Key Features
- Variable interest rate of 1.00% gross* p.a./AER**
- Minimum interest rate guarantee of 1.00% gross* p.a./AER**
- The maximum investment is £125,000
- No notice withdrawals
- Monthly savings options
- Operation by free, First Class Business Reply post
- View your account online via our Interactive facility (restrictions apply), request withdrawals and send secure messages
- £5 minimum balance required to keep account open
- Interest payable on 31 December
- Statements issued annually in January
- Voting rights available (1)
*We pay all savings interest gross, which means that no tax is deducted. It's your responsibility to pay any tax due, based on your individual circumstances. Tax rules may change in future.
**AER stands for Annual Equivalent Rate and provides a means of comparing interest rates by showing what the rate would be if interest was paid and added once a year.
1) Voting rights are available to those individuals aged 18 or over whose account balance was not less than £100 between the Society’s previous financial year end (or other date as specified in the rules) and the date of voting.
