Direct Saver terms and conditions
Minimum Opening Balance
£2500.00
Maximum Balance
£300,000.00
Restrictions on Withdrawals
Postal Account. Minimum withdrawal £250. Withdrawals will only be made by cheque payable to the account holder, or direct to the designated UK bank account by BACS, on receipt of signed withdrawal request, which will be actioned on receipt.
Restrictions on Deposits
Postal account. Deposits by cheque, BACS Transfer or Telegraphic Transfer only.
Interest Rate, Type & Frequency
Variable; calculated daily; capitalised annually on 31 December. Monthly interest option available
You need to be aware that
Interest rates will be no less than 0.75% below Bank Of England Base Rate. Some administration fees for non core services.
Other Benefits
Joint accounts are available. The first named customer will have membership rights.
Share Accounts are only available to individuals, not corporate entities.
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