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Savings & Investments
Albion 30
A 30 day notice account which offers the choice of having a high rate of interest paid either annually or monthly.
| Summary Box Key Product Information for our Savings Account(s) |
|
|---|---|
| Account Name | Albion 30 |
| 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 of a minimum of £100 are permitted without loss of interest providing you give 30 days written notice subject to the minimum operating balance of £5,000 being maintained. Withdrawals without 30 days notice are subject to 30 days loss of interest. Cash transactions are not permitted. |
| Access | Account can only be opened and operated by post. |
How much interest will I earn?
| Investment | Annual Interest % Gross§ p.a./AER† (Variable) |
|
|---|---|---|
| £100,000+ | 2.45 | |
| £50,000+ | 2.40 | |
| £25,000+ | 2.30 | |
| £5,000+ | 2.25 | |
| Investment | Monthly Interest (Variable) | |
| % Gross§ | % AER† | |
| £100,000+ | 2.20 | 2.22 |
| £50,000+ | 2.15 | 2.17 |
| £25,000+ | 2.05 | 2.07 |
| £5,000+ | 2.00 | 2.02 |
Rates correct as at 1 September 2010.
Other Product Features:
Minimum and maximum investment and operating balance:
The minimum investment and operating balance is £5,000 and the maximum investment and operating balance is £1,000,000 (£2,000,000 for joint accounts).
When is interest paid?
Interest is paid annually on 1 June, or monthly on the last working day of the month.
How is interest paid?
Annual 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. Monthly interest must be transferred either to another building society/bank account or to another account held with the Society.
