Savings Direct Easy Access Account

• Earn a competitive interest rate for your money.
• Add to your savings anytime.
• Get access to your money whenever you need to.

• Lodgements can only be made by cheque and electronic transfer.
• Minimum balance on the account is £1, maximum balance on the account is £1,000,000.
• You can withdraw money from this account to a bank account in your name, nominated at account opening.
• The account can only be operated by phone and by post.
• Interest is calculated daily and paid yearly in April.

From 6 April 2016 - Credit interest on all accounts will be paid gross (under new legislation tax will not be deducted when credit interest is paid). If your credit interest is more than your personal Savings Allowance you may still have to pay tax. Please see www.gov.uk for information on the Personal Savings Allowance or speak to a tax advisor.