Savings

If having instant access to your money is important to you, then Flexible Savings is the account for you. You can save for everyday expenses as well as putting a little aside for those bills that always seem to come out of the blue. Then when you’re ready, so too is your money.

How Flexible Savings works for you

With our Flexible Savings account, fast access to your money is a priority. Once you’ve chosen from our CashCard or Passbook options, you're free to choose to access your money in branch, at an ATM or by post.

Key Flexible Savings Benefits

• Variable tiered interest rates – the more you save, the more you’ll earn
• Instant access to your money with a choice of CashCard or Passbook
• Save whenever it suits you
• The convenient option to save regularly by Direct Debit
• No charges for withdrawals when your balance stays above £100
• Britannia membership benefits, including the unique Britannia Membership Reward scheme, start to earn membership reward points after 2 years, subject to scheme rules
• Have your fair say with an annual AGM vote, subject to eligibility

	Annual Interest

	Minimum Balance		AER*		Gross*		Net*
	£100,000+		1.90%		1.90%		1.52%
	£20,000		1.60%		1.60%		1.28%
	£10,000		1.45%		1.45%		1.16%
	£1,000		1.25%		1.25%		1.00%
	£100		1.05%		1.05%		0.84%

		The above variable rates are effective from 2 May 2008.

	Monthly Interest

	Minimum Balance		AER*		Gross*		Net*
	£100,000+		1.90%		1.88%		1.50%
	£20,000		1.60%		1.59%		1.27%
	£10,000		1.45%		1.44%		1.15%
	£1,000		1.25%		1.24%		0.99%
	£100		1.04%		1.04%		0.83%

		The above variable rates are effective from 2 May 2008.

Account Features

• Minimum balance of £100
• Maximum balance of £1,000,000
• Passbook option lets you withdraw up to £500 in cash, or larger amounts by cheque
• CashCard option lets you withdraw up to £250 a day
• Can be opened as a joint account
• Interest is paid annually by the first working day after 1st January each year into this account

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 every time 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.