Suitable for a SIPP or a SSAS
Minimum deposit £10,000
No partial withdrawals are permitted throughout the 5 year term
Investment Deadline: 17th August 2012 (we need to have received your application form by 16th August 2012)
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Scottish Widows Bank and Fair Investment Company Limited have teamed up to offer you a range of savings accounts. By choosing to open an account through Fair Investment Company Limited, Scottish Widows Bank will consider them your introducer. Fair Investment Company Limited will receive 0.3% commission annually based on the average balance of your account. This does not affect the interest rate advertised or your savings account in any way.
AER – Stands for the Annual Equivalent Rate and illustrates what the interest rate would be if interest was paid and compounded once each year. Please note that other interest payment periods are available and the actual interest rate on your account will be lower if you have interest applied more frequently, but when compounded will equal the AER. (As every advertisement for a savings product which quotes an interest rate will contain an AER, you will be able to compare more easily what return you can expect from your savings over time).
Gross – This is the contractual rate of interest payable before the deduction of income tax at the rate specified by law (currently 20%).