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Albion Saver
An instant access branch based account with unlimited, penalty free withdrawals via cheque and transfer only.
It has been designed to provide a simple way of saving from the convenience of your own home. You'll enjoy high rates of interest and easy access to your investment, without notice or penalty.
| Summary Box Key Product Information for our Savings Account(s) |
|
|---|---|
| Account Name | Albion Saver |
| Interest Rates (AERs) | See the "How much interest will I earn?" table below. |
| Tax Status | The gross rate(s) of interest shown will be payable net of the appropriate rate of income tax (which may be reclaimed by non-taxpayers) or, subject to the required certification, gross. |
| Conditions for bonus payment | There is no bonus available on this account. |
| Withdrawal arrangements | Unlimited penalty free withdrawals can be made, via cheque and transfer only |
| Access | Account can be opened and operated through any of our branches or by post. |
How much interest will I earn?
| Investment | Annual Interest % Gross§ p.a./AER† (Variable) |
|---|---|
| £100,000+ | 2.25 |
| £50,000+ | 1.80 |
| £25,000+ | 1.75 |
| £10,000+ | 1.70 |
| £2,500+ | 1.35 |
Interest rates effective from 22 October 2009
Other Product Features:
Minimum and maximum investment and operating balance:
The minimum investment is £2,500 and the maximum investment is £1,000,000 (£2,000,000 for joint accounts).
When is interest paid?
Interest is paid annually on 1 June.
How is interest paid?
Annual interest can be either added to the account or transferred to either another building society/bank account or to another account held with the Society.
