SUMMARY BOX
KEY PRODUCT INFORMATION FOR OUR SAVINGS ACCOUNT
|
|
Account name |
Premier Notice Issue 13. |
Interest Rates (AERs)
|
The interest rate is variable and will be altered at the Society's discretion.
Interest is calculated daily and paid annually on 31st December. |
| Deposit |
AER%* |
Gross% |
NET% |
|
£1,000 - £50,000 |
2.81 |
2.81 |
2.25 |
Tax Status
|
Interest will be paid gross or net of tax**, depending on your status. |
|
Conditions for Bonus Payments |
Not Applicable. |
|
Withdrawal Arrangements |
Withdrawals are available by providing 35 days notice. Up to 4 withdrawals are available in each calendar year. |
| Access |
Post, Branch or Agency. |
Additional Information:
You must read this leaflet in conjunction with the Terms and Conditions that set out further information relating to this account.
You may deposit any amount from £1,000 up to £50,000 in this account. Additional deposits will be accepted until 10th September 2010. The account is available for new funds only. Transfers of funds from existing Manchester Building Society accounts will not be accepted. If you have or had a Manchester Building Society account you may open a Premier Notice Issue 13 account as long as you have not made a withdrawal or closure from your account within the previous 21 days prior to application or deposit.
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 note that this account is a limited edition and we reserve the right to withdraw this account at any time and return applications should the account become oversubscribed. Only one account can be opened per person. Applicants must be aged 18 or over and permanently resident in the UK.
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 once each year. **Interest is payable gross subject to receipt of certification as required by HM Revenue & 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 in part from HM Revenue & Customs. Net rates are illustrative only and assume tax is accounted for at a rate of 20%. Where balances fall below the minimum (£1,000) for the account type, a variable interest rate currently 0.05% AER / gross will apply.
