Scottish Widows Bank Club & Association Deposit 7 Day Notice - Annual
Full product details for the Scottish Widows Bank Club & Association Deposit 7 Day Notice - Annual savings account, including application criteria, introductory rates, rates, isas, children's savings, over 50s isas, account access, account management, fees & charges, business accounts and structured investment plan.
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Scottish Widows Bank Club & Association Deposit 7 Day Notice - Annual Features & Benefits
| Account Type | Business Notice Account | |
| Rate Type | variable | Interest payable is variable |
| Headline Interest Rate | 1.85% | The headline interest rate is 1.85% AER. |
| Headline Interest Balance | £50,000 | £50000.00 |
| Online Access | no | Transactions cannot be made via Internet. |
| Branch Access | no | Transactions cannot be made via the branch network |
| Phone Access | yes | Transactions can be made by telephone |
| Withdrawal Restrictions | notice or penalty | A notice period of 7 days is required for withdrawals, if the notice period is not given an interest penalty of 7 days is applied when the withdrawal is made. |
| Introductory Bonus | 0% | There is no introductory bonus available. |
| Interest Rate Guarantees | no less 0.25% below bbr | The rate is guaranteed to be no less than 0.25% below the Bank of England Base Rate until 31st December 2012. |
| Withdrawal Notice | 7 days | A notice period of 7 days is required for withdrawals, if the notice period is not given an interest penalty of 7 days is applied when the withdrawal is made. |
| Minimum Initial Investment | £500 | There is no minimum investment required. |
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