Summary Box - Key Product Information for our Savings Account(s)
Account Name - Christmas Regular Saver Bond Issue 3
The Account Rate for this Bond is fixed until 25th November 2014, then reverts to the appropriate tier of our Instant Access Account (currently 0.10% Gross*/AER† variable).
We will pay interest net of basic rate tax as required by HMRC, unless you have provided us with a completed R85 form or non-written registration and Condition 41 of the General Conditions is complied with.
Conditions for bonus payments
No withdrawals permitted prior to 26 November 2014. If you close your Bond, you will receive interest at a rate equivalent to the bottom tier of our Instant Access Account (currently 0.10% Gross*/AER† variable).
You can open and operate in branch, online or by post.
* 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.