Direct Transfer 2 - Scottish Widows Bank

Direct Transfer 2

Scottish Widows Bank
0.35 % AER
Headline Interest Rate
Easy Access
FSCS
Compensation Scheme
£ 1,000 min initial deposit
£ 5,000,000 max balance
  • Open By:

About the account

Account Type: Easy Access
Headline Interest Rate: 0.35 % AER
Headline Interest Balance: £ 1,000
Protection Scheme: This account is covered by the Financial Services Compensation Scheme.
Minimum Initial Deposit: £ 1,000
Date account was introduced: 01 Oct 2012
Date of last rate changed: 01 Oct 2012
Maximum rate change: -0.25 %

This account may be appropriate for you if

  • You are over 16 years of age

Rate details

Gross Rate
Excluding Bonus
Gross Rate
Including Bonus
AER
£1,0000.35%0.35%0.35%

Account access

Open account byManage account by
Bank
Post
Phone
Internet
Interest Payment Option
Interest Added to Account
Interest Paid to Other A/c
Interest Paid to Bank A/c
Interest Paid by Cheque
Interest Payment Frequency: annually, monthly, quarterly
Minimum Balance: £ 1
Maximum Balance: £ 5,000,000
Statement Frequency: on request
Additional Deposits: Not allowed
Standing Orders: Not allowed

Withdrawals

Minimum Withdrawal: £ 100

Conditions

Trustee Types: This account can be set up on the basis of an informal trust (for example parent for a child).
Additional Subscriptions Permitted: This account does not let you transfer ISA savings from a deceased spouse

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