Log on
Find a Branch
Contact Us- Home >
- Savings >
- Easy Access Savings >
- DirectSaver Reserve
DirectSaver Reserve
When you want to get more out of your spare cash, it makes sense to take it out of your everyday account and place it into an attractive variable interest rate savings account. But if you ever needed that cash again, you’d want to be free and easy to transfer it back. Our DirectSaver Reserve account offers great benefits:
- For the first 6 months, you'll receive an extra 1% gross* interest bonus^
- Transfer money from your DirectSaver Reserve account to your current account and vice versa
- Make withdrawals on up to 12 days in a calender year in return for an attractive interest rate
- Convenience of operating your account by phone, online or by post
| Summary Box Key Product Information for our Savings Account |
|
|---|---|
| Account Name | DirectSaver Reserve |
| Interest Rates (AERs) | The Interest rate is variable. |
| Tax Status | Interest is paid net* of basic rate tax |
| Condition for bonus payment | An extra 1% gross* interest bonus is payable for the first 6 months^. Please note the bonus is subject to a tax deduction if you are a UK taxpayer |
| Withdrawal arrangements |
Withdrawals can be made on up to 12 days during a calendar year. The minimum withdrawal amount is £100. Withdrawals are made by moving funds to your linked current account. If withdrawals are made on more than 12 days the account will be transferred to a DirectSaver account and the 1% bonus will only be paid to the date of the 13th day of withdrawal |
| Access | This account is operated by telephone, internet or post |
Features & Benefits
- Minimum balance and deposit of £100
- Maximum balance of £1,000,000
- Call 0845 121 7905 to deposit money over the phone with your debit card. You can also deposit funds by cheque through the post, or by using your nominated current account provider’s telephone or internet banking services#
- Call 0845 121 7905 to make withdrawals (minimum of £100 which will be transferred to your nominated current account which takes 4 working days, excluding the day of instruction)#
- Interest is paid annually by the first working day after 1st January into this account
- Keep track of your balance with a statement (every 25 transactions or 3 months, whichever is sooner)
- Can be opened as a joint account so long as it’s linked to a current account held in either one or both of these names
- Keep your higher interest rate when you keep withdrawals to 12 days a year or less
- Easily transfer money to and from your current account
- Manage your account online. Register for online servicing once your account is open
#For information on the clearing of funds, please refer to section 7 of the General Terms and Conditions.
Opening Times: Mon-Fri 8am-8pm, Sat 9am-12noon
Calls may be recorded and/or monitored.
^Paid on the balance of the account over its first 6 months provided you keep a minimum balance of £100 and make withdrawals on no more than 12 days during this time.
*For an explanation of terms such as AER, Gross and Net, please see our glossary 
.
Britannia is a trading name of The Co-operative Bank plc, which is a member of the Financial Services Compensation Scheme (FSCS) that would pay compensation to eligible customers in the unlikely event of the Bank becoming insolvent. Find out more
