Designed exclusively for investors who wish to assist the Red Balloon Appeal
Minimum investment; £100 for 16 and over, £25 for under 16's.
To apply for this product, please click the 'Apply by post' button. The first part of the application is completed online, following which you will need to send us the completed form by post. Please note you will need a printer to complete the application.
Minimum Investment
£100
Product Type
Other Accounts
Interest paid
Annually on 30th April or monthly on last working day of month to a designated bank/building society account
Summary Box Key Product Information for our Savings Account(s)
Account Name
Red Balloon Appeal Account
Interest rates (AER's)
Tier
Annually
Monthly
AER
Gross
Net
AER
Gross
Net
£25 - £4,999
0.05%
0.05%
0.04%
0.05%
0.05%
0.04%
£5,000 - £24,999
0.05%
0.05%
0.04%
0.05%
0.05%
0.04%
£25,000 - £1,000,000
0.05%
0.05%
0.04%
0.05%
0.05%
0.04%
Effective Date
28/02/2009
Variable Rate
Tax Status
Gross / Net
Conditions for bonus payment
N/A
Withdrawal arrangements
There is no notice period or charge for withdrawal. There is no charge for withdrawals paid by BACS direct to your nominated bank/building soceity account. Withdrawals via any other method will incur a charge. Please refer to Tariff of charges for more details.
Access
At a branch / by post / by telephone
Gross means without UK income tax deducted Net means the rate of interest which would be payable after allowing for deduction 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. Rates are illustrative only and have been rounded to two decimal places. Tax-Free is the contractual rate of interest payable where interest is exempt from income tax.
