Summary Box - Key Product Information for our Savings Account(s)
Account Name - e-SAVER Issue 5
|
Interest Rates
|
Account Balance
|
Gross*
|
AER†
|
Net#
|
Bonus
|
| (variable) | £1 - £1,000,000 | 3.01% | 3.01% | 2.41% | rate includes 1.36% unconditional bonus for 1 year |
| (variable) | £1 - £1,000,000 | 1.65% | 1.65% | 1.32% | no bonus payable |
Tax status
Tax will be deducted from your interest before it is paid into your account. If you are not a UK taxpayer and want to receive your interest without tax being deducted you will need to provide us with a completed R85 form.
Conditions for bonus payments
Unconditional
Withdrawal arrangements
You do not have to give notice. Any withdrawals must be made via the account linked with your e-Saver Issue 5 account. Your balance must not fall below the £1 minimum balance.
Access
This account can only be opened and managed online.
* Gross is the contractual rate of interest payable before the deduction of income tax at the rate specified by law.
† AER stands for Annual Equivalent Rate and illustrates what the interest rate would be if interest were paid and compounded once each year.
# Net is the rate of interest payable after the deduction of income tax at the rate specified by law.
