Direct Access Share

Rate effective from 23 May 2008

Up to 4.95% Gross p.a. AER* (variable)

Key Features

• Open your account with as little as £1 and save up to £1,000,000

• Add to your savings by post or by direct credit from your bank account

• Open and operate your account online.

• Withdrawals available over the telephone without notice or penalty

• Withdrawals can be paid directly to your bank account

• Interest paid annually on 1 February

   

*Interest will be paid or credited after deduction of income tax at the lower rate of 20% or, subject to the required certification, gross. 

AER stands for Annual Equivalent Rate and illustrates what the annual rate would be if interest was compounded.  To achieve the advertised rate above a minimum balance of £50,000 is required.