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 electronic transfer to a nominated bank account
or if paid monthly, paid at month end, compounded or transferred into another BIBS account or if paid by electronic transfer to a nominated bank account
Interest is guaranteed to be no more than 0.75% below the Bank of England base rate.
Deposits by cheque, electronic transfer or Telegraphic Transfer only.
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