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Fixed interest term account - ISSUE 433

We welcome new applications for this account from new and existing customers who live within our branch operating area

• an investment term of approximately 1 year, until 23 June 2009

• minimum balance £2,000

• interest fixed for the term of the investment

• early closure restrictions and penalties apply

• no partial withdrawals are allowed during the term of the investment

• shortly before the end of the fixed investment term we will contact you with details of the options you can take on maturity, one of which may be to extend your investment for a further fixed term.

• interest paid annually on 31 May
  

(1) gross rate is the contractual rate of interest payable before the deduction of income tax at the rate specified by law.

(2) annual equivalent rate (AER) illustrates what the interest rate would be if interest was paid and added each year.

(3) net interest is the rate of interest which would be payable after allowing for the deduction of income tax at 20%, i.e. the rate specified by law (net interest rates have been rounded and are for illustrative purposes only)

• introduction
• 30 day notice
• 90 day notice
• 1 year term
• 2 year term
• fixed interest term