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Summary Box - Over 60s' Account (Issue 2) |
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Key Product Information | Account Name | Over 60s' Account (over 60 years only) | Interest Rates (AERs) | Variable rate paid annually or monthly, click here to view our rates | Tax Status | Gross or Net* | Conditions for bonus payment | N/A | Withdrawal arrangements | Instant access (subject to daily withdrawal limits) | Access | Branch or Postal |
*Net: Interest on investments and savings amounts is payable net of income tax, which means after the deduction of income tax at the lower rate of 20%, or subject to the required registration gross. Terms of Investment - The minimum age of applicants is 60 years of age
- The minimum initial investment and account balance is £1.00
- The maximum investment and account balance is £350,000 per investor
- Additional investments are allowed
- Immediate access for withdrawals subject to the required minimum balance
- Interest earned on a daily balance and credited/paid monthly or annually on 30th June
- Download an application form by following this link <<application form>>
Follow this link to read important information about compensation arrangements
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