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Savings & Investments
Premium Access
Access plus a premium rate of interest - an uplifting combination
Good news - you don't have to tie up your money for a long period of time to enjoy a great rate of interest. With our Premium Access account, you can make up to five withdrawals a year, and you still get a good rate of interest.
| Summary Box Key Product Information for our Savings Account(s) |
|
|---|---|
| Account Name | Premium Access |
| Interest Rates (AERs) | See the "How much interest will I earn?" table below. |
| Tax Status | The gross rate(s) of interest shown will be payable net of the appropriate rate of income tax (which may be reclaimed by non-taxpayers) or, subject to the required certification, gross. |
| Conditions for bonus payment | There is no bonus available on this account. |
| Withdrawal arrangements | Access is limited to five withdrawals per calendar year without notice or loss of interest, subject to the minimum investment of £2,500 being maintained. If you make a sixth withdrawal during the calendar year, or your operating balance falls below £2,500, the account will be closed. |
| Access | Account can be opened and operated through any of our branches or by post. |
How much interest will I earn?
| Investment | Annual Interest % Gross§ p.a./AER† (Variable) |
|
|---|---|---|
| £100,000+ | 1.25 | |
| £25,000+ | 1.00 | |
| £2,500+ | 0.75 | |
| Investment | Monthly Interest (Variable) | |
| % Gross§ | % AER† | |
| £100,000+ | 1.00 | 1.00 |
| £25,000+ | 0.75 | 0.75 |
| £2,500+ | 0.50 | 0.50 |
Rates correct as at 1 September 2010.
Other Product Features:
Minimum and maximum investment and operating balance:
The minimum investment is £2,500 and the maximum investment is £1,000,000 (2,000,000 for joint accounts).
When is interest paid?
Interest is paid annually on 31 October, or monthly on the last working day of the month.
How is interest paid?
Annual interest can be either credited to the account or transferred to either another building society/bank account or to another account held with the Society. Monthly interest must be transferred either to another building society/bank account or to another account held with the Society.
