Minimum opening balance £2,500
Minimum operating balance £1
Maximum balance £250,000 sole or £500,000 joint
Interest is calculated daily, and capitalised annually or transferred into another BIBS account on the 31st December, or paid by BACS (cleared funds in 3 working days)
or if paid monthly, paid at month end, compounded or transferred into another BIBS account or if paid by BACS (cleared funds in 3 working days)
Interest is guaranteed to be no more than 0.75% below the Bank of England base rate.
Deposits by cheque, BACS Transfer or Telegraphic Transfer only. |