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INTEREST RATES FROM 1st August 2007 |
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NEW MEMBERS MUST INVEST
& MAINTAIN A MINIMUM BALANCE OF £500. |
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| GROSS AER | GROSS | NET | |
| (Previous rates to 31/07/2007 are shown in brackets) | |||
| SPECIAL SHARES (16010) | |||
| For investments of £100,000 or more | 5.94% (5.68%) | 5.85% (5.60%) | 4.68% (4.48%) |
| For investments of £75,000 or more | 5.78% (5.52%) | 5.70% (5.45%) | 4.56% (4.36%) |
| For investments of £40,000 or more | 5.31% (5.05%) | 5.24% (4.99%) | 4.19% (4.00%) |
| For investments of £25,000 or more | 4.932% (4.67%) | 4.87% (4.62%) | 3.90% (3.70%) |
| For investments of £10,000 or more | 4.35% (4.09%) | 4.30% (4.05%) | 3.44% (3.24%) |
| For investments of £500 or more | 3.79% (3.53%) | 3.75% (3.50%) | 3.00% (2.80%) |
| £500 minimum.Sixty days' written notice of withdrawal with full interest. Withdrawals at one day's written notice with sixty days' loss of interest on sum withdrawn. Withdrawals may be made at one day's written notice and without penalty provided the balance REMAINING in the account after withdrawal is not less than £10,000. | |||
| BENEFIT SHARES (20010) | |||
| For investments of £40,000 or more | 5.33% (5.07%) | 5.26% (5.01%) | 4.21% (4.01%) |
| For investments of £25,000 or more | 5.03% (4.78%) | 4.97% (4.72%) | 3.98% (3.78%) |
| For investments of £10,000 or more | 4.43% (4.17%) | 4.38% (4.13%) | 3.50% (3.31%) |
| For investments of £500 or more | 3.89% (3.63%) | 3.85% (3.60%) | 3.08% (2.88%) |
| £500 minimum. Ninety days' written notice of withdrawal with full interest. Withdrawals at one day's written notice with sixty days' loss of interest on sum withdrawn. Withdrawals may be made at one day's written notice and without penalty provided the balance REMAINING in the account after withdrawal is not less than £10,000. | |||
| OVERSEAS RESIDENTS (15010) & CHARITIES ACCOUNT (28010) [BOTH CLOSED FOR NEW ACCOUNTS] | |||
| For investments of £40,000 or more | 5.27% (5.01%) | .5.20% (4.95%) | Paid Gross |
| For investments of £10,000 or more | 4.24% (3.99%) | 4.20% (3.95%) | Paid Gross |
| For investments of £500 or more | 3.23% (2.97%) | 3.20% (2.95%) | Paid Gross |
| £500 minimum. Sixty days' written notice of withdrawal with full interest. Withdrawals at one day's written notice with sixty days' loss of interest on sum withdrawn. Withdrawals may be made at one day's written notice and without penalty provided the balance REMAINING in the account after withdrawal is not less than £10,000. | |||
| MONTHLY INCOME SHARES (12010) | |||
| For investments of £40,000 or more | 5.33% (5.06%) | 5.20% (4.95%) | 4.16% (3.96%) |
| For investments of £25,000 or more | 4.95% (4.69%) | 4.84% (4.59%) | 3.87% (3.68%) |
| For investments of £10,000 or more | 4.28% (4.02%) | 4.20% (3.95%) | 3.36% (3.16%) |
| For investments of £2,500 or more | 3.75% (3.49%) | 3.69% (3.44%) | 2.95% (2.76%) |
| £2,500 minimum. Interest is paid monthly by the 10th day of each month. Thirty days' written notice of withdrawal with full interest. Withdrawals at one day's written notice with thirty days' loss of interest on sum withdrawn. | |||
| REGULAR SAVINGS (21010) | |||
| £50 minimum per month | 4.75% (4.50%) | 4.75% (4.50%) | 3.80% (3.60%) |
| Interest is added annually on 31st March and the quoted rate includes a bonus for regular payments. One withdrawal during the year is permitted. If you do not comply with these terms the Easy Access account rate for investments up to £500 will apply. | |||
| EASY ACCESS (19010, 11010, 14010 or 18010) | |||
| For investments of £25,000 or more | 4.76% (4.50%) | 4.70% (4.45%) | 3.76% (3.56%) |
| For investments of £10,000 or more | 4.24% (3.99%) | 4.20% (3.95%) | 3.36% (3.16%) |
| For investments of £2,500 or more | 3.73% (3.48%) | 3.70% (3.45%) | 2.96% (2.76%) |
| For investments of £500 or more | 3.23% (2.97%) | 3.20% (2.95%) | 2.56% (2.36%) |
| For investments up to £500 | 3.17% (2.92%) | 3.15% (2.90%) | 2.52% (2.32%) |
| New accounts £500 minimum. Penalty free withdrawals. | |||
| YOUNG SAVER (from birth to 23rd birthday) (17010 or 27010) | |||
| For investments from £10.00 to £25,000 | 5.75% (4.85%) | 5.75% (4.85%) | 4.60% (3.88%) |
| MINI CASH ISA (25010) & TESSA ISA (24010) [both CLOSED for new accounts] | |||
| For investments of £3,000 or more | 6.05% (5.80%) | 6.05% (5.80%) | Tax Free |
| £500 minimum | 4.80% (4.55%) | 4.80% (4.55%) | Tax Free |
| Sixty days' written notice of withdrawal with full interest. Immediate withdrawals - Sixty days' loss of interest on the sum withdrawn. Interest added annually on 31st March. | |||
BANK OF ENGLAND BASE RATES for the preceding 12 months: 4.8.05 - 2.8.06 4.50%; 3.8.06 to 8.11.06 4.75%; 9.11.06 to 10.1.07 5.00%. 11.1.07 to 9.5.07 5.25%; 10.5.07 to 6.7.07 5.50%; 7.7.07 to date 5.75% |
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SEE YOUR PASSBOOK AND INTEREST STATEMENTS FOR THE TYPE OF ACCOUNT (THE PREFIX OF WHICH IS SHOWN IN BRACKETS ABOVE) AND THAT IT MEETS YOUR REQUIREMENTS |
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AVAILABLE IN POST OR IN PERSON OR VIEW THIS WEBSITE |
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| AER: This is the annual equivalent rate if interest is credited to the account. Except where stated, interest is paid or added on 30th September and 31st March. Interest rates are variable. Variations are publicised in selected Newspapers and a list is available on request. Interest will be paid or credited after deduction of income tax at the lower rate of 20% or, subject to the required certification, gross. | |||
| Authorised and regulated by the Financial Services Authority Member of the Building Societies Association | |||