• Easy or instant access
• Pays a monthly income direct to your bank account, except if the amount of monthly interest falls below £20.

• Available to customers aged 50 and over.
• For joint accounts both account holders will need to be over the age of 50.

Minimum initial investment required to open and operate the account:

• £1,000 minimum

Minimum/Maximum deposit:

• £10 minimum for Branch or Agency customers
• £100 minimum for accounts operated by telephone or post. 
• £500,000 maximum

• Cash and coins not accepted by post.

• No notice required
• Minimum withdrawal amount is £10 in Branch and Agencies
• For accounts operated by telephone or post the minimum withdrawal amount is £100.
• A withdrawal can be arranged by visiting your local Branch or Agency or, if you choose to operate your account by post and telephone, by writing to us using our Freepost service or telephoning us with your request.
• Any cheques deposited must be cleared before a withdrawal can be made on them. After paying in a cheque, you will not be able to make a withdrawal against the deposit until the sixth banking day following receipt.
• Should, for whatever reason, the account balance be reduced to less than £1,000 then the Society reserves the right either to close the account and return the funds to you at your registered address by cheque or pay an interest rate equivalent to the lowest tier on our Classic Gold account.

• Interest rates on this account are variable and interest is calculated on a daily basis
• Interest will be transferred to your bank or building society or another Stroud & Swindon on the first day of each month, commencing the 1st of the month after you open the account. If the first of the month falls on a Sunday or a Bank holiday, interest will be credited on the next working day.*
  *(If the amount of monthly interest falls below £20, the interest will be credited to the account)

• Interest will be paid or credited after deduction of income tax at the appropriate rate
• Non-taxpayers must first complete the appropriate HM Revenue & Customs declaration (R85) to qualify to have interest paid without deduction of tax (Please contact your local Tax Office if you are unsure about your eligibility for tax-free interest)

• On account opening choose to operate your account by Branch or Agency, or by telephone and post.
• Accounts operated by telephone and post will not be issued with a passbook. Any receipt and withdrawal instructions will be acknowledged by post and a statement will be sent on an annual basis, which will provide a record on your account transactions made during the year.
• Click here to view our full terms and conditions for this account.

• Go to our Apply for a Savings Account Page

This account is specifically for personal savers and is not available for business use.


Summary of accounts: