Bath Building Society Direct 60 Account
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The following are solely postal accounts and cannot be operated via our Branch &
Agency network.

Account name

Direct 60 (Issue 3)

Interest rates

Variable Rate

(AER)

Interest Tier

Gross%

AER%

Net%

Annual/Monthly

Annual/Monthly

£1

2.60 / 2.57
1st 6 months

(2.10)

2.08 / 2.06
1st 6 months

1.60 / 1.59
2nd 6 months

(2.10)

1.28 / 1.27
2nd 6 months

1.60 / 1.59 thereafter

(1.60)

1.28 / 1.27
thereafter

Tax Status

Interest is paid net unless a gross registration form has been registered

Conditions for
bonus payment

Not applicable

Withdrawal
arrangements

• A charge equivalent to 60 days loss of gross interest on withdrawals if 60 days
notice is not given.
• Loss of Gross interest on withdrawals if 60 days notice not given
• Minimum withdrawal £250 - by cheque payable to the account holder or direct
to the designated UK bank account by BACS.

Access

Email/post/branch/agency


Only 1 Direct 60 (Issue 3) account can be opened by any individual during their lifetime.

Minimum opening balance £2,500

Minimum operating balance £1

Maximum balance £250,000 sole or £500,000 joint

Interest is calculated daily, and capitalised annually or transferred into another BIBS account on  the 31st December, or paid by BACS (cleared funds in 3 working days)

or if paid monthly, paid at month end, compounded or transferred into another BIBS account or  if paid by BACS (cleared funds in 3 working days)

Deposits by cheque, BACS Transfer or Telegraphic Transfer only.

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