Minimum opening balance £2500

Minimum operating balance £1

Maximum balance £250,000

Interest is calculated on a daily basis and will be credited monthly on last day of the month

Interest can be compounded, transferred into another BIBS account or paid by automated transfer into a nominated bank account. (cleared funds in 3 working days currently).

After 12 months from date of opening, this account will automatically transfer to a Direct Saver account (see separate account detail) unless instructed otherwise. Notice of expiry of the 12 month period will be advised at least 28 days in advance. Only one Direct 60 (Issue 5) account can be opened by any individual during their lifetime.

This account is a limited issue and can be withdrawn at anytime

Applicants must be aged 18 and above