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
- Up to twelve withdrawals per calendar year 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.