60 Day Notice
Interest is payable monthly on the last day of the month and must be transferred to another account held by you with the Society.
This account is no longer available for new account applications. Minimum operating balance is £1. The maximum investment is £85,000 for an account held in a sole name or £170,000 for an account held in joint names where an account was opened after 1 January, 2017. Deposits can be made by cheque, electronic bank transfer, transfer from another account held with the Society (subject to the Terms and Conditions of that account) or cash (Cash deposits are limited to £3,000 per customer per day).
For General Terms and Conditions applicable to this account see “General Terms and Conditions for the operation of Savings Accounts" available from our branches or online at www.swansea-bs.co.uk. Interest is paid gross without tax deducted. AER stands for Annual Equivalent Rate and illustrates what the interest rate would be if interest was paid and added each year. Please note, the tax treatment and rate of interest payable depend on the individual circumstances of each customer and may change in the future. Statements are sent out 31 December annually.
The maximum balance across all accounts held with the Society is £85,000 for a single customer or £170,000 for joint customers where the customer first opened an account with the Society on or after 1 January, 2017. Where excess monies are received, such monies will be returned using the same method by which they were deposited.