Key Features
- Save from £5,000 to £1,000,000
- Add to your savings by post or by direct credit from your bank account
- Open and operate your account online.
- Withdrawals available with no penalty after 90 days notice
- Immediate withdrawals available subject to the loss of 90 days interest on the amount withdrawn
- Withdrawals can be paid directly to your bank account
- Interest paid annually on 1 June or monthly at a reduced rate
*Interest will be paid or credited after deduction of income tax at the lower rate of 20% or, subject to the required certification, gross.
*AER stands for Annual Equivalent Rate and illustrates what the annual rate would be if interest was compounded.
To achieve the advertised rate above a minimum balance of £50,000 is required with interest being paid on an annual basis.