Shield Fixed Rate Bond
Interest Rates
| £10,000+ |
2.75 |
2.20 |
N/A |
N/A |
2.75 |
|
Effective from 01/02/2009 |
|
Main Features
| Existing customers and new customers who live within 25 mile radius
of branches. |
Minimum:
£10,000.
Maximum: £500,000 (representing the overall limit for savings
with the Society for each individual).
No further payments may be paid during the 12 month term once the initial investment has been made. |
| No partials withdrawals or early closure are allowed in the 12 month period with this account. |
| Interest
paid on maturity of the account at the end of the one year term. |
| Your
Shield Fixed Rate Bond has a fixed term and will mature 365 days from
the date of opening. |
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 conjunction with the account
Terms and Conditions, Members Guide and the Interest
Rate Guide.
- Full Terms and Conditions of Dudley Building Society savings accounts
are available on request.
|
