Direct access savings - Intelligent Finance

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	Direct Access Savings

			Enjoy instant access and an unlimited number of withdrawals. What's more, by linking your Intelligent Finance current account to your direct access savings, you'll automatically receive the direct access savings rate of interest on your entire current account balance - even with as little as �1 in savings Can form part of an Offset plan


	Have the flexibility to deposit or withdraw as much or as little as you like, as often as you like - whilst still enjoying a top rate of 4.75% AER GROSS variable. And because we calculate interest on the basis of daily balances, you can be sure that every penny you save is working for you.
		Offset your direct access savings with your mortgage you could reduce the amount of interest you pay. Explore offsetting to find out more
		No charges to make a withdrawal or to close your account
		Start saving with as little as �1
		If you're eligible, you can have your savings paid gross


	Compare repayment
	Mortgage amount:		Present savings:
�		�
	Based on a repayment mortgage over 25 years



	Saved by offsetting

These figures are based on the assumption that it is a repayment mortgage, over a 25 year repayment term, the rate of interest is 5.95% (6.1% APR) with a 1.6% discount for 3 months and that the interest rate and the amounts held in the current account and savings remain constant throughout the term of the mortgage. It also assumes that no payment holidays are taken, that no money is borrowed and that the monthly payment is reviewed only when interest rates change but that rates remain the same during the term of the mortgage. Rates correct as at 12.09.04.

What does it mean?

Gross rate:
The rate of interest you're paid before the deduction of income tax

AER:
The total interest you're paid on your savings and current account

View all definitions


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