Easy access account - issue 74

Rates effective 26 September 2024:

*Gross p.a. is the rate of interest paid without the deduction of tax per annum. Please note that the automatic deduction of tax on savings interest ceased with effect from 6 April 2016. AER stands for Annual Equivalent Rate and illustrates what the interest rate would be if interest was paid and compounded once each year. As every advertisement for a savings product will contain an AER you will be able to compare more easily what return you can expect from your savings over time.

Where interest is payable, it is calculated daily and can be credited to the account or transferred to your nominated account. Monthly interest is calculated on the basis that each month last 30.416 days (365 days divided by 12 months)

Where payable, annual interest is paid on 5 April each year and monthly interest is paid on the last working day of each month.

The interest rate on this account is variable and can change at any time. Up to date information on our interest rates can be found on our interest rates page, in branch or by calling our head office.

For full details of interest rate changes, please refer to Condition 28 of our General Savings Terms and Conditions.

These projections are based on interest being credited to the account, no interest rate changes, no withdrawals and no additional deposits.

The above projections are provided for illustrative purposes only and do not take into account individual circumstances.

This account can be opened and operated online** or in branch.

Additional deposits can be made by cash (only available in branch), cheque or bank transfer. We do not accept deposits by debit card into your account.

**Subject to eligibility. Please refer to our Online services terms and conditions.

Withdrawals are permitted without notice or penalty.

If you have registered to operate your account online, simply log in and request your withdrawal to your nominated account^†.

If you hold a branch account, take your passbook and a form of ID to your local branch and a member of our team will action your request.

There are different payment cut-off times depending on the method of withdrawal you require. For further details please visit our withdrawals page or call our Head Office.

^†Your nominated account must be a UK Bank/Building Society current account held in your name.

We pay interest without deducting income tax, unless HM Revenue and Customs (HMRC)/the law requires otherwise. However, depending on your personal circumstances, you may be liable to pay income tax on the interest you have earned.

Please visit www.gov.uk for further information.