Sight Advice South Lakeland
Open a Sight Advice South Lakeland supporters savings account and you'll be giving your local charity financial support. You will receive an attractive rate of interest on your savings and the Sight Advice Charity will receive an annual donation from the Society.
Interest Rates - Sight Advice (from 01 December 2009)
| Balance | Gross | AER | Net |
|---|---|---|---|
| £25,000+ | 0.50% | 0.50% | 0.40% |
| £2,500+ | 0.30% | 0.30% | 0.24% |
| £100+ | 0.15% | 0.15% | 0.12% |
| £25+ | 0.10% | 0.10% | 0.08% |
| Key features | |
|---|---|
| Interest rates: | See above, rates are variable. |
| Tax status: | Interest normally paid net after deduction of income tax or gross subject to certification |
| Conditions for bonus payment: | N/A |
| Withdrawal arrangements: | Instant access, subject to normal operating limits displayed in branch |
| Access: | Branch |
| Minimum opening balance: | £100 |
| Maximum investment: | £250,000 single £500,000 joint |
| Eligibility: | Account has to be opened in person at a branch. Postcode restrictions do not apply. |
| Interest payment: | Paid annually on 31 March No interest paid on balances below £25 |
| Annual donation: | 1% of the total average balance of all Sight Advice South Lakeland Supporters accounts donated to the charity |
| Payment account: (Payment Services Regulations 2009) |
No Please refer to 'Payment Transactions and Services leaflet' |
To view the general savings account terms & conditions, please click here
Gross means the contractual rate of interest payable not taking account of the deduction of income tax at the appropriate rate.
Net rates are illustrative only and allow for deduction from gross rate of income tax at the specified rate i.e. assuming rate of income tax at 20%.
AER stands for Annual Equivalent Rate and illustrates what the interest rate would be if interest was paid and compounded once each year.
Tax Free is the contractual rate of interest payable where interest is exempt from income tax.
