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   home > savings & investments > savings accounts > sportsaver account

  
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An easy access savings account with extra benefits for savers and the local sporting community

"earn 1.25% gross"
(variable)

With effect from 1 March 2008



Important: This account can only be opened and operated through our branch and                    agency network or Head Office.
       

For an application form click here.
       

For a sportsaver discount flyer click here.


  Main features of the account
An affinity card which entitles you to discounts at a range of Kent based sporting outlets.
Minimum opening deposit and balance £1.
Add to your savings as and when you like.
Take money out when you need it - up to £500 cash, £50,000 by cheque from any branch (lower limits may apply at our agencies) or by post to our Head Office.
Interest is added to the account annually on 5 April.


Minimum Opening Deposit £1
Gross Rate % p.a./AER
Net Rate % p.a.
£1 and over
1.25
1.00

With effect from 1 March 2008 the above rates will apply


Annual Equivalent Rate or AER illustrates what the interest rate would be if the interest was paid and added each year. Please note that every advertisement for a savings product which quotes an interest rate will contain an AER allowing you to compare at a glance what return you can expect from your savings over time.

AER - interest which is paid annually on 5 April is the same as the appropriate gross rate or tax free rate. For accounts where the interest is paid monthly the AER is shown.

Gross rate is the rate of interest before deduction of income tax.

Net rate is the rate after deduction of income tax which is currently 20%. Subject to the required certification non tax payers will be able to receive any interest at a gross rate.



 
 
 
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