Clockwork Regular Saver (Issue 1)
Our Clockwork Regular Saver is a monthly savings account that pays a highly competitive rate of interest on your savings.
- Regular monthly saver account.
- Minimum opening balance of £20.
- Maximum opening balance of £250.
- Save between £20 and £250 each month.
- The first payment may be made by cash, or cheque or debit card drawn from an account held in the account holder’s own name.
- Subsequent monthly payments are required by direct debit drawn from an account held in the account holder's own name.
- One withdrawal per calendar year (1 January - 31 December) is permitted.
- No more than 1 monthly payment may be missed per calendar year
(1 January - 31 December) - If the account terms and conditions are not met the interest rate will reduce to the Society's Ordinary Share rate.
- Variable rate of interest.
clockwork regular saver (issue 1) - Interest rates
Balance from
(£) | Balance to
(£) | AER/Gross
% p.a. | Net Equiv.
% p.a. |
|---|
| 0.00 | 1000000.00 | 3.30 | 2.64 |
AER stands for Annual Equivalent Rate and illustrates what the interest rate would be if interest was paid and compounded once each year.
The Net Interest Rate quoted is paid or credited after deduction of income tax at the appropriate rate. Gross Interest is the rate payable before the deduction of income tax. Tax free means the rate of interest payable where the interest paid is exempt from income tax.
your next step & how to apply
You can find out further information on this Clockwork Regular Saver account by reading the specific Account Terms & Conditions together with the Savings Service Agreement.
Please read both carefully as they set out your rights and obligations in your dealings with us. These documents can be found in the Related Links section.
If you would like to open a Clockwork Regular Saver account you can apply either in one of our branches or you can download an application form using the image on the right. You should also download and complete a Direct Debit Form. This document can be found in the Related Links section. For further information on opening an account please see the documents Opening A New Progressive Account and Proving Your Identity in the Related Links section.
If at any time you require assistance or have a question about opening an account you can reach us by using the Contact Us form or by calling the number in the Help Section.