Corporate Bonus 90 Terms and Conditions

Specific Terms & Conditions for the Corporate Bonus 90 Account

1.0 INTEREST AND BONUS
The interest is variable and calculated daily on the account balance.

1.1 Annual Interest Option
Interest, including any bonus earned, will be credited to your account or paid to 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 accounts withdrawal conditions described in this leaflet and our General Terms and Conditions for Savings Accounts.

For this reason you may wish to consider having your interest and bonus paid to another account offering instant access.

1.2 Monthly Interest Option
Interest (excluding bonus) can be paid monthly to a bank account or suitable Society account following the close of business on the last day of each calendar month. If you receive interest monthly, any bonus earned will be added to your account or paid out following the close of business on the 31 March each year.

2.0 WITHDRAWING YOUR SAVINGS
This account is designed to give you a higher return if you leave your savings untouched, if you make no withdrawals (this also applies to withdrawal of interest which has been added to your account) you will earn a bonus at the year end (31 March).

You can make two withdrawals of up to £10,000 each during the year (ending 31 March) without notice or loss of interest (however you will lose the bonus for that year) subject to maintaining the minimum balance. You may also withdraw any amount or close your account by giving written notice without loss of interest (you will lose your bonus).

Alternatively you can withdraw any amount or close your account instantly with loss of interest (and bonus) equivalent to 90 days on the amount drawn.

3.0 This account is not a share account and therefore has no Society membership rights.

4.0 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.