Withdrawn Accounts
The following are accounts that are no longer available to new investors. The table below provides you with current interest rates and the previous rate payable as well as any conditions specific to the product.
Unless otherwise stated, existing holders of these accounts can continue to operate the account in line with the Key Product Features.
|
Whiteaway Laidlaw Bank Notice Accounts |
|
60 Day Bonus Account |
| Deposit (£) |
Date Withdrawn |
AER% |
Gross% |
Net% |
Previous AER% to 6/3/2009 |
1,000 - 100,000
|
07/2010
|
2.56*
|
2.56
|
2.05
|
3.06 |
- This is a notice account where withdrawals can only be made by providing 60 days' notice in writing. At the Bank's discretion withdrawals may be made without notice on payment of a penalty of 14 days interest of the amout withdrawn.
- The interest rate is variable and will be altered at the Bank's discretion.
- Interest is calculated on cleared credit balances on a daily basis and applied annually on 30th June.
- Statements are issued annually.
- *This rate includes a 1% bonus paid for the first 12 months after the account was opened.
|
|
35 Day Notice Account |
| Deposit (£) |
Date Withdrawn |
AER% |
Gross% |
Net% |
Previous AER% |
1,000 - 50,000
|
01/2010
|
3.31
|
3.31
|
2.65
|
N/A
|
- This is a notice account where withdrawals can only be made by providing 35 days' notice in writing or be subject to a penalty equivalent to 35 days' loss of interest on the amount withdrawn.
- The interest rate is variable and will be altered at the Bank's discretion.
- Interest is calculated on cleared credit balances on a daily basis and applied annually on 31st December.
- Statements are issued annually.
|
|
60 Day Notice Direct Account |
| Deposit (£) |
Date Withdrawn |
AER% |
Gross% |
Net% |
Previous AER%
|
1,000 - 100,000
|
05/2010
|
3.00
|
3.00
|
2.40
|
N/A
|
- This is a notice account where withdrawals can only be made by providing 60 days' notice in writing. Maximum of four withdrawals per year
- The interest rate is variable and will be altered at the Bank's discretion.
- Interest is calculated on cleared credit balances on a daily basis and applied annually on 31st December.
- Statements are issued annually.
|
|
60 Day Notice Account |
| Deposit (£) |
Date Withdrawn |
AER% |
Gross% |
Net% |
Previous AER% to 5/3/2009
|
1,000 - 100,000
|
02/2008
|
2.16
|
2.16
|
1.73
|
2.66
|
- This is a notice account where withdrawals can only be made by providing 60 days notice in writing or be subject to a penalty equivalent to 60 days loss of interest on the amount withdrawn.
- The interest rate is variable and will be altered at the Bank's discretion.
- Interest is calculated on cleared credit balances on a daily basis and applied annually on 31st December.
- Statements are issued annually.
|
|
45 Day Bonus Account |
| Deposit (£) |
Date Withdrawn |
AER% |
Gross% |
Net% |
Previous AER% to 17/7/2009
|
1,000 - 50,000
|
05/2009
|
3.06*
|
3.06
|
2.45
|
3.36
|
- This is a notice account where withdrawals can only be made by providing 45 days notice in writing. Maximum of six withdrawals in any one calendar year.
- The interest rate is variable and will be altered at the Bank's discretion.
- Interest is calculated on cleared credit balances on a daily basis and applied annually on 31st December.
- Statements are issued annually.
- *This rate includes a 1% bonus paid for the first 12 months after the account was opened.
|
Points to Note
- Whiteaway Laidlaw Bank is a participant in the Financial Services Compensation Scheme. If we cannot meet our financial obligations to you, you may be entitled to compensation under the scheme - full details are provided here
- AER stands for Annual Equivalent Rate and illustrates what the rate would be if interest was paid and added to the account each year.
- We will deduct income tax from the interest payments at the rate applicable to savings income unless you are entitled to receive interest gross.Where balances fall below the minimum for Your account an interest rate of 0.05% GROSS/AER will apply.
Downloads
