Scarborough Building Society Escalator Bond Step 2
Compare the Scarborough Building Society Escalator Bond (Step 2) with the UK's best savings, including savings details, application criteria, introductory rates, rates, managing account and fees & charges.
 |  Compare Scarborough Building Society Escalator Bond (Step 2) details directly with other savings or compare savings using our savings comparison tables. | ||
| Company: | Scarborough Building Society www.scarboroughbs.co.uk | ||
| Product: | Escalator Bond (Step 2) | ||
| Apply via this site: | Not available | ||
| Savings Details | |||
 Account Type: | Term | ||
| Rate Type: | The type of interest rate is variable. | ||
| Headline Interest Rate: | The headline interest rate is 4.58% AER. | ||
| Interest Rate Guarantees: | The interest rate is guaranteed to be at least 1.80% above the Bank Base Rate until 31st October 2010. | ||
| Application Criteria | |||
| Existing Customer Only: | No | ||
| Minimum Age: | The minimum age is 7 years. | ||
| Area Restrictions: | There are no area restrictions that apply to this account. | ||
| Minimum Investment: | The minimum investment to open this account is £1000. | ||
| Maximum Investment: | The maximum investment is £1000000. | ||
| Minimum Balance: | The minimum balance is £100. If the balance falls below this amount the customer will receive the Variable Base Savings Rate. | ||
| Open to UK Residents: | This product is available to UK residents. | ||
| Introductory Rates | |||
| Introductory Bonus: | No introductory bonus payable. | ||
| Incentives Offered: | There are no free gifts or incentives offered with this account. | ||
| Rates | |||
| Tax Free: | This product is not tax free. | ||
| Open-ended Bonus: | No open-ended bonus payable. | ||
| Rate Tiers: | Gross Rate Gross Rate AER Excluding Bonus Including Bonus £1,000 4.80% 4.80% 4.58% | ||
| Fixed Term: | This account has a fixed term until 31/10/2010. | ||
| Fixed Term in Months: | The fixed term of this account is 24 months. | ||
| Fixed Interest Rate: | The interest rate is not fixed. | ||
| Term Date: | The account ends on 31 Oct 2010. | ||
| Fixed Rate Period: | The interest rate is fixed until 31/10/2010. | ||
| Interest Payment Freq: | Interest is paid monthly. | ||
| Managing Account | |||
| Passbook: | A passbook is not issued when this account is opened. | ||
| Transactions at Branch: | Transactions can be made at a branch. | ||
| Statement Frequency: | Statements are issued annually. | ||
| Transactions by Phone: | Transactions can be made by telephone. | ||
| Transactions by Internet: | Transactions cannot be opened via the internet. | ||
| Transactions by Post: | Transactions can be made by post. | ||
| Special Access: | One penalty free withdrawal of up to 50% of the initial investment is permitted until 31st October 2010.Closure subject to 90 days loss of int. | ||
| Withdrawal Conditions: | Withdrawal Conditions - One penalty free withdrawal of up to 50% of the initial investment is permitted until 31st October 2010. Closure is permitted prior to maturity subject to 90 days loss of interest. | ||
| Closure Before Maturity: | This account can be closed before maturity. | ||
| Transferred on Maturity: | The account will mature into an Easy Saver Account. | ||
| Fees & Charges | |||
| Withdrawal Notice: | One penalty free withdrawal of up to 50% of the initial investment is permitted until 31st October 2010 without notice, penalty, or charge. | ||
| Withdrawal Penalty: | One penalty free withdrawal of up to 50% of the initial investment is permitted until 31st October 2010 without notice, penalty, or charge. | ||
| Withdrawal Charge: | One penalty free withdrawal of up to 50% of the initial investment is permitted until 31st October 2010 without notice, penalty, or charge. | ||
| Compare | |||
| Products: | www.scarboroughbs.co.uk Savings | ||
