Deposit 98 Account
Interest Rates
| £25,000+ |
3.30
|
2.64
|
N/A
|
N/A
|
3.30
|
| £10,000+ |
3.05
|
2.44
|
N/A
|
N/A
|
3.05
|
| £5,000+ |
1.55
|
1.24
|
N/A
|
N/A
|
1.55
|
| £500+ |
1.15
|
0.92
|
N/A
|
N/A
|
1.15
|
| £10+ |
0.10
|
0.08
|
N/A
|
N/A
|
0.10
|
|
Effective from 01/03/2008
* Click
here for definitions and notes
|
|
Main Features
Only
registered corporate bodies may open a Deposit 98 account. A corporate
body is one which in its own right can enter into legal agreements.
Available to existing customers and new customers who live within
25 mile radius of a branch or agency. A minimum of £1,000
will be required to open an account and must be maintained if you
live outside of the 25 mile radius of a branch or agency. |
Minimum:
£10.
Maximum: £500,000 |
| Instant
Access. |
Interest
paid annually on 31st March.
|
| Must
be a U.K company and operators must be resident in the U.K. |
Notes
- AER stands for Annual Equivalent Rate and illustrates
what the interest rate would be if interest was paid and added each
year.
- Gross is the interest paid before the deduction of income tax at
the rate specified by law.
- Net is the interest paid after the deduction of income tax at the
rate specified by law.
Interest will be payable net of income tax at the rate required by
law. Tax may be reclaimed from the Inland Revenue where the amount
deducted exceeds an investor's liability to tax (if any). Individuals
who are liable at the higher rate of income tax of 40% will have to
pay additional tax on the interest to cover the difference between
the tax deducted and the higher rate of tax due.
- If you are entitled to receive your interest gross, complete the
Inland Revenue form R85 in accordance with Inland Revenue regulations
and forward to your nearest Dudley Building Society branch.
- The interest rate is variable and not linked to any of the Society's
other savings rates.
- This information should be read in conjunciton with the account
Terms and Conditions, Banking Code, Members Guide and the Interest
Rate Guide.
- Full Terms and Conditions of Dudley Building Society savings accounts
are available on request.
|
