Corporate Direct 30 Terms and Conditions

Specific Terms and Conditions for the Corporate Direct 30 Account

1 - Investment Limits
The minimum investment is £5,000. The maximum investment is £500,000.

2 - Further Investment 
You may add to your savings at any time, but any further deposits are only permitted via cheque, direct debit, standing order or by direct transfer from a UK bank account.  

3 - Withdrawals 
Withdrawals can only be made to a nominated bank account in the name of the organisation by electronic transfer using the 'My Accounts' service.

Online withdrawals using the 'My Accounts' system are subject to further terms and conditions.

If you make a withdrawal which results in the remaining balance of your account falling into a lower tier of interest, you will receive that lower rate of interest from the date of withdrawal. A maximum of two BACS withdrawals are permitted each month free of charge. Any further withdrawals by BACS transfer will be charged £1 per withdrawal, with the fee being debited from your account balance.

Withdrawals are subject to either 30 days notice, or on demand subject to 30 days loss of interest.

4 - Interest
Interest is variable and calculated on a daily basis on the balance in the account. Interest will be credited to the account following the close of business on 31 March each year.

5 - Membership Rights
This account is not a share account and therefore has no Society membership rights.

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.