Important information about compensation arrangements

We are covered by the Financial Services Compensation Scheme (FSCS). The FSCS can pay compensation to depositors if a building society is unable to meet its financial obligations. Most depositors - including most individuals and small businesses - are covered by the scheme.

In respect of deposits, an eligible depositor is entitled to claim up to £50,000. For joint accounts each account holder is treated as having a claim in respect of their share so, for a joint account held by two eligible depositors, the maximum amount that could be claimed would be £50,000 each making a total of £100,000. The £50,000 limit relates to the combined amount in all the eligible depositor’s accounts with the building society, including their share of any joint account, and not to each separate account.

For further information about the scheme (including the amounts covered and eligibility to claim) please ask at your local branch, refer to the FSCS website www.FSCS.org.uk or call 020 7892 7300.

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Melton online savings savings accounts children's savings accounts tax free savings accounts how to apply interest rates previous rates savings terms & conditions checking your identity contact us general information 0216 savers If you are under 16 years of age, we have an account just for you.  Whatever money you are saving, whether it is your pocket money or birthday money the 0216 Savers account enables you to save your money as little and as often as you wish and we will then add more money to it called interest.  You may be saving for your holidays or your first car or for university; whatever the reason you can also take your money out whenever you need it.  Summary Box Key Product Information for our Savings Account(s) Account Name 0216 Savers Interest Rates (AERs) See separate interest rate table Tax Status Net of Income Tax unless you have registered to receive this gross Conditions for Bonus Payment n/a Withdrawal Arrangements Instant access Access Branch, agency or post how much do I need to open an account? You can open an account with a minimum of £5 and can save up to £50,000 (not including interest). An 0216 Savers account can only be opened in your sole name and any money in the account will belong to you and not any counter-signatories to your account. how do I make withdrawals? You can make withdrawals from your account without notice or penalty by visiting a branch of agency of the Society (subject to the limits explained in our investment terms and conditions within this brochure) or by forwarding your passbook with your written instructions to us. A parent or guardian must authorise all withdrawals until you reach 7 years of age.  For withdrawals over £50 a counter-signatory is required where you are aged between 7 and 16 years of age. when do I receive interest on my account? Interest is added to your account on 1 March each year. The interest rates are variable and current details are shown below and on the interest rates page. what happens when I reach 16? When you are 16 years of age you must move your money out of the 0216 Savers account.  Unless you tell us otherwise, we will transfer your account to an Instant Access Share account, and the terms and conditions of that account will apply at that time. balance interest paid gross interest gross AER net interest net AER £5+ Annually 0.60 0.60 0.48 0.48 instant access share 30 day notice loyalty saver DLRAA affinity cash ISA 0216 savers online easy save online 30 day notice online loyalty saver home about us news careers