Advantage 50+ Saver - Issue 3

1.75

% gross
pa/AER
variable on £100,000+

Advantage 50+ Saver savings account is designed specifically for the over 50s. It is designed to be flexible so you can add to minimum operating balance (£5,000) when you wish. You also get instant access to your money and unlimited withdrawals as long as you maintain a minimum balance of £5,000.

Instant access
Branch based, Passbook account
Minimum balance of £5,000
Variable tiered rate of interest
Monthly or Annual interest options

Interest rates
Summary box
How to apply

Apply now

Interest rates

Previous rates
(Effective 22 February 2009)

Current rates
(Effective 29 March 2009)

Balance (£)	Annual Interest Rates			Monthly Interest Rates
Balance (£)	Gross Gross rate p.a. Interest rate payable before any income tax is deducted. It can only be paid subject to the required registration.	Net Net rate p.a. Interest rate payable after the deduction of income tax, at the lower rate of 20%.	AER AER stands for Annual Equivalent Rate and shows what the interest rate would be if interest was paid and added each year. This will enable you to compare more easily the return you can expect from your savings over time.	Gross Gross rate p.a. Interest rate payable before any income tax is deducted. It can only be paid subject to the required registration.	Net Net rate p.a. Interest rate payable after the deduction of income tax, at the lower rate of 20%.	AER AER stands for Annual Equivalent Rate and shows what the interest rate would be if interest was paid and added each year. This will enable you to compare more easily the return you can expect from your savings over time.
£100,000 and above	1.75%	1.40%	1.75%	1.74%	1.39%	1.75%
£50,000 to £99,999	1.50%	1.20%	1.50%	1.49%	1.19%	1.50%
£25,000 to £49,999	1.25%	1.00%	1.25%	1.24%	0.99%	1.25%
£5,000 to £24,999	1.00%	0.80%	1.00%	0.99%	0.79%	1.00%

Previous rates
(Effective 22 February 2009)

Current rates
(Effective 29 March 2009)

Balance (£)	Annual Interest Rates			Monthly Interest Rates
Balance (£)	Gross Gross rate p.a. Interest rate payable before any income tax is deducted. It can only be paid subject to the required registration.	Net Net rate p.a. Interest rate payable after the deduction of income tax, at the lower rate of 20%.	AER AER stands for Annual Equivalent Rate and shows what the interest rate would be if interest was paid and added each year. This will enable you to compare more easily the return you can expect from your savings over time.	Gross Gross rate p.a. Interest rate payable before any income tax is deducted. It can only be paid subject to the required registration.	Net Net rate p.a. Interest rate payable after the deduction of income tax, at the lower rate of 20%.	AER AER stands for Annual Equivalent Rate and shows what the interest rate would be if interest was paid and added each year. This will enable you to compare more easily the return you can expect from your savings over time.
£100,000 and above	2.25%	1.80%	2.25%	2.23%	1.78%	2.25%
£50,000 to £99,999	2.00%	1.60%	2.00%	1.98%	1.58%	2.00%
£25,000 to £49,999	1.75%	1.40%	1.75%	1.74%	1.39%	1.75%
£5,000 to £24,999	1.50%	1.20%	1.50%	1.49%	1.19%	1.50%

Interest rates are variable, paid annually or monthly.

Gross rate p.a.
Interest rate payable before any income tax is deducted. It can only be paid subject to the required registration.

Net rate p.a.
Interest rate payable after the deduction of income tax, at the lower rate of 20%.

AER stands for Annual Equivalent Rate and shows what the interest rate would be if interest was paid and added each year. This will enable you to compare more easily the return you can expect from your savings over time.

Apply now

Summary box

Key Product Information for our Savings Account

Account Name	Advantage 50+ Saver issue 3
Interest rates (AERs)	Variable, tiered rate of interest. Monthly or Annually. Please ask for a copy of our ‘savings interest rates' leaflet for variable rate accounts. Annual Interest is payable 31st march. Monthly interest is payable on the last working day of the month, view interest rate
Tax Status	Gross Gross rate p.a. Interest rate payable before any income tax is deducted. It can only be paid subject to the required registration. or Net Net rate p.a. Interest rate payable after the deduction of income tax, at the lower rate of 20%.
Conditions for bonus payment	N/A
Withdrawal arrangements	Instant access withdrawals above minimum balance (£5,000), subject to daily withdrawal limits. Early closure is permitted after 90 days. Closure requires 90 days notice. Closure without notice will incur 90 days loss of interest on the minimum balance and is not permitted in the first 90 days.
Access	Branch or Agency

Whether you can benefit from gross, net or tax free interest is dependent on your own personal circumstances and tax status and so may be subject to change in the future.

How to Apply for an Advantage 50+ Saver

This savings account can be operated in various ways but must be opened at a branch or via the post.

Note: When applying for a YBS account you will need to verify your identity and address. Check our Verifying your Identity section for more details of what you may need to take with you.