Bonus Guarantee Account
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Bonus Guarantee Account |
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Min Investment Amount |
Investment Amount
(annual interest) |
Gross (%) |
AER (%) |
Net (%) |
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£500 |
£500 plus |
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Standard account rate |
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2.75 |
2.75 |
2.20 |
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Min Investment Amount |
Investment Amount
(monthly interest) |
Gross (%) |
AER (%) |
Net (%) |
|
£5000 |
£5000 plus |
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Standard account rate |
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2.72 |
2.75 |
2.18 |
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Previous Rates - Bonus Guarantee Account |
Rates effective from 1st January 2009
A savings account with a great rate
A savings account with a guarantee that the rate will be at least 1.00% gross above the published Bank of England base rate until 31st December 2009.
Features
- No notice required for withdrawals
- £500 minimum initial investment required to open and operate the account (£5,000 for monthly interest)
- Subsequent investments must total at least £100
- £500,000 maximum investment
- Operate account by branch, agency, telephone or post
- Limited to one account per customer
Age restriction:
Restrictions on deposits:
Withdrawals:
- Minimum withdrawal amount is £100
- No notice required to make a withdrawal
- Withdrawals will be transferred direct to your bank or building society account via BACS (Bank Automated Clearing System)
- For accounts opened by post via our direct channel you can arrange withdrawals to be made by writing to us by using our Freepost service or telephoning us with your request.
- For accounts opened at a branch or agency you can arrange withdrawals to be made by visiting your local branch or agency.
Interest:
- Interest rates on this account are variable
- Interest paid annually or monthly
- Interest can be transferred to your bank account or another Stroud & Swindon account, or added to your 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) (Please contact your local Tax Office if you are unsure about your eligibility for tax-free interest)
How do I open a Bonus Guarantee Account?
Send your completed application and investment cheque to:
Stroud & Swindon Direct
PO Box 148
Stroud
Gloucestershire
GL5 3YL
This account is specifically for personal savers and is not available for business use.
Summary of account:
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Summary Box
Key Product Information for our Bonus Guarantee Account |
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Account name |
Bonus Guarantee Account |
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Interest rates (AERs) |
Current rates are listed above. Interest rates are variable. |
|
Tax status |
Gross or net of income tax |
|
Conditions for bonus payment |
Not applicable |
| Withdrawal arrangements |
Instant or easy access, minimum withdrawal £100 |
| Access |
Branch, agencies, telephone or post |
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 rate is the contractual rate of interest before the deduction of tax at the appropriate rate specified by law. Interest will be paid gross to non-taxpayers subject to the required HM Revenue and Customs certification (R85).