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Summary Box - Santa Saver (Issue 2) |
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Key Product Information | Account Name | Santa Saver (over 18 years only) | Interest Rates (AERs) | Variable rate paid annually, click here to view our rates | Tax Status | Gross or Net* | Conditions for bonus payment | N/A | Withdrawal arrangements | No withdrawals allowed, matures to annually nominated account | 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 Only one Santa Saver allowed per investor (minimum age of investor 18 years) The account deposit period commences on the 1st December and finishes on the 25th November each year Minimum opening balance £1 Maximum total deposit allowed per month £150 Multiple deposits transactions allowed subject to the above maximum monthly allowance NO withdrawals allowed The balance plus interest to date will transfer automatically each year on the 25th November to a nominated account of your choice within the Society The nominated account must be current at the time of the Santa Saver application and remain open until this account is closed
Follow this link to read important information about compensation arrangements
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