Premier Instant (Issue 9)


This account is suitable for customers who are 16 years of age or older, who like to operate their account through our Branch or Agency network. The account is instant access, so is ideal for short term saving.
 

Summary Box - Key Product Information

What is the interest rate?

  • 1.00 gross, 1.00% AER.

  • For 12 months from date of opening the account. After 12 months from the date of opening, this account will automatically transfer to an instant access account with a rate equivalent to the Lifestyle Instant account unless instructed otherwise.

  • Interest is calculated on a daily basis and will be credited to the account on 31st December annually. 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 balance be after 12 months on a £1000 deposit?

  • Based on the current rate of interest, if you deposited £1,000 in this account, after 12 months you would have £1,010.00

  • 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, applicants must be aged 16 and above.

  • To open an account, simply complete an application form, available from any Branch, Agency Office, or by contacting our Customer Support Department. Alternatively, the form can be downloaded from our website.

  • Minimum opening balance £1

  • Minimum operating balance £1

  • Maximum balance £20,000 (for any balances held in excess of this level, an interest rate of 0.05% gross will be paid).

  • Apart from the initial rollover from a previous Premier Instant account issue, transfers from existing Bath Building Society accounts are not allowed. All deposits should be from other financial institutions.

  • All receipts into the account must be paid in through a Branch or Agency Office only.

  • Customers will be contacted at least 14 days before the maturity date, and provided with re-investment options.

  • 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?

  • An instant access account, which means that you can make withdrawals from your account without notice or penalty by visiting a branch or agency office.

  • 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

  • Only one Premier Instant (Issue 9) can be opened by any individual during their lifetime.

  • This account is a limited issue and can be withdrawn without notice.

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

  • 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: August 2018

Further Information