Account name |
Wessex |
|
|
|
Interest rates |
Variable Rate |
|
|
|
(AER) |
Interest Tier |
Gross% |
AER% |
|
|
|
Annual/Monthly |
|
Annual/Monthly |
|
£75,000+ |
1.45 / 1.44 |
(1.45) |
|
|
£50,000+ |
0.75 / 0.75 |
(0.75) |
0.60 / 0.60 |
|
£20,000+ |
0.55 / 0.55 |
(0.55) |
0.44 / 0.44 |
|
£10,000+ |
0.40 / 0.40 |
(0.40) |
0.32 / 0.32 |
|
£1,000+ |
0.30 / 0.30 |
(0.30) |
0.24 / 0.24 |
|
£1+ |
0.10 / 0.10 |
(0.10) |
0.08 / 0.08 |
Tax Status |
Interest is paid net unless a gross registration form has been registered |
Conditions for
bonus payment
|
Not applicable
|
|
|
|
Withdrawal |
• £50,000 worth of Instant withdrawals permitted each calendar year without |
Arrangements |
penalty provided account balance remains over £75,000 |
|
|
• 60 days notice required or a charge of 60 days’ interest on all other withdrawals |
|
• Maximum cash withdrawal on demand £500 per day |
|
|
• Maximum cheque withdrawal on demand is subject to branch/agency signing limits |
Access |
Email/phone/post/branch/agency |
|
|
|
Minimum opening balance £75,000
Minimum operating balance £1
Maximum balance £250,000 sole or £500,000 joint
Interest is calculated daily and can be capitalised annually, or paid into another BIBS account on 31st December, or paid to your bank account by BACS* at year end
Or if the monthly option is taken, interest can be paid to your bank account by BACS* at month end, compounded or paid into another BIBS account
*(cleared funds in your bank account 3 working days after the period end).
Tiered and varies according to the balance maintained. |
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