SUMMARY BOX
KEY PRODUCT INFORMATION FOR OUR SAVINGS ACCOUNT
|
Account name
|
Money By Mail 90 Monthly.
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Interest Rates (AERs)
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The interest rate is variable and will be altered at the Society's discretion.
Interest is paid monthly on the last working day of each calendar month.
|
| Deposit |
AER% |
Gross% |
NET% |
|
£100,000 - £250,000
|
3.96
|
3.89
|
3.11
|
|
£1,000 - £99,999
|
3.86
|
3.79
|
3.03
|
Tax Status
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Interest will be paid gross or net of tax*, depending on your status.
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Conditions for Bonus Payments
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Not Applicable.
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Withdrawal Arrangements
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Up to 12 withdrawals are available in each calendar year, subject to 90 days notice, or a penalty equivalent to 90 days loss of interest on the amount withdrawn. Where more than 12 withdrawals are made, the interest rate will revert automatically to that on our Premier Instant account for the remainder of the calendar year (full details available on request).
|
| Access |
Post or Branch.
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Additional Information:
Invest any amount from £1,000 - £250,000.
Interest can be credited to the account or paid out to your bank account according to your preference as indicated on the application form.
Please read this leaflet in conjunction with the
Terms and Conditions and
Identification Requirements
Please note that the Society reserves the right to withdraw the account at any time. Only one account can be opened per person. Applicants must be over the age of 18.
POINTS TO NOTE
AER stands for Annual Equivalent Rate and illustrates what the interest rate would be if interest was paid and added to the account each year. *Interest is payable gross subject to receipt of certification as required by HM Revenue and Customs, or net of income tax at the appropriate rate required by legislation. Non tax payers and lower rate tax payers may be able to reclaim this tax in full or part from HM Revenue and Customs. Net rates are illustrative only and assume tax is accounted for at a rate of 20%. Where balances fall below the minimum for this account type, the Paid Up Share rate will apply (currently 0.05%)
