Premium Return
This account is only available to existing members or new customers resident in Northern Ireland.
Our Premium Return savings product is designed for the saver aged 50 years and over who requires the flexibility of instant access. It has a tiered interest rate - save more and earn a higher rate of interest.
- Minimum opening balance of £500.
- Maximum investment of £1 Million.
- No restrictions on withdrawals.
Premium Return - Interest Rates
Balance from
(£) | Balance to
(£) | AER/Gross
% p.a. | Net Equiv.
% p.a. |
|---|
| 0.00 | 499.99 | 0.01 | 0.01 |
| 500.00 | 9999.99 | 0.05 | 0.04 |
| 10000.00 | 24999.99 | 0.10 | 0.08 |
| 25000.00 | 49999.99 | 0.30 | 0.24 |
| 50000.00 | 1000000.00 | 0.80 | 0.64 |
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.
Your next step & how to apply
You can find out further information on this Premium Return 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 Premium Saver account you can apply either in one of our branches or you can download an application form using the image on the right. 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.