91¾«Ñ¡

Account name

Regular Saver

What is the interest rate?

• We work out the interest we’ll pay on your account each day.
• We’ll pay interest into your account each year. We’ll do this on the anniversary of the day you opened your account.

• Interest is paid on deposits up to £2,400 in any 12-month period (starting from the date you first opened your account).

   

Can 91¾«Ñ¡ change the interest rate?

Yes, we can change the interest rate on this account as explained in the general terms.
 

What would the estimated balance be after 12 and 24 months based on 24 monthly deposits of £200 totalling £4,800?

AER stands for Annual Equivalent Rate and shows what the interest rate would be if we paid interest and added it to your account each year. The gross rate is the interest rate we pay where no income tax has been deducted

To work out the estimated balance, we’ve assumed that: 

• The account is opened on the 1st day of the month and an initial payment of £200 is made on the 2nd day of the month;
• You pay in a further £200 on the 2nd of each month afterwards for a further 23 months;
• You don’t take any money out; and
• There is no change to the interest rate other than as set out in the table above.
   

These illustrations are only examples and doesn’t take into account individual circumstances.
 

How do I open and manage my account?

Eligibility

You can only have one of these accounts and it must be in your sole name. You must be 16 or over and live in the UK. You can have this account if you have a 91¾«Ñ¡ current account (but not a 1I2I3 Mini account held in Trust), whether in your sole name or joint names. 

How to open the account

You can apply on our website, using Mobile or Online Banking, in branch or over the phone.    

Managing the account

You can manage your account on our website, using Mobile or Online Banking, in branch or over the phone.    

Paying money in 

You can transfer money into the account from your 91¾«Ñ¡ current account. You can make any number of payments into the account, up to the maximum monthly deposit amount. 
 

• Minimum balance: £1. 
• No minimum monthly deposit. You don’t have to pay money into the account each month or pay in the same amount. A ‘month’ is calculated by the date that you open your account. For example, if you open the account on the 16th of a month, your month will run from the 16th of one month to the 15th of the next month. 
• Maximum monthly deposit: £200. This means the maximum amount you can deposit into your account in any 12-month period (starting from the date you first opened your account) is £2,400. If you take money out and then pay it back in, it’ll count towards this monthly limit. To make the most of your Regular Saver, you’ll need to start paying money in from the first month after you open your account.

We can switch your account to an Everyday Saver if you break the terms of this account. For example, if you try to pay money in from an account that isn’t your 91¾«Ñ¡ current account, or if you deposit more than £200 in any month.     

Can I withdraw money?

Yes, you can take money out of your account at any time, but you can only do this by moving the money to your 91¾«Ñ¡ current account. This can be done by using Online or , in branch or over the phone.

Additional information

Tell us if you change your mind 
You can close your account at any time during your ‘cancellation period’ – we won’t charge you for it. This is 14 days, starting the day after we confirmed your account is open. 
If you do this, we’ll return your money together with any interest we owe you. We’ll do this as soon as we can (and within 30 days from when you tell us). 
You can also close your account at any other time outside this cancellation period – we won’t charge you.

Tax status
We pay interest without taking off income tax. This is known as ‘gross’ and the interest rate we give you reflects this. If the total interest you receive in a tax year is more than any Personal Savings Allowance that applies to you, you may have to pay tax on it. You’ll need to do this directly with HMRC.

Statements
We’ll send you a statement once a year. We’ll send your documents, statements and some of your letters as e-Documents, unless we’re required to send them another way. We’ll add them to your mailbox in Mobile Banking. In Online Banking, you can find them in your ‘Statements and documents’.
You’ll need to give us a valid email address and sign up for Online or Mobile Banking when you open this account (if you haven’t already). That’s because we’ll email you when we’ve sent you an e-Document. It’s important you tell us if your email address changes. You can also change your preference and ask for paper documents instead.    

How we manage scam claims

We’ll support you if you’ve fallen victim to fraud. Find out more about our approach to fraud.