Bonus 30 Terms and Conditions

Specific Terms & Conditions for Bonus 30 Account

1 – Investment Limits

The minimum investment is £1,000 for annual interest and £5,000 for monthly interest.

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 agency with your passbook and deposit. If it is more convenient you can post it or save through a standing order from your bank account. You can also make regular credits by direct debit.

3 - Withdrawals
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.

You may also withdraw any amount or close your account by giving written notice without loss of interest (however you will lose your bonus).                                  

Alternatively you can withdraw any amount or close your account instantly with 30 days loss of interest on the amount withdrawn (and loss of bonus).

Withdrawals are subject to the limits of the branch or agency you use. Details of our current 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 and Bonus
Interest is variable and calculated on a daily basis. The interest rates are tiered, so the more you save, the higher the rate of interest you receive.

4.1 Annual Interest Option
Interest, including any bonus earned, can be credited to your account or paid annually into a bank account (or suitable Society account) following the close of business on the 31 March each year. It should be noted that if interest is added to your account it becomes part of the ‘capital balance’. Once added, both annual interest and bonus are subject to the account's withdrawal conditions and our General Terms and Conditions for Savings Accounts. For this reason we recommend that you think carefully about having your interest and bonus paid to another account offering instant access.

4.2 Monthly Interest Option
Interest (excluding bonus) will be paid following the close of business on the last working day of each calendar month, and must be paid to a bank account or to another suitable Society account. If you have qualified for a bonus, it will be included with your March interest each year.

5 - 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.