Christmas Saver 30 Day Notice

This account offers a variable rate of interest, as follows:

We may change interest rates at any time if we reasonably believe that the change is needed, for any of the reasons outlined in the Savings Account Terms and Conditions booklet, Condition 7.

If you made the initial deposit of £100 on 1 November 2025, and saved £100 on the first day of each subsequent month, the estimated balance at the end of the term would be £1,232.50.

These figures are provided for illustrative purposes only and assume there are no changes to the interest rate paid on the account over the term and no withdrawals are made. They do not take into account your individual circumstances.

You need to be 18 or older to open this account. It cannot be opened or managed on behalf of a child. You can open it on your own or jointly with someone else who is also 18 or over. However, you can only save in one Christmas Saver account at a time.

This account can be opened and managed by post or at any of our branches and agencies. Simply complete the application form and take it with your opening deposit*, or post them to us at the address in this document. Please make cheques payable to the account holder(s).

*Your opening deposit must be paid in within 5 business days of the account being opened, or you will need to start the application process again. If you wish to pay this by electronic transfer, use the details that we will send you when the account is open.

The minimum deposit required to open (and keep in) the account is £1. You can add more money whenever you wish, but the maximum you can add during each calendar month is £100. If you make a deposit that causes you to go over the monthly limit, the whole deposit will be returned to you.

The maximum account balance (not including interest) is £1,200. This is equal to adding the maximum amount of £100 each month.

On the 1 November 2026 your account will become an Easy Access Account. Then, you can add money with no monthly limit and withdraw money without notice or penalty.

Yes, but with this account you must give us 30 days’ notice. Instant withdrawals (without giving the required notice) are not allowed.

You can give us the required 30 days’ notice in writing, by phone, by visiting a branch or agency.

You will have a ‘withdrawal window’ of 14 days after the 30-day notice period during which to make the withdrawal. If you do not withdraw the requested amount by the end of that 14-day window, you will need to give the full 30 days’ notice again.

All withdrawals are subject to our daily limits, as outlined in our Savings Account Terms and Conditions booklet.

Note that you cannot give notice to withdraw an amount greater than the balance of your account at the time of giving notice (taking into account any other notice period already being processed).

We will write to you before 1 November 2026 to advise you that your account is about to mature and will automatically change to a Easy Access Account.

Personal Savings Allowance is the amount of interest you can earn before paying tax on it. If you are a basic taxpayer, you can earn up to £1,000.00 interest without paying tax. If you are a higher rate taxpayer, you can earn up to £500.00 interest without paying tax. If you are a additional rate taxpayer, you cannot earn any interest without paying tax.

If you have savings income over your Personal Savings Allowance, you are responsible for making sure you are paying the correct tax directly to HM Revenue & Customs.

* Gross rate – the annual rate of interest to be paid on a savings account without any deduction being made in respect of personal Income Tax liability.

** AER – stands for Annual Equivalent Rate and illustrates what the interest rate would be if interest was paid and added once a year.