Secure Online Services
Savings & Investments
Albion Web Saver
Our Albion Web Saver account allows you to manage your money over the Internet, which means you can check your balance and transfer money to other accounts at anytime¹, all you need is access to the Internet and an email address.
| Summary Box Key Product Information for our Savings Account(s) |
|
|---|---|
| Account Name | Albion Web Saver |
| Interest Rates (AERs) | See the "How much interest will I earn?" table below. |
| Tax Status | The gross rate(s) of interest shown will be payable net of the appropriate rate of income tax (which may be reclaimed by non-taxpayers) or, subject to the required certification, gross. |
| Conditions for bonus payment | There is no bonus available on this account. |
| Withdrawal arrangements | Unlimited withdrawals can be made by BACS to your Nominated Account(s) without notice or loss of interest, subject to the minimum operating balance of £100 being maintained. If the account balance falls below £100 at any time, the account will be closed. |
| Access | Account can only be opened and operated online. |
How much interest will I earn?
| Investment | Annual Interest % Gross§ p.a./AER† (Variable) |
|---|---|
| £100,000+ | 2.25 |
| £50,000+ | 1.80 |
| £25,000+ | 1.75 |
| £10,000+ | 1.70 |
| £2,500+ | 1.35 |
| £100+ | 0.05 |
Rates correct as at 1 September 2010.
Other Product Features:
Minimum and maximum investment and operating balance:
The minimum investment and operating balance is £100 and the maximum investment and operating balance is £1,000,000 (£2,000,000 for joint accounts).
Please note: Additional funds into the account will only be accepted whilst the account remains open for new investment.
When is interest paid?
Interest is paid annually on 1 June (commencing 1 June 2011).
How is interest paid?
Interest can either be credited to the account or transferred either to another building society/bank account or to another account held with the Society.
