Annual interest rate of: 2.00% Gross§ p.a./AER† (Variable)
Monthly interest rate of: 1.75% Gross§/1.76% AER† (Variable)
The account will require at least one direct pension credit to be paid into the account each month. However, lump sums up to the maximum investment and operating balance can also be added whilst the issue remains open for further investment.
The Flexible Freedom account is operated through your local branch or by post. Visiting your local branch also brings you all the benefits of our professional, friendly service. Every time you drop into your local branch we’ll be happy to give you advice on your account - no appointment required!
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| Summary Box Key Product Information for our Savings Account(s) |
|
|---|---|
| Account Name | Flexible Freedom |
| Interest Rates (AERs) | Annual Interest Monthly Interest |
| 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. The tax treatment depends on the individual circumstances of each customer and may be subject to change in the future. |
| Conditions for bonus payment | There is no bonus available on this account. |
| Withdrawal arrangements | Unlimited withdrawals can be made without notice or loss of interest subject to the minimum operating balance of £500 being maintained. In the event that the balance falls below the minimum operating balance, the basic investment rate of interest, which is currently 0.05% Gross§ p.a. /AER† (variable), shall apply. |
| Access | Account can be opened and operated through any of our branches or by post. |
Rates correct as at 1 September 2012.
The minimum investment is £500 and the maximum investment is £1,000,000 (£2,000,000 for joint accounts) plus accrued interest credited to the account. One direct pension credit must be paid into the account each month. In the event that the balance falls below the minimum operating balance, the basic investment rate of interest, which is currently 0.05% Gross§ p.a. /AER† (variable), shall apply.
Interest is paid annually on 1 September or monthly on the last working day of the month.
Annual interest can be either added 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.
The account will require at least one direct pension credit to be paid into the account each month.
Sorry but this product is no longer available.
Find out what other Savings accounts are available »
§ Gross means the 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 was paid and added each year.
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