• Operated by post only
• No notice required for withdrawals
• Benefit from a guarantee that the rate will be at least 0.25% gross above the published Bank of England base rate until 30th September 2010
• Monthly income option.

Age restriction:

• Available to customers aged 16 or over.

Minimum/Maximum deposit:

• £100 minimum - cash payments cannot be accepted by post.
• £500,000 maximum

• No notice required
• Minimum withdrawal amount is £100
• Withdrawals will be sent by cheque only.
• A withdrawal can be arranged by writing to us using our Freepost service with your request. You will be sent a letter to confirm your request together with a cheque for the amount you wish to withdraw. This is usually despatched within 24 hours of 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, details of which are available in our 'Savings Accounts - Interest Rates' leaflet.

• Interest rates on this account are variable and interest is calculated on a daily basis
• Credited annually to the account on 1st April or if you prefer, paid monthly at midnight on the first day of each month commencing first 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 Stroud & Swindon Postal Account, provided that your balance does not fall below £1,000. If 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.)

• This account 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 of your account transactions made during the year.
• Please read our full terms and conditions for this product.
  

• Download an Application Form here

Send your completed application and investment cheque to:

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