Bonus 30
Our BONUS 30 account is designed for investors who require a higher return for annual or monthly income and flexible access to capital. As your savings rise the whole of your balance will automatically earn interest at the higher rate plus you can earn a bonus of 0.50% per annum if no more than two withdrawals of up to £10,000 each are made during the year (or initial period) ending 31 March.
You can apply to open this account online, by post, or at any of our branch and agency offices.
Summary Box - Key Product Information
| Account Name | Bonus 30 |
| Interest rates (AERs) | • The interest rates are tiered • The interest rates are variable – please click here to view the current interest rates |
| Tax Status | • Interest will be paid or credited after deduction of income tax at the appropriate rate, or gross subject to the required certification |
| Conditions for bonus payment | • A bonus of 0.50% is payable on 31 March each year if no more than two withdrawals of up to £10,000 each are made during the year (ending 31 March) |
| Withdrawal arrangements | • Two withdrawals are permitted of up to £10,000 each during the year, (ending 31 March) without notice or loss of interest or loss of bonus • Further withdrawals are subject to either 30 days notice, or on demand subject to 30 days loss of interest on the amount withdrawn and with loss of bonus • Any withdrawals must maintain the minimum balance required for the account |
| Access | • You can manage your account in branch, by post or online (if registered with our ‘My Accounts’ service) |
Additional Product Information
- Minimum balance for annual interest is £1,000
- Minimum balance for monthly interest is £5,000
- Maximum investment balance £500,000
- The bonus on a monthly income option account is paid on 31 March annually
- You can add to your savings at any time by cash, cheque, standing order or direct debit
Payment of Interest and Bonus
- Interest on the balance is calculated on a daily basis and will be paid to you after the close of business on the 31 March if you have opted for annual income or following the close of business on the last working day of each calendar month if you have opted for monthly income.
- If you have met the conditions of the account and qualify for a bonus, it will be included with the interest paid as at 31 March each year.
- The interest rates are variable but the bonus is fixed at 0.50% AER/ Gross per annum.
- For details of the current rates, please click here.
Making a Deposit
- Our General Terms and Conditions for Savings Accounts contains important information which you should read before investing or withdrawing funds.
- Adding to the account is easy because you can save by cash, cheque, standing order or regular credits by direct debit.
Making a Withdrawal
- This account is designed to give you a higher return if you leave your savings untouched.
- You can make two withdrawals of up to £10,000 each during the year (ending 31 March) without notice or loss of interest or loss of bonus, subject to maintaining the minimum balance.
- If annual interest and bonus have been added to the account and you subsequently withdraw them, this will be classed as a normal withdrawal. For this reason we recommend that you think carefully about having your interest and bonus paid to another account offering instant access.
- You may also withdraw any amount or close your account by giving 30 days written notice without loss of interest on the amount withdrawn (however you will lose the bonus).
- Alternatively you can withdraw any amount or close your account instantly with 30 days loss of interest on the amount withdrawn and you will lose the bonus.
- Withdrawals of up to £350 in cash per day and larger amounts by cheque may be made from any of our branches or agents on demand, subject to withdrawal limits.
It is important that you read the 'General Terms and Conditions for Savings Accounts' and the account specific Terms and Conditions before deciding to open an account.
>> Bonus 30 Terms and Conditions
>> General Terms and Conditions for Savings Accounts
>> Branch and Agency Withdrawal Limits
