Affinity Account Terms and Conditions

Specific Terms and Conditions for the Affinity Instant Account

1 - Investment Limits
The minimum investment is £100 (or £10 if under 18). The maximum investment is £500,000.

2 – Further Investment
You may add to your savings at any time, just call into your local branch or agent with your passbook and deposit. If it is more convenient you can post it. You can also make regular credits by direct debit.

3 - Withdrawals
As this is a savings account, you are only allowed up to 150 withdrawals during each year (ending 31 March). If you make more than 150 withdrawals, or a withdrawal reduces the balance to less than the minimum balance required, we will write to you to close the account.

You can withdraw from your account without giving notice subject to the limits of the branch or agency you use. Details of our cash and cheque withdrawal limits are displayed in branches, available from our Head Office or click here to view our withdrawal limits.

You can also make withdrawals by electronic transfer using the 'My Accounts' system. Online withdrawals using the 'My Accounts' system are subject to further terms and conditions. 

4 – Interest
Interest is variable and calculated on a daily basis on the balance in the account. Interest can be credited to the account or paid annually into a bank account (or other suitable Society account) following the close of business on 31 March each year.

5 – Affinity Partner
The Affinity Partner will receive the equivalent of 1% (fixed) of the balance on your account, calculated on a daily basis and payable at the end of each year (31st March) in arrears.

6 – Terms and Conditions
These Specific Terms and Conditions apply to this Account in addition to our General Terms and Conditions for Savings Accounts. Where there is any inconsistency between the General Terms and Conditions for Savings Accounts and the Specific Terms and Conditions, the Specific Terms and Conditions will apply.