30 Day Notice Saver
|
30 Day Notice Saver |
|
Min Investment Amount |
Investment Amount
(annual interest) |
Gross (%) |
AER (%) |
Net (%) |
|
£250 |
£50,000 plus |
2.20 |
|
1.76 |
|
|
£25,000 to £49,999 |
2.10 |
|
1.68 |
|
|
£10,000 to £24,999 |
2.00 |
|
1.60 |
|
|
£5,000 to £9,999 |
0.50 |
|
0.40 |
|
|
£2,000 to £4,999 |
0.15 |
|
0.12 |
|
£250 to £1,999 |
0.05 |
0.05 |
0.04 |
|
Min Investment Amount |
Investment Amount
(monthly interest) |
Gross (%) |
AER (%) |
Net (%) |
|
£250 |
£50,000 plus |
2.18 |
2.20 |
1.74 |
|
£25,000 to £49,999 |
2.08 |
2.10 |
1.66 |
|
£10,000 to £24,999 |
1.98 |
2.00 |
1.58 |
|
£5,000 to £9,999 |
0.50 |
0.50 |
0.40 |
|
£2,000 to £4,999 |
0.15 |
0.15 |
0.12 |
|
£250 to £1,999 |
0.05 |
0.05 |
0.04 |
|
|
|
|
Previous Rates - 30 Day Notice Saver |
|
Rates effective from 1st May 2009 |
|
|
If you are planning to save for a major purchase but can afford to give 30 days' notice then why not benefit from enhanced interest rates with our 30 Day Notice Saver account.
Features
- Enhanced rates of interest
- A choice of 30 days notice or a loss of 30 days gross interest for immediate withdrawals.
Age restrictions:
- Available to customers aged 16 years or over.
Minimum initial investment required to open and operate the account:
- £250 minimum
- £500,000 maximum
Minimum/Maximum deposit:
- £100 minimum
- £500,000 maximum
Restrictions on deposits:
- Cash and coins not accepted by post.
Withdrawals:
- For penalty free withdrawals 30 days notice is required
- Immediate withdrawals will incur a charge equivalent to 30 days gross interest on the amount withdrawn
- 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 £250 then the Society reserves the right either to close the account and return the funds to you at your registered addres by cheque or pay an interest rate equivalent to the lowest tier on our Classic Gold account, details of which are available in our 'Savings Accounts - Interest Rates' leaflet.
Interest:
- Interest rates on this account are variable and interst is calculated on a daily basis
- Credited annually to the account on 1st April
Tax:
- Interest will be paid or credited after deduction of income tax at the appropriate rate
- Non-taxpayers must first complete the appropriate Inland Revenue declaration (R85) (Please contact your local Tax Office if you are unsure about your eligibility for tax-free interest)
How do I open a 30 Day Notice Saver?
This account is specifically for personal savers and is not available for business use.
Summary of account:
|
Summary Box
Key Product Information for our 30 Day Notice Saver |
|
Account name |
30 Day Notice Saver |
|
Interest rates (AERs) |
Current rates are listed above. Interest rates are variable. |
|
Tax status |
Gross or net of income tax |
|
Conditions for bonus payment |
Not applicable |
| Withdrawal arrangements |
30 days notice or immediate access with 30 days gross loss of interest |
| Access |
Branch, Agency, telephone or post |
Net rates assume the lower rate of income tax of 20%. These figures are rounded and are for illustrative purposes only.
AER stands for Annual Equivalent Rate and illustrates what the interest rate would be if the interest was paid and compounded each year.
GROSS: The gross rate is the contractual rate of interest before the deduction of tax at the appropriate rate specified by law. Interest will be paid gross to non-taxpayers subject to the required HM Revenue and Customs certification (R85).