Savings & Investments
 

Regular Savings Account issue 2

  • Save £10 to £500 each month
  • Upto 2.50% gross p.a/AER.
  • £10 minimum investment and account balance 
  • £1,000,000 maximum investment and balance.
  • Variable Interest Rate.
  • Interest paid to the account on 31 December.
  • If you open your account on 1st January 2011 and save £100 on the 1st of each month for 12 months into our Regular Saver (Issue 2) and make no withdrawals, you would earn £16.32 gross interest on 31 December 2011 based on the current variable rate of 2.50% gross p.a./AER.
  • Please read the Key Product Information for this account before you apply. 

Qualifying for the bonus rate

You will receive interest at the bonus rate on 31 December each year if you:

  • Save from £10 to £500 each month and miss no more than one monthly payment between 1 January and 31 December – the account year.
  • Don’t make more than one withdrawal in the account year.

You will qualify for the bonus rate on closure if you:

  • Have missed no more than one monthly payment in the account year.
  • Haven’t made any previous withdrawals in the account year.
  • Even if you don’t qualify for the bonus rate, you will receive interest at the standard rate.
Annual Gross p.a./AER (variable)
Conditional Bonus Rate 2.50%
Standard Interest Rate 0.10%

Definitions of 'Gross' and 'AER' can be found in our glossary of terms.

How it works

Opening: Apply in branch or via the post. Open your account from £10
Pay money in: By Standing Order, CHAPS or in Branch
Take money out: Cash, Cheques or Chaps

 

Click here to take a look at our account terms brochure.

  • Regular Saver
  • Savings Promise 
  • Local Branch