 |
Standard
• instant access 3.94% to 4.70%
Premium
• instant access above £5,000 balance 4.45% to 5.22%
Cash ISA
• up to £3,600 deposit per year tax-free interest instant access
5.15%
Present rate of interest (AER*) * AER = Annual Equivalent Rate
FULL
DETAILS OF INTEREST RATES TIERS
Please download the separate leaflet
for details of our Child Trust Fund Savings Account pictured
right.
 DOWNLOAD CHILD TRUST FUND LEAFLET
In addition to our own product we are required under the regulations to make available a stakeholder product, and this is the HSBC Child Trust Fund.
Methodist Ministers' Saving Scheme
• the 'MMSS' account is open to all Methodist Ministers, Supernumeraries, members of the Diaconate and lay workers, and a requirement for eligibility is that deposits are made by deduction from stipend or pension
• instant access 4.19% to 4.96%
The Company is glad to be receiving longer term support in the form
of major deposits from the Connexional Property Fund, the Home Mission Fund, and the London Mission Fund.
Further information
You can telephone, fax or e-mail
us and we will send you a pack of information.
John Wells, the Chief Executive,
David Jackson, Company Accountant, Kath Nicholson and Sue Lynn,
Administrative Assistants form a friendly team who will be pleased
to assist you with any questions you may wish to raise. Should you
have any queries, do not hesitate to contact us by telephone, fax,
e-mail or letter at the address shown below:
1 Telford Terrace, Albemarle Road, York, YO24 1DQ
Tel: 01904 622150 Fax: 01904 672727
E-mail: mcaa@methodistchapel.co.uk
Notes
INTEREST
a) Interest is credited to deposit
accounts on 15 May and 15 November.
b) Interest is credited to the Standard, Premium and MMSS Accounts
net of lower rate tax, other than where there is an entitlement
to have interest credited without deduction of tax and the entitlement
is supported by the appropriate documentation. The main categories
for gross interest are churches, circuits and other registered charities
and clubs, and also individuals either whose income is less than
their tax allowance or who are not ordinarily resident in the UK.
c) AER is the annual equivalent rate for deposits taking account
of the compounding effect of interest being credited half yearly.
d) The rates quoted are current from 1 March 2008 and are subject
to change without notice at any time.
WITHDRAWALS
Immediate withdrawal may be made from any account on receipt of
written application. Please note that 90 days' notice is required
for withdrawals from the Premium Account to be made without penalty.
Withdrawals made without such notice are subject to a penalty equivalent
to 90 days' interest. However, where the balance after withdrawal
amounts to at least £5,000, the penalty is waived. A maximum of
£75,000 may be withdrawn from the Premium Account without penalty
in any 30 day period. Withdrawals in excess of £75,000 in any 30 day period will be subject to a penalty equivalent to 30 days' interest on the excess.
The information on this website is correct as at March 2008
|
|
