| Summary Box - Key Product Information for our
Savings Account(s) |
| Account Name |
Instant Access account |
| Interest rates (AER) |
Account balance |
Gross* p.a./AER** |
Net# p.a |
| £50,000 plus |
0.10% |
0.08% |
| £20,000-£49,999 |
0.10% |
0.08% |
| £1-£19,999 |
0.10% |
0.08% |
| Tax Status |
Tax will be deducted from your interest before it's
paid into your account. If you are not a UK taxpayer, you'll need
to fill in an R85 form so we can pay your interest without
deducting tax. |
| Conditions for bonus payments |
Not applicable. |
| Withdrawal arrangements |
You don't have to give notice. You can withdraw
from £1 to £500 in cash from your branch, or up to £120,000 by
cheque as long as you don't fall below the £1 minimum balance. |
| Access |
In branch |
How do I apply?
|
|
You can either visit your
local branch to apply or click the 'Apply Now' button below and
complete an application online.
|
 |
Product features and benefits
|
- £1 minimum balance.
- Interest paid annually on 1 January.
- Interest can be paid into the account, into any other
Principality account or into another bank or building society
account.
- Variable rate.
|
How do I withdraw money?
Again, it's simple with an Instant Access account. As long
as you have enough money in your account, you can use your account
passbook to withdraw any amount between £1 and £500 in cash from
your local branch. You can withdraw up to £120,000 by cheque
instantly too, as long as you have enough in your account to cover
it. For amounts over £120,000, we'll need to process the amount at
our Head Office, so it will take a little longer.
* Tax-free means to interest you
earn is exempt from UK Income and Capital Gains Tax.
** AER stands for Annual
Equivalent Rate and illustrates what the interest rate would be if
interest was paid and compounded once each year.
~ You can only invest up to £3,600
in the 2009/10 tax year and that includes any money you
withdraw.
+ Transfers must be to an ISA of the
same type. You cannot transfer from a Stocks and Shares ISA to a
Cash ISA.