Annual Equivalent Rate (AER) Practice Note

The “Annual Equivalent Rate (AER) Practice Note” is published jointly by UK Finance and the Building Societies Association.

Please note that this Practice Note is for guidance only. Banks and building societies are free to reach their own conclusions on interpretation and, therefore, this document is intended primarily for the use of banks and building societies and their professional advisers.

Area of expertise:
Personal banking
Annual Equivalent Rate (AER) Practice Note

10.02.25

Guidance

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