Cotswold Care Savings Account (previous rates)
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Cotswold Care Savings Account |
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Min Investment Amount |
Investment Amount |
Gross (%) |
AER (%) |
Net (%) |
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£500 |
£500 plus |
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Rates effective from 1st December 2008 to 31st December 2008
A simple way to save and support Cotswold Care Hospice
Stroud & Swindon is proud to be associated with the Cotswold Care Hospice, a registered charity, that cares for and supports people in Gloucestershire living with cancer and other life-limiting illnesses. By taking out a Cotswold Care Hospice Account, you will not only receive the same interest rate as for our standard Branch Instant account, but also benefit the charity at the same time. The Cotswold Care Hospice will receive a cash donation from Stroud & Swindon equivalent to 1% of the average total balance held on the account type throughout the year. (The annual donation will not exceed £10,000 p.a.)
Features
- Enhanced rates of interest
- Instant access to your savings with no penalties for withdrawals
- Gross interest rates for eligible non-taxpayers
- £500 Minimum initial investment required to open and operate the account
- No notice required to make withdrawals
- Interest calculated on daily basis and credited annually to the account at midnight on 1st April
Age restriction:
Minimum/Maximum deposit:
- £100 minimum, £500 cash and up to fives cheques (total value at least £100) per day maximum up to £500,000
Restrictions on deposits:
Withdrawals:
- Any cheques deposited must be cleared before a withdrawal can be made on them
- Up to £100 - £500 cash can be withdrawn instantly
- Cheque withdrawals over £100, payable to account holder only, can be arranged at any branch
- No loss of interest
Interest:
- Interest can be transferred to another account that you may have with us, or directly into your bank account
Tax:
- Interest will be paid or credited after deduction of income tax at the appropriate rate
- Non-taxpayers must first complete the appropriate Inland Revenue declaration (R85) to qualify to have interest paid without deduction of tax (Please contact your local Tax Office if you are unsure about your eligibility for tax-free interest)
How do I open a Cotswold Care Savings Account?
This account is specifically for personal savers and is not available for business use.
Net rates assume the lower rate of income tax of 20%. These figures are rounded and are for illustrative purposes only.
AER stands for Annual Equivalent Rate and illustrates what the interest rate would be if the interest was paid and compounded each year.
GROSS: The gross contractual rate of interest applicable to all accounts. Interest will be paid gross to non-taxpayers subject to the required Inland Revenue certification (R85).