Savings - Instant Access Savings - Summary of Instant Access Savings account

Summary of key information

Instant Access Savings Account - it offers rates that can put a smile on your face.

A payee is the details of your nominated account; it is required to transfer money out of your account online.

Account Name	Instant Access Savings Account
Interest Rates (AERs)	Tiered interest rates of up to 1.25% Gross/AER (variable). Interest is calculated daily and paid monthly or annually as you choose. Interest will be paid on the last business day of the month for monthly accounts and the last business day in April for annual accounts.
Tax Status	Interest is paid net of basic rate tax, depending on your status.
Conditions for Bonus Payment	No bonus applies.
Withdrawal Arrangements	Instant access without notice or penalty. Daily withdrawal limits apply (see below). Customers can set up payee details over the phone once they’ve registered for Telephone Banking. However, for security reasons you’ll also need to register for the Online Banking service and order a Card Reader if you wish to set-up and amend payee details online.
Daily Withdrawal Limits	The maximum daily withdrawal limits for Instant Access Savings Accounts are as follows: Telephone: £50,000 per day Online: £10,000 In-store (Customer Service Desk): £500 In-store (at checkout): £100 ATM: £300 Maximum daily withdrawal limits may change from time to time. We will notify you of these changes.
Access	In order to access your account you will need to register for our Telephone and Online Banking Services.

A payee is the details of your nominated account; it is required to transfer money out of your account online.