Key Features

• Variable interest rate of 1.60% gross* p.a./AER**
• Available to small groups and charities
• No notice withdrawals
• £25 minimum balance required to keep account open
• Maximum investment is £500,000
• Interest payable on 31 December
• Statements issued annually in January
• This Deposit account has no voting rights
• Limited to one account per group/charity

*Gross is the interest rate without the tax deducted.

**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.