Features of the 'Privileged Member Acc (Withdrawn)'
This product is no longer available to new applicants.
This account is no longer available to new applicants
Variable rate account available to existing members of two years who have registered for the Society's Privileged Membership Scheme
No more than three withdrawals can be made each account year. The account will be closed on the fourth withdrawal
Maximum Investment £250,000
4 interest rate tiers based on how long you have been with the Society and how many products you hold.
Read our Frequently Asked Questions for more information on how the Privileged Membership Investment Account works.
Minimum Investment
£100
Product Type
Withdrawn Accounts
Interest paid
Interest paid or credited annually on 1 April.
Summary Box Key Product Information for our Savings Account(s)
Account Name
Privileged Member Acc (Withdrawn)
Interest rates (AER's)
Tier
Period or Bonus
Annually
Monthly
AER
Gross
Net
AER
Gross
Net
£100 - £250,000
Privileged Saver
0.50%
0.50%
0.40%
0.50%
0.50%
0.40%
£100 - £250,000
Privileged Saver Plus
0.50%
0.50%
0.40%
0.50%
0.50%
0.40%
£100 - £250,000
Privileged Saver Extra
0.50%
0.50%
0.40%
0.50%
0.50%
0.40%
£100 - £250,000
Privileged Saver Premier
0.50%
0.50%
0.40%
0.50%
0.50%
0.40%
Effective Date
01/10/2009
Variable
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 society account. Withdrawals via any other method will incur a charge. Please refer to Tariff of charges for more details. No more than three withdrawals may be made each account year (1 May to 30 April). The account will be closed on the fourth withdrawal.
Access
At a branch
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.
