• Instant or easy access to your savings with no penalties for withdrawals
• £500 minimum investment for monthly and annual interest.

• Available to customers aged 16 or over.

Minimum initial investment required to open and operate the account:

• £500 minimum

Minimum/Maximum deposit:

• £100 minimum
• £500,000 maximum

• Cash and coins not accepted by post

• No notice required and no loss of interest
• 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 or 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 £500 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
• Credited annually to the account on 1st November or paid monthly at midnight on the first day of each month commencing 1st of the month after you open the account.
• Monthly interest can be transferred to another account that you may have with us, or directly into your bank or building society account or credited to your Bonus Guarantee account, provided that your balance does not fall below £500. If the first of the month falls on a Sunday or 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 and 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.)

• An account can be opened in single or joint names but is restricted to one account per customer.
• 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.

• Download an Application Form here

Send your completed application and investment cheque to:

Stroud & Swindon Direct
PO Box 148
Stroud
Gloucestershire
GL5 3YL