses governing the terms of savings contracts have been issued.