Lifestyle 30


This account is suitable for customers who are happy to deal with the Society through our Branch and Agency network, but has a notice period in respect of withdrawals. As a result of the notice period required, the account pays a higher rate of interest than the instant access account.

 

Summary Box - Key Product Information

What is the

interest rate ?

  • 0.30% gross,  0.30% AER

  • Interest is calculated on a daily basis and will be credited to the account annually on 31st December. Alternatively, interest can be transferred into another Bath Building Society account, or paid by faster payment into a nominated account if preferred.

Can Bath Building Society change the interest rate?

  • The interest rate is variable, which means we reserve the right to change it to reflect market conditions, to comply with legal or regulatory guidelines or for any reason we deem to be appropriate.

  • We will give you 30 days’ notice in writing before any reduction to the rate is applied.

  • Full details of the reasons why we may change your interest rate can be found in the General Terms and Conditions leaflet, under Section 7.

What would the estimated balance be after 12 months based on a £1,000 deposit?

  • Based on the current rate of interest, if you deposited £1,000 in this account, after 12 months you would have £1,003.

  • This figure is only an estimate, based on there being no additional deposits, withdrawals or rate changes in that time with all interest being added to your account. This figure is for illustrative purposes only.

How do I open and manage my account?

  • Available for UK residents only.

  • To open an account, simply complete an application form, available from any branch, agency office, or by contacting our Customer Support Department. Alternatively, this can be  downloaded from our website.

  • Minimum opening balance £1,000

  • Maximum balance £100,000 (for any balances held in excess of this level, an interest rate of 0.05% gross will be paid).

  • Minimum operating balance £1.

  • A passbook is issued with this account.

  • It is also possible to view all the accounts you hold with Bath Building Society by registering through our website www.bathbuildingsociety.co.uk

Can I withdraw money?

  • You will need to give 30 days’ notice of your intention to withdraw funds. We will make a charge equivalent to 30 days’ gross interest on all withdrawals if 30 days’ notice is not given. This charge may be taken from the capital investment.

  • Maximum cash withdrawal on demand £500 per day.

  • Maximum cheque withdrawal on demand is £50,000 at a Branch and £15,000 through an Agency office.

  • Alternatively, withdrawals can be made direct to a designated UK bank account by next day faster payment.

Additional Information

  • Applicants are asked to confirm that they have read the FSCS information and exclusion sheets.

  • This account is a limited issue and can be withdrawn without notice.

  • This is a summary of the key features of the account. You should read both the Savings Accounts and General Terms and Conditions leaflets to ensure you fully understand how your account works.

Version: November 2016

Further Information