Summary Box - Key Product Information for our Savings Account(s)
Account Name - e-SAVER Issue 12
|Variable||£1 - £1,000,000||1.00%||1.00%||0.80%
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 or non-written registration with us and comply with the other requirements of Condition 41 of the General Conditions.
Conditions for bonus payments
You do not have to give notice. Any transfers out must be made to the account linked with your e-Saver Issue 12 account. Your balance must not fall below the £1 minimum balance.
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.
Service Charges and Cost Related Charges may apply to your account, these are outlined in our “Tariff of Charges” leaflet, which is available online and in branch.
Variable account rates could increase or decrease. Customers will be given personal notification of any material reduction in interest rates a reasonable time before the change takes effect or, if the Account is a payment services
account, 60 days before the change takes effect. To understand why rates may be reduced please refer to page 12 of the Savings Terms and Conditions.
In certain circumstances we may refuse an instruction to operate an account. These circumstances are outlined on page 5 of the Savings Terms and Conditions.