Savings

We've designed this bond exclusively for Britannia members who want attractive variable interest rates.

• There's another benefit of Britannia membership that we didn't tell you about - our exclusive 1 year bond.
• All you need is £250 to start getting a great interest rate, paid monthly or annually.
• And unlike many bonds, where your capital is tied up for the duration, we'll let you access your savings anytime, provided you waive 90 days interest.

	Annual Interest

	Minimum Balance		AER*		Gross*		Net*
	£100,000+		4.00%		4.00%		3.20%
	£50,000		3.85%		3.85%		3.08%
	£20,000		3.55%		3.55%		2.84%
	£1,000		3.05%		3.05%		2.44%
	£250		2.95%		2.95%		2.36%

		The above variable rates are effective from 2 May 2008.

	Monthly Interest

	Minimum Balance		AER*		Gross*		Net*
	£100,000+		4.00%		3.93%		3.14%
	£50,000		3.85%		3.78%		3.02%
	£20,000		3.55%		3.49%		2.79%
	£1,000		3.05%		3.01%		2.41%
	£250		2.95%		2.91%		2.33%

		The above variable rates are effective from 2 May 2008.

Our Bonds are limited issue and may be withdrawn at any time, so please act quickly to avoid disappointment.

Important Information
Before applying for your account, don't forget to read the Terms and Conditions (including the amendment detailed below) and the Important Legal Information, which includes information regarding cancellation rights.

Amendment to the terms and conditions
Following your feedback, from 1 July 2008 we will no longer be writing to you everytime the interest rate of this account is changed. Please see full details.

*For an explanation of terms used such as AER, Gross and Net, please see our glossary.

Membership Reward After the initial qualifying period, we show our appreciation with our Membership Reward; currently an annual cash payment of up to a possible £500, subject to scheme rules and tenure.
Use our Membership Reward Calculator to see how much reward you could be earning.

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