Different Accounts Booklet
Fixed rate ISA Balance Transfer – Minimum £25,000 You have the certainty of knowing that the rate is fixed until 12th May 2010 at 3.20% for balances transferred of £25,000 to £39,999 and 3.60% for balances of £40,000 and over. You can choose to continue your account beyond this period and the rate will become variable. (See summary box below) Please note that this is a limited issue and may be withdrawn without notice.
How much do I need to open an account? The fixed rate cash ISA is open to anyone transferring a minimum balance of £25,000 from an existing cash ISA. You can add to your account, provided that you do not contribute more than the annual subscription limit (currently £3,600) during each tax year and have not contributed to another cash ISA during the same tax year. Any additions to your account will not affect the date the fixed term ends.
Can I make withdrawals from my fixed rate cash ISA balance transfer account? No withdrawals are permitted before 12th May 2010. After this date, you can make withdrawals without notice or penalty.
When is the interest due? Interest is payable on maturity and will normally be added to your account. If you prefer, the interest can be transferred to another account with us or paid into your bank. After maturity, interest will be paid on 31st March each year.
How to open an account Simply complete an ISA application form and a Cash ISA Transfer Form, both of which can be obtained at any Scottish Building Society branch or local office, or from our website www.scottishbs.co.uk and take these to your nearest office. If you find it more convenient, please send your completed forms to FREEPOST RLYC-AAGE-YURH, Scottish Building Society, SBS House, 193 Dalry Road, Edinburgh EH11 2EF (no stamp required). Once your transfer has been completed, we will need to verify your identity and address. You can find out further information about how we do this from any Society office or from our website.
Your Right to Cancel If you wish to change your mind about any savings or investment account, please contact us within 14 days of opening the account. We will help you switch to another account with us or return your money in full together with any interest earned (without notice period or charges).
Summary Box: Fixed rate Cash ISA Balance Transfer Account Name
Fixed rate Cash ISA Balance Transfer.
Interest Rate (AER)
Fixed until 12th May 2010 at 3.20% (Tax free/AER) for balances between £25,000 - £39,999 and 3.60% (Tax free/AER) for balances £40,000 and over. After the fixed rate period, rate payable will revert to the variable Cash ISA rate (see rates leaflet for details).
Tax Status
Interest is Tax Free provided the account continues to satisfy the ISA regulations.
Conditions for Bonus Payment
Not applicable as there is no bonus associated with this product.
Withdrawal Arrangements
No withdrawals until maturity date of 12th May 2010. After this date, withdrawals can be made without notice or penalty.
Access
In person via branches and agencies or by post.
*AER stands for Annual Equivalent Rate and illustrates what the interest rate would be if interest was paid and added each year. Scottish Building Society has branches and local offices throughout Scotland. Authorised and regulated by the Financial Services Authority. FSA Register No 206034. Complaints we cannot settle may be referred to the Financial Ombudsman Service.
Celebrate 4.50% Gross 4.55% AER* At this rate you really will feel like a celeb.
W
hen the Scottish Building Society started out in 1848, Karl Marx & Friedrich Engels had just published the Communist Manifesto, the California Gold Rush was underway and the Carnegie family were leaving Scotland for America. Ireland was in the grip of the potato famine and the Highland Clearances were ravaging Scotland.
Fast forward 160 years and we find Scotland’s first Building Society still going strong and meticulously preparing for the next 160 years.
Celebrate our first 160 years with this limited edition Thistle 160 Bond. We guarantee a return of 4.50% Gross (4.55% AER) for a fixed six month period. Please note that this is a limited issue and may be withdrawn without notice. The Thistle 160 Bond is issued on a first-come first-served basis. So hurry.
For further information call:
0131 313 7700 Or check the details online:
www.scottishbs.co.uk Head Office: SBS House, 193 Dalry Road, Edinburgh EH11 2EF *AER stands for the Annual Equivalent Rate and illustrates what the interest rate would be if interest was paid and added each year. Gross indicates the interest rate without deduction of tax.
4.50 4.55
% % AER*
NEW Limited Edition Fixed rate for 6 months
Thistle 160 Bond
Thistle 160 Bond Fixed Rate a healthy return for lump sum savings You have the certainty of knowing that the rate of 4.50% (Gross) 4.55%(AER) is fixed for an initial period of 6 months. You can choose to continue your account beyond this period and the rate will become variable (see Summary Box below). Please note that this is a limited issue and may be withdrawn without notice.
How much do I need to open an account?
How to open an account
You can open an account with any amount between £1,000 and £500,000 - but this must be in one lump sum, as you cannot add to your account once it is opened.
Simply complete an application form, which can be obtained at any Scottish Building Society branch or local office, or from our website www.scottishbs.co.uk and take it with your initial investment to your nearest office. If you find it more convenient, please send your initial investment and completed application form to FREEPOST RLYC-AAGE-YURH, Scottish Building Society, SBS House, 193 Dalry Road, Edinburgh EH11 2EF (no stamp required). We will then forward your passbook to you. To comply with legislation, we will need to verify your identity and address. You can find out further information about how we do this from any Society office or from our website.
How can I make withdrawals from my Thistle Bond? The account is designed to be a home for money that can be left untouched and there can be no withdrawals during the six month term of this special 160th Anniversary Thistle Bond. When the fixed rate term ends, you will have one calendar month to make withdrawals without notice or penalty. We will write to inform you of this before your term ends. If you choose to continue your investment, you can then make withdrawals or close your account subject to 90 days’ notice (or immediately subject to 90 days’ loss of interest on the amount withdrawn).
When is the interest due? Interest will be added to your account on maturity.
Your Right to Cancel If you wish to change your mind about any savings or investment account, please contact us within 14 days of opening the account. We will help you switch to another account with any interest us or return your money in full together with earned (without notice period or charges).
Summary Box: Key Product Information for this Savings Account Account Name
160th Anniversary Thistle Bond
Interest Rate (AER)
4.50% Gross (4.55% AER) fixed for six months. Reverts to Thistle Bond variable rate after six months (please see separate rates leaflet for details).
Tax Status
Interest is normally paid or credited after deduction of income tax at the savings rate of 20%. Interest may be paid gross where you are eligible for interest without tax deducted and where you complete the required declaration.
Conditions for Bonus Payment
Not applicable as there is no bonus associated with this product.
Withdrawal Arrangements
No withdrawals during the the initial six month term. If investment is continued, withdrawals permitted subject to 90 days’ notice (or 90 days’ loss of interest on the amount withdrawn).
Access
In person via branches and agencies or by post.
*AER stands for the Annual Equivalent Rate and illustrates what the interest rate would be if interest was paid and added each year. Gross indicates the interest rate without deduction of tax. Scottish Building Society has branches and local offices throughout Scotland. Authorised and regulated by the Financial Services Authority. FSA Register No 206034. Complaints we cannot settle may be referred to the Financial Ombudsman Service.
Head Office: SBS House, 193 Dalry Road, Edinburgh EH11 2EF For further information call:
0131 313 7700
www.scottishbs.co.uk
Scottish Bond Fixed Rate Gross AER
a healthy return for lump sum savings You have the certainty of knowing that the rate of 3.50% (Gross/AER) is fixed for an initial period of 12 months.
Scottish Bond
You can choose to continue your account beyond this period and the rate will become variable (see Summary Box below).
Fixed rate for 12 months
Please note that this is a limited issue and may be withdrawn without notice.
How much do I need to open an account?
When is the interest due?
You can open an account with any amount between £1,000 and £500,000 - but this must be in one lump sum, as you cannot add to your account once it is opened.
Interest will be added to your account on the anniversary of the date it is opened. Or, if you prefer, the interest can be transferred to another account with us or paid to your bank.
How can I make withdrawals from my Thistle Bond?
To open an account, simply complete an application form, which can be obtained at any Scottish Building Society branch or local office, or from our website www.scottishbs.co.uk and take it with your initial investment to your nearest office. If you find it more convenient, please send your initial investment and completed application form to FREEPOST RLYC-AAGE-YURH, Scottish Building Society, SBS House, 193 Dalry Road, Edinburgh EH11 2EF (no stamp required). We will then forward your passbook to you. To comply with legislation, we will need to verify your identity and address. You can find out further information about how we do this from any Society office or from our website.
The account is designed to be a home for money that can be left untouched. However, we have built some flexibility. During the initial period of the account, you have instant access but any withdrawal will be subject to a penalty equivalent to 90’ days interest on the amount withdrawn. You cannot avoid this penalty by giving notice. If you choose to withdraw only part of your balance, you must leave at least the minimum balance shown above to keep the account open. When the fixed rate term ends, you will have one calendar month to make withdrawals without notice or penalty. We will write to remind you of this shortly before your term ends. If you choose to continue your investment, you can then make withdrawals or close your account subject to 90 days’ notice (or 90 days’ loss of interest on the amount withdrawn).
Account Name Interest Rate (AER) Tax Status Conditions for Bonus Payment Withdrawal Arrangements Access
How to open an account
Your Right to Cancel If you wish to change your mind about any savings or investment account, please contact us within 14 days of opening the account. We will help you switch to another account with us or return your money in full together with any interest earned (without notice period or charges).
Summary Box: Key Product Information for this Savings Account Scottish Bond Fixed Rate Issue 10 3.50% (Gross/AER) fixed for one year. Reverts to the Thistle Bond variable (Year 2) rate after twelve months, (please see separate rates leaflet for details). Interest is normally paid or credited after deduction of income tax at the savings rate of 20%. Interest may be paid gross where you are eligible for interest without tax deducted and complete the required declaration. Not applicable as there is no bonus associated with this product. During first year a penalty equivalent to 90 days’ interest will be charged on the amount withdrawn. If continued after the initial term, withdrawals permitted subject to 90 days’ notice (or 90 days’ loss of interest on the amount withdrawn). In person via branches and agencies or by post.
*AER stands for the Annual Equivalent Rate and illustrates what the interest rate would be if interest was paid and added each year. Gross indicates the interest rate without deduction of tax. Scottish Building Society has branches and local offices throughout Scotland. Authorised and regulated by the Financial Services Authority. FSA Register No 206034. Complaints we cannot settle may be referred to the Financial Ombudsman Service.
Head Office: SBS House, 193 Dalry Road, Edinburgh EH11 2EF For further information call:
0131 313 7700
www.scottishbs.co.uk ISSUE DATE 12/08
How much do I need to open an account? You can open an account with any amount between £1,000 and £500,000 – but this must be one lump sum, as you cannot add to your account once it is opened.
How can I make withdrawals from my Heritage Bond? The account is designed to be a home for money that can be left untouched. However, we have built in some flexibility. During the initial period of the account, you have instant access – but any withdrawals will be subject to a penalty equivalent to 120 days’ interest on the amount withdrawn. You cannot avoid this penalty by giving notice. If you choose to withdraw only part of your balance, you must leave the minimum balance shown above to keep the account open. When the fixed rate term ends, you will have one calendar month to make withdrawals without notice or penalty. We will write to remind you of this shortly before your term ends. If you choose to continue your investment, you can then make withdrawals or close your account subject to 90 days’ notice (or 90 days’ loss of interest on the amount withdrawn).
When is the interest due? The interest will be added to your account on 22nd February each year including maturity in 2012. The interest can be added
to your account or, if you prefer, transferred to another account with us or paid into your bank.
How to open an account Simply complete an application form, which can be obtained at any Scottish Building Society branch or local office, or from our website www.scottishbs.co.uk and take it with your initial investment to your nearest office. If you find it more convenient, please send your initial investment and completed application form to FREEPOST RLYC-AAGE-YURH, Scottish Building Society, SBS House, 193 Dalry Road, Edinburgh EH11 2EF (no stamp required). We will then forward your passbook to you. To comply with legislation, we will need to verify your identity and address. You can find out further information about how we do this from any Society office or from our website.
Your Right to Cancel If you wish to change your mind about any savings or investment account, please contact us within 14 days of opening the account. We will help you switch to another account with us or return your money in full together with any interest earned (without notice period or charges).
Summary Box: Key Product Information for this Savings Account Account Name
Three Year fixed rate Heritage Bond
Interest Rate (AER)
3.50% Gross/AER ( 2.80% net) fixed for three year period until 22nd February 2012. Reverts to Thistle Bond variable (Year 2 Rate) after maturity date. (See rates leaflet for details)
Tax Status
Interest is normally paid or credited after deduction of income tax at the savings rate of 20% and the net interest rate shown illustrates the effect of this. Interest may be paid gross where you are eligible for interest without tax deducted and complete the required declaration.
Conditions for Bonus Payment
Not applicable as there is no bonus associated with this product.
Withdrawal Arrangements
During the bond period of three years until 22nd February 2012, a penalty equivalent to 120 days’ interest will be charged on the amount withdrawn. If continued after the initial term, withdrawals permitted subject to 90 days’ notice (or 90 days’ loss of interest on the amount withdrawn).
Access
In person via branches and agencies or by post.
*AER stands for Annual Equivalent Rate and illustrates what the interest rate would be if interest was paid and added each year. Gross indicates the interest rate without deduction of tax. Scottish Building Society has branches and local offices throughout Scotland. Authorised and regulated by the Financial Services Authority. FSA Register No 206034. Complaints we cannot settle may be referred to the Financial Ombudsman Service.
That’s the way your money grows. ISA Balance Tra nsfer
6.25%
TAX FREE/AER
Fixed rate for 12 months Our new ISA Balance Transfer has a rate of return which makes your investment work that bit harder, grow that bit faster.
www.scottishbs.co.uk
Thistle set the heather on fire.
Thistle Bond Fixed rate for 12 months Scotland’s first Building Society introduces our new limited edition Thistle Bond for a healthy return on your savings.
www.scottishbs.co.uk
n
6.80%
Editi o ted
W Limi NE
Gross AER
Head Office: SBS House, 193 Dalry Road, Edinburgh EH11 2EF For further information call:
0131 313 7700 www.scottishbs.co.uk