Bonus 60
Our BONUS 60 account is designed for investors who require a higher return and flexible access to capital. In addition, you will receive an attractive unconditional bonus after the first 12 months, and a conditional bonus thereafter.
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 60 |
| Interest rates (AERs) | • 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 | • Fixed unconditional bonus of 1.00% payable after the first 12 months |
| Withdrawal arrangements | • All withdrawals are subject to either 60 days written notice without loss of interest, or on demand subject to 60 days loss of interest on the amount withdrawn • Within the first 12 months from account opening, you may make any number of withdrawals without loss of bonus • From month 13 onwards, two withdrawals are permitted during the year (ending 31 March) without loss of bonus. If you make more than two withdrawals during the year or period (ending 31 March), no bonus will be paid |
| Access | • You can manage your account in branch, by post or online (if registered with our ‘My Accounts’ service) |
Additional Product Information
- Minimum investment balance is £1,000
- Maximum investment balance is £500,000
- You can add to your savings at any time by cash, cheque, standing order or direct debit
Payment of Interest and Bonus
- The interest rate is variable and calculated on a daily basis. Interest will 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.
- Bonus rates are fixed and calculated on a daily basis.
- The unconditional bonus payment of 1.00% AER/Gross will be paid to you on the first anniversary of the date of the account being opened (i.e. 12 months from account opening).
- From month 13 onwards you will receive an annual conditional bonus payment of 0.75% AER/Gross following the close of business on the 31 March each year, provided you have met the account withdrawal condition within that period.
- 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
- All withdrawals are subject to either 60 days written notice without loss of interest, or on demand subject to 60 days loss of interest on the amount withdrawn.
- You may make an unlimited number of withdrawals within the first 12 months from the opening of the account without loss of bonus.
- From month 13 onwards from the date the account was opened, two withdrawals are permitted during the year (ending 31 March) without loss of bonus. However, if you make more than two withdrawals during the year or period (ending 31 March), you will lose the bonus.
- If both the interest and bonus have been added to the account and you subsequently withdraw them, they will be classed as a normal withdrawal and will be subject to the withdrawal conditions.
- 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 60 Terms and Conditions
>> General Terms and Conditions for Savings Accounts
>> Branch and Agency Withdrawal Limits
