Savings Account
Save2Spend
Key features
| Account Name | Save2Spend |
|---|---|
| Interest rates (AERs) |
|
| Tax status | Gross/Net |
| Withdrawal arrangements |
|
| Access | Branch/Post |
Product Info Follows
Current Interest Rate
1.50% Gross / AER
This rate is for balances from £10.
Apply Now
Complete this form and return to your local branch. You should also read Identification for customers and General Investment terms and conditions to ensure you understand the features and conditions of what you are buying.
Download the application form here
Additional information
Minimum opening balance
£10
Minimum operating balance
£10
Maximum balance
£12,000
New investors
Yes. Can be opened in single or joint names.
Age requirements
Minimum 16 years.
Restricted deposit
A deposit must be made each calendar month (multiple deposits can be made each month subject to the minimum and maximum monthly amounts):
Charges
Not for the normal operation of the account (see our General Investment terms and conditions PDF for more details).
Additional benefits
Member loyalty card enabling discounts and special offers from local traders who participate in the scheme.
Similar products
Square deal Cash ISA
Suitable for balances from £50 if you are aged 16 or over, require easy access to your savings and have not subscribed to a Cash ISA in the current tax year.
Instant premium
Suitable for balances from £500 if you require easy access to your savings.
Gross rate is the contractual rate of interest payable before the deduction of income tax at the rate specified by law, currently 20%. AER stands for Annual Equivalent Rate and illustrates what the interest rate would be if interest was paid and compounded once each year.
WE HAVE NO CURRENT PLANS TO WITHDRAW THIS PRODUCT BUT IT MAY BE WITHDRAWN WITHOUT NOTICE
Minimum opening balance
£10
Minimum operating balance
£10
Maximum balance
£12,000
New investors
Yes. Can be opened in single or joint names.
Age requirements
Minimum 16 years.
Restricted deposit
A deposit must be made each calendar month (multiple deposits can be made each month subject to the minimum and maximum monthly amounts):
- Minimum monthly deposit - £10
- Maximum monthly deposit - £500
Charges
Not for the normal operation of the account (see our General Investment terms and conditions PDF for more details).
Additional benefits
Member loyalty card enabling discounts and special offers from local traders who participate in the scheme.
Similar products
Square deal Cash ISA
Suitable for balances from £50 if you are aged 16 or over, require easy access to your savings and have not subscribed to a Cash ISA in the current tax year.
Instant premium
Suitable for balances from £500 if you require easy access to your savings.
Gross rate is the contractual rate of interest payable before the deduction of income tax at the rate specified by law, currently 20%. AER stands for Annual Equivalent Rate and illustrates what the interest rate would be if interest was paid and compounded once each year.
WE HAVE NO CURRENT PLANS TO WITHDRAW THIS PRODUCT BUT IT MAY BE WITHDRAWN WITHOUT NOTICE
