SUMMARY BOX
KEY PRODUCT INFORMATION FOR OUR SAVINGS ACCOUNT
|
Account name
|
Premier Instant.
|
Interest Rates (AERs)
|
The interest rate is variable and will be altered at the Society's discretion.
Interest is paid annually on the 31st December each year.
|
| Deposit |
AER*% |
Gross% |
NET% |
|
£100,000 -£200,000
|
0.05
|
0.05
|
0.04
|
|
£50,000 - £99,999
|
0.05
|
0.05
|
0.04
|
|
£25,000 - £49,999
|
0.05
|
0.05
|
0.05
|
|
£10,000 - £24,999
|
0.05
|
0.05
|
0.05
|
|
£5,000 - £9,999
|
0.05
|
0.05
|
0.04
|
|
£1,000 (minimum) - £4,999
|
0.05
|
0.05
|
0.04
|
Tax Status
|
Interest will be paid gross or net of tax**, depending on your status.
|
Conditions for Bonus Payments
|
Not Applicable.
|
Withdrawal Arrangements
|
An instant access account whereby withdrawals and closures are available immediately, without notice or penalty.
|
| Access |
Post, Branch or Agency.
|
Additional Information:
Invest any amount from £1,000 (minimum) - £200,000.
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 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 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%)
