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Summary Box - Young Chorleian |
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Key Product Information | Account Name | Young Chorleian (age 0 - 16) | Interest Rates (AERs) | Variable tiered rate paid annually, click here to view our rates | Tax Status | Gross or Net* | Conditions for bonus payment | N/A | Withdrawal arrangements | Instant access (subject to daily withdrawal limits) | Access | Branch or Postal |
*Net: Interest on investments and savings amounts is payable net of income tax, which means after the deduction of income tax at the lower rate of 20%, or subject to the required registration gross. Terms of Investment - Immediate access for withdrawals without penalty
- Minimum investment and account balance of £5
- Maximum investment and account balance is £15,000 per investor (subject to interest compounded)
- All withdrawals must be for the benefit of the account holder - evidence is required
- Interest earned on a daily balance and credited/paid annually on 31st December
- Download an application form by following this link <<application form>>
Follow this link to read important information about compensation arrangements
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