Charitable Giving accounts
We have joined forces with three very different charities. Your money grows whilst supporting your chosen charity.
| Summary Box Key Product Information for our Savings Accounts |
|
|---|---|
| Account name | Charitable Giving accounts |
| Interest rates (AERs) | 0.10% variable |
| Tax status | Interest is paid net of tax unless you have registered an R85 form |
| Conditions for bonus payment | There is no bonus payment for this account |
| Withdrawal arrangements | 90 days notice is required for withdrawals or immediate access at the loss of 90 days interest (to be deducted from the capital sum if necessary). Up to three no notice withdrawals can be made each calendar year if the minimum balance of £10,000 is maintained, and providing the total amount withdrawn during the calendar year does not exceed £15,000 (balance permitting). |
| Access | Access is via post, or one of our branches |
- Open with £500
- Maximum investment of £1,000,000 (£2,000,000 for joint accounts)
- The Charities we support are:
East Anglia's Children's Hospices
Essex Wildlife Trust
Essex Air Ambulance - An extra 0.5% of the interest earned on the account is donated to the charity, and paid annually
- Interest is paid annually on 31 December and credited directly to your account or transferred to a Bank or another Society account
- You must be seven or over to have these accounts
Please tell us the charity you wish to support
current rates | previous rates
| Minimum investment | Maximum investment | Gross p.a. / aer % | Net p.a. % (after deduction of basic rate tax) |
| £500 | £1,000,000 | 0.10 | 0.08 |
current rates valid from 1 April 2009
| Minimum investment | Maximum investment | Gross p.a. / aer % | Net p.a. % (after deduction of basic rate tax) |
| £500 | £1,000,000 | 0.15 | 0.12 |
previous rates valid from 1 March 2009 to 31 March 2009
