|Name of Account and Rate|
|Provider:||BANK OF SCOTLAND|
|Name of Account:||High Interest Current Account|
|Credit Interest Rate (gross):||2.47 %|
|Interest Rate:||2.5 %|
|Availability Information:||UK residents aged 18 or over may apply. Applicants must not have been declared bankrupt/insolvent or had CCJs/decrees in the last 3 years.|
|Minimum Income Required:||No minimum.|
|Free Banking If In Credit:||Yes|
|Investment Conditions:||The account must be credited with £1,000 or more per month. If customers do not make payments of at least £1,000 for 2 consecutive months, credit balances will earn 0.10% Gross/AER until the account receives funding of £1,000 or more for 3 consecutive months. Minimum opening amount is £1.00.|
|Withdrawal Access:||Instant access. Withdrawals of up to £1,200 may be made per day without notice at any Bank of Scotland branch.|
|Benefits And General Notes:||
An account switching service is available which will transfer standing orders, Direct Debits, salary payments and other regular credits to a customer's new Bank of Scotland current account.
A switcher's overdraft for 120 days, interest and charge free.
24 hour access via online and telephone banking.
Interest is calculated daily and paid monthly.
|Multi Function Card:||The account must be credited with cleared funds of £100 before Bank of Scotland will issue a multi function card.|
|Debit System:||Visa. Transactions abroad are subject to a conversion fee of 2.75%. Bank of Scotland will also deduct a service charge of £1.50 for each transaction.|
|ATM and Cash Withdrawal Notes:||
Withdrawals of up to £300 a day can be made free of charge at Bank of Scotland and Halifax ATMs.
Cash withdrawals abroad are subject to a conversion fee of 2.75%. Bank of Scotland will also deduct a service charge of £1.50 for each transaction.
|Cheque Guarantee Card:||N/A|
|Standing Orders / Direct Debits:||Both facilities are available.|
|Authorised Overdraft Arrangement Fee:||Nil|
|Authorised Usage Fee:||Nil|
|Fee Free Overdraft Limit:||£0|
|Interest Free Overdraft Limit:||£0|
|Authorised Overdraft Interest (pm/EAR):||1.24% per month / 15.9% EAR|
|Unauthorised Overdraft Interest (pm/EAR):||2.13% per month / 28.8% EAR|
|Unauthorised Overdraft Fees:||See "Other Information".|
The authorised overdraft rate for customers funding their account with less than £1,000 per month is 1.50% p.m./19.5% EAR, the unauthorised overdraft rate is 2.20% p.m./29.8% EAR.
New customers who indicate that they are transferring their main current account to Bank of Scotland will not pay any charges (except charges for special services and cash machine charges) for the first 4 months after opening a Bank of Scotland High Interest Current Account.
Bank of Scotland will provide up to 5 free replacement cards per account within a 12 month period. Requests for a 6th replacement card or more over a 12 month period (commencing from the date the account is opened) will incur a charge of £5.00.
If the application of a paid or unpaid item causes a customer's balance to enter into an unarranged overdraft, then the unarranged overdraft fee will not apply.
Charge for exceeding an authorised overdraft at any time during any calendar month: £28.
Paid item charge: £35 for each transaction (maximum of 3 charges per day).
Unpaid cheques, standing orders and Direct Debits: £35 per item (maximum of 3 charges per day).
Stopped cheques (except for lost/stolen cheques): £7.50.
Extra statements: £5.00.
CHAPS payment: £25.
Banker's draft: £20.