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bira bank One Month Notice Deposit Account Terms and Conditions+

Description of product:
The One Month notice account is a deposit account denominated in Pounds Sterling where, subject to 1 month or
more notice, withdrawals against cleared funds may be made. No early withdrawals are permitted.
1. Eligibility –
a. To have the account you must be at least 18 years old
b. Available to bira members and their employees, their associates and bira staff
c. Available to personal and business customers
d. Accounts can be opened in sole name or held jointly
e. A fully completed application form is required in all cases before an account can be opened together
with cleared funds as paid in below (see 2.d)
2. Deposits and Withdrawals –
a. The minimum deposit we can accept is £1,000 per individual or company and the maximum deposit
is £250,000 (subject to your overall total placement with bira bank being no more than £375,000,
excluding accrued interest, at any one time)
b. Withdrawals or early closure of this notice deposit account are subject to one months’ notice in
writing to us, counted from the day we receive such notice
c. Only in the event of the death of either one or both (if joint) account openers will we repay your
deposit and interest up to date of early closure on receipt of a request to do so
d. You can pay money into this account either by cheque made out to bira bank and drawn on an
account in your name, by making an electronic transfer from another account in your name or by
requesting an internal transfer from another account which you may hold through bira bank
3. Interest –
a. The interest applicable to this account is variable and will be advised on our website
b. Interest is calculated daily on the cleared balance in the account.
c. We will inform you about any changes to the interest rate or changes to any other terms of the
account by giving you at least 14 days’ notice in writing and this can be done by letter, email or in
any other way which is sent to the authorised account holder individually.
d. We will update our website within three business days of a rate change taking effect.
e. If the due interest date is a Saturday, Sunday or UK Bank Holiday interest will be calculated up to and
including the day(s) in question and credited on the next working day.
f. Interest will be paid into the account half yearly in March and September or on closure of the
account if this happens sooner
4. Term –
a. This account has no fixed term in that it is until further notice, unless one months’ notice in writing
has been received by us
5. Tax Status ‐
a. Interest is paid gross (without taking off tax).
b. If you earn more interest than the Personal Savings Allowance, you may have to pay additional tax
yourself.
c. The Personal Savings Allowance is £1,000 pa for basic rate taxpayers and £500 pa for higher rate
taxpayers. Additional rate taxpayers do not receive a Personal Savings Allowance

bira bank Three Months’ Notice Deposit Account Terms and Conditions+

Description of product:
The 3 months’ notice account is a deposit account denominated in Pounds Sterling where, subject to 90 days or
more notice, withdrawals against cleared funds may be made. No early withdrawals are permitted.
1. Eligibility –
a. To have the account you must be at least 18 years old
b. Available to bira members and their employees, their associates and bira staff
c. Available to personal and business customers
d. Accounts can be opened in sole name or held jointly
e. A fully completed application form is required in all cases before an account can be opened together
with cleared funds as paid in below (see 2.d)
2. Deposits and Withdrawals –
a. The minimum deposit we can accept is £1,000 per individual or company and the maximum deposit
is £250,000 (subject to your overall total placement with bira bank being no more than £375,000,
excluding accrued interest, at any one time)
b. Withdrawals or early closure of this notice deposit account are subject to 3 months’ notice in writing
to us, counted from the day we receive such notice
c. Only in the event of the death of either one or both (if joint) account openers will we repay your
deposit and interest up to date of early closure on receipt of a request to do so
d. You can pay money into this account either by cheque made out to bira bank and drawn on an
account in your name, by making an electronic transfer from another account in your name or by
requesting an internal transfer from another account which you may hold through bira bank
3. Interest –
a. The interest applicable to this account is variable and will be advised on our website
b. Interest is calculated daily on the cleared balance in the account
c. We will inform you about any changes to the interest rate or changes to any other terms of the
account by giving you at least 14 days’ notice in writing and this can be done by letter, email or in
any other way which is sent to the authorised account holder individually
d. We will update our website within three business days of a rate change taking effect
e. If the due interest date is a Saturday, Sunday or UK Bank Holiday interest will be calculated up to and
including the day(s) in question and credited on the next working day
f. Interest will be paid into the account half yearly in March and September or on closure of the
account if this happens sooner
4. Term –
a. This account has no fixed term in that it is until further notice, unless 3 months’ notice in writing has
been received by us
5. Tax Status –
a. Interest is paid gross (without taking off tax).
b. If you earn more interest than the Personal Savings Allowance, you may have to pay additional tax
yourself.
c. The Personal Savings Allowance is £1,000 pa for basic rate taxpayers and £500 pa for higher rate
taxpayers. Additional rate taxpayers do not receive a Personal Savings Allowance

bira bank 185 Day Notice Deposit Account Terms and Conditions+

Description of product:
The 185 day notice account is a deposit account denominated in Pounds Sterling where, subject to 185 days or more
notice, withdrawals against cleared funds may be made. No early withdrawals are permitted.
1. Eligibility –
a. To have the account you must be at least 18 years old
b. Available to bira members and their employees, their associates and bira staff
c. Available to personal and business customers
d. Accounts can be opened in sole name or held jointly
e. A fully completed application form is required in all cases before an account can be opened together
with cleared funds as paid in below (see 2.d)
2. Deposits and Withdrawals –
a. The minimum deposit we can accept is £25,000 per individual or company and the maximum deposit
is £250,000 (subject to your overall total placement with bira bank being no more than £375,000,
excluding accrued interest, at any one time)
b. Withdrawals or early closure of this notice deposit account are subject to 185 days’ notice in writing
to us, counted from the day we receive such notice
c. Only in the event of the death of either one or both (if joint) account openers will we repay your
deposit and interest up to date of early closure on receipt of a request to do so
d. You can pay money into this account either by cheque made out to bira bank and drawn on an
account in your name, by making an electronic transfer from another account in your name or by
requesting an internal transfer from another account which you may hold through bira bank
3. Interest –
a. The interest applicable to this account is variable and will be advised on our website
b. Interest is calculated daily on the cleared balance in the account
c. We guarantee that the interest rate will always be at least 0.25% above our best instant access
deposit account rate
d. We will inform you about any changes to the interest rate or changes to any other terms of the
account by giving you at least 14 days’ notice in writing and this can be done by letter, email or in
any other way which is sent to the authorised account holder individually
e. We will update our website within three business days of a rate change taking effect
f. If the due interest date is a Saturday, Sunday or UK Bank Holiday interest will be calculated up to and
including the day(s) in question and credited on the next working day.
g. Interest will be paid into the account half yearly in March and September or on closure of the
account if this happens sooner
4. Term –
a. This account has no fixed term in that it is until further notice, unless 185 days’ notice in writing has
been received by us
5. Tax Status –
a. Interest is paid gross (without taking off tax).
b. If you earn more interest than the Personal Savings Allowance, you may have to pay additional tax
yourself.
c. The Personal Savings Allowance is £1,000 pa for basic rate taxpayers and £500 pa for higher rate
taxpayers. Additional rate taxpayers do not receive a Personal Savings Allowance

bira bank 1 Year (366 Day) Fixed Term Deposit Account Terms and Conditions+

Description of product:
The Term Deposit account is a fixed term, fixed interest rate account. It is a restricted savings
account because withdrawals are not allowed until the end of the term and funds can only be
deposited at the outset
1. Eligibility –
a. To have the account you must be at least 18 years old
b. Available to BIRA members and their employees, their associates and BIRA staff
c. Available to personal and business customers
d. Accounts can be opened in sole name or held jointly
e. A fully completed application form is required in all cases before an account can be
opened together with cleared funds as paid in below (see 2.b)
2. Deposits and Withdrawals –
a. The minimum deposit we can accept is £25,000 per individual or company and the
maximum deposit is £250,000 (subject to your overall total placement with bira
bank being no more than £375,000, excluding accrued interest, at any one time)
b. Money can only be accepted into the account at the outset either by cheque made
out to bira bank and drawn on an account in your name, by making an electronic
transfer from another account in your name or by requesting an internal transfer
from another account which you may hold through bira bank
c. Withdrawals or early closure of this term deposit account are not permitted under
any circumstances during the term except in the event of death of the customer (or
one of them if joint)
d. In the event of death the deposit and interest to the date of early closure will be
repaid if required
3. Interest –
a. The interest applicable to this account is fixed and will be advised on our website
b. Interest is calculated daily on the cleared balance in the account
c. For any Reinvestment (see 5 below) we will inform you about any changes to the
interest rate or changes to any other terms of the account by writing to you at the
time
d. If the due interest date is a Saturday, Sunday or UK Bank Holiday interest will be
calculated up to and including the day(s) in question and credited on the next
working day.
e. Interest will be paid to the account half yearly in March and September or on
closure of the account if this happens sooner
4. Term – This account has a fixed 366 day term
5. Maturity and Reinvestment –
a. At least 30 days before the end of the term we will write to you asking for
instructions about what you would like us to do with your maturing Term Deposit
account
Page 2 of 2
b. If you do not give us instructions before the end of the term (or we cannot
reasonably comply with your instructions) then on the final day of the term (or the
next working day if this falls on a Saturday, Sunday or Bank Holiday), we will reinvest
your Deposit in a new Term Deposit whose term is closest in length to your original
term (if a similar Term Deposit is no longer available then maturing funds will be
held in our standard Deposit account)
c. If we reinvest your maturing Deposit in a new Term Deposit, then any time up to 14
days from the date of reinvestment, you may close your new Term Deposit without
notice and without penalty.
6. Tax Status –
a. Interest is paid gross (without taking off tax).
b. If you earn more interest than the Personal Savings Allowance, you may have to pay
additional tax yourself.
c. The Personal Savings Allowance is £1,000 pa for basic rate taxpayers and £500 pa for
higher rate taxpayers. Additional rate taxpayers do not receive a Personal Savings
Allowance.

bira bank 2 Year Fixed Term Deposit Account Terms and Conditions+

Description of product:
The 2 Year Term Deposit account is a fixed term, fixed interest rate account. It is a restricted savings
account because withdrawals are not allowed until the end of the term and funds can only be
deposited at the outset
1. Eligibility –
a. To have the account you must be at least 18 years old
b. Available to bira members and their employees, their associates and bira staff
c. Available to personal and business customers
d. Accounts can be opened in sole name or held jointly
e. A fully completed application form is required in all cases before an account can be
opened together with cleared funds as paid in below (see 2.b)
2. Deposits and Withdrawals –
a. The minimum deposit we can accept is £25,000 per individual or company and the
maximum deposit is £250,000 (subject to your overall total placement with bira
bank being no more than £375,000, excluding accrued interest, at any one time)
b. Money can only be accepted into the account at the outset either by cheque made
out to bira bank and drawn on an account in your name, by making an electronic
transfer from another account in your name or by requesting an internal transfer
from another account which you may hold through bira bank
c. Withdrawals or early closure of this term deposit account are not permitted under
any circumstances during the term except in the event of death of the customer (or
one of them if joint)
d. In the event of death the deposit and interest to the date of early closure will be
repaid if required
3. Interest –
a. The interest applicable to this account is fixed and will be advised on our website
b. Interest is calculated daily on the cleared balance in the account
c. For any Reinvestment (see 5 below) we will inform you about any changes to the
interest rate or changes to any other terms of the account by writing to you at the
time
d. If the due interest date is a Saturday, Sunday or UK Bank Holiday interest will be
calculated up to and including the day(s) in question and credited on the next
working day.
e. Interest will be paid to the account half yearly in March and September or on
closure of the account if this happens sooner
4. Term – This account has a fixed 2 year term
5. Maturity and Reinvestment –
a. At least 30 days before the end of the term we will write to you asking for
instructions about what you would like us to do with your maturing 2 Year Term
Deposit account
Page 2 of 2
b. If you do not give us instructions before the end of the term (or we cannot
reasonably comply with your instructions) then on the final day of the term (or the
next working day if this falls on a Saturday, Sunday or Bank Holiday), we will reinvest
your Deposit in a new Term Deposit whose term is closest in length to your original
term (if a similar Term Deposit is no longer available then maturing funds will be
held in our standard Deposit account)
c. If we reinvest your maturing Deposit in a new Term Deposit, then any time up to 14
days from the date of reinvestment, you may close your new Term Deposit without
notice and without penalty.
6. Tax Status –
a. Interest is paid gross (without taking off tax).
b. If you earn more interest than the Personal Savings Allowance, you may have to pay
additional tax yourself.
c. The Personal Savings Allowance is £1,000 pa for basic rate taxpayers and £500 pa for
higher rate taxpayers. Additional rate taxpayers do not receive a Personal Savings
Allowance.

bira bank 3 Year Fixed Term Deposit Account Terms and Conditions+

Description of product:
The 3 Year Term Deposit account is a fixed term, fixed interest rate account. It is a restricted savings account because withdrawals are not allowed until the end of the term and funds can only be deposited at the outset
1. Eligibility –
a. To have the account you must be at least 18 years old
b. Available to bira members and their employees, their associates and bira staff
c. Available to personal and business customers
d. Accounts can be opened in sole name or held jointly
e. A fully completed application form is required in all cases before an account can be opened together with cleared funds as paid in below (see 2.b)

2. Deposits and Withdrawals –
a. The minimum deposit we can accept is £25,000 per individual or company and the maximum deposit is £250,000 (subject to your overall total placement with bira bank being no more than £375,000, including accrued interest, at any one time)
b. Money can only be accepted into the account at the outset either by cheque made out to bira bank and drawn on an account in your name, by making an electronic transfer from another account in your name or by requesting an internal transfer from another account which you may hold through bira bank
c. Withdrawals or early closure of this term deposit account are not permitted under any circumstances during the term except in the event of death of the customer (or one of them if joint)
d. In the event of death the deposit and interest to the date of early closure will be repaid if required

3. Interest –
a. The interest applicable to this account is fixed and will be advised on our website
b. Interest is calculated daily on the cleared balance in the account
c. For any Reinvestment (see 5 below) we will inform you about any changes to the interest rate or changes to any other terms of the account by writing to you at the time
d. If the due interest date is a Saturday, Sunday or UK Bank Holiday interest will be calculated up to and including the day(s) in question and credited on the next working day.
e. Interest will be paid to the account half yearly in March and September or on closure of the account if this happens sooner

4. Term – This account has a fixed 3 year term

5. Maturity and Reinvestment –
a. At least 30 days before the end of the term we will write to you asking for instructions about what you would like us to do with your maturing 3 Year Term Deposit account
b. If you do not give us instructions before the end of the term (or we cannot reasonably comply with your instructions) then on the final day of the term (or the next working day if this falls on a Saturday, Sunday or Bank Holiday), we will reinvest your Deposit in a new Term Deposit whose term is closest in length to your original term (if a similar Term Deposit is no longer available then maturing funds will be held in our standard Deposit account)
c. If we reinvest your maturing Deposit in a new Term Deposit, then any time up to 14 days from the date of reinvestment, you may close your new Term Deposit without notice and without penalty.

6. Tax Status –
a. Interest is paid gross (without taking off tax).
b. If you earn more interest than the Personal Savings Allowance, you may have to pay additional tax yourself.
c. The Personal Savings Allowance is £1,000 pa for basic rate taxpayers and £500 pa for higher rate taxpayers. Additional rate taxpayers do not receive a Personal Savings Allowance.

Instant access Terms and Conditions+

Description of product:
The Call account is a deposit account denominated in Pounds Sterling where instant withdrawals against cleared
funds may be made.
1. Eligibility –
a. To have the account you must be at least 18 years old
b. Available to bira members and their employees, their associates and bira staff
c. Available to personal and business customers
d. Accounts can be opened in sole name or held jointly
e. A fully completed application form is required in all cases before an account can be opened together
with cleared funds as paid in below (see 2.d)
2. Deposits and Withdrawals –
a. The minimum deposit we can accept is £1,000 per individual or company and the maximum deposit
is £250,000 (subject to your overall total placement with bira bank being no more than £375,000,
excluding accrued interest, at any one time)
b. Withdrawals or early closure of this deposit account are available with immediate access subject to
bira bank receiving a request in writing
c. You can pay money into this account either by cheque made out to bira bank and drawn on an
account in your name, by making an electronic transfer from another account in your name or by
requesting an internal transfer from another account which you may hold through bira bank
3. Interest –
a. The interest applicable to this account is variable and will be advised on our website
b. Interest is calculated daily on the cleared balance in the account
c. We will inform you about any changes to the interest rate or changes to any other terms of the
account by giving you at least 14 days’ notice in writing and this can be done by letter, email or in
any other way which is sent to the authorised account holder individually
d. We will update our website within three business days of a rate change taking effect
e. If the due interest date is a Saturday, Sunday or UK Bank Holiday interest will be calculated up to and
including the day(s) in question and credited on the next working day
f. Interest will be paid into the account half yearly in March and September or on closure of the
account if this happens sooner
4. Term –
a. This account has no fixed term in that it is until further notice unless a written request for closure
has been received by us
5. Tax Status ‐
a. Interest is paid gross (without taking off tax).
b. If you earn more interest than the Personal Savings Allowance, you may have to pay additional tax
yourself.
c. The Personal Savings Allowance is £1,000 pa for basic rate taxpayers and £500 pa for higher rate
taxpayers. Additional rate taxpayers do not receive a Personal Savings Allowance.

1 Year Fixed Rate Cash ISA Important information+

Key Product Information
Here is some important information about our 1 Year Fixed Rate Cash ISA to help you decide whether this
account is right for you. You should read this sheet carefully together with the full Cash ISA Terms and
Conditions (listed within the body of the ISA application form).
Account Name – Bira Bank 1 Year Fixed Rate Cash ISA (Known as the Diamond Anniversary ISA)
Interest Rates (AERs) – See latest rate sheet
Annual Interest – See latest rate sheet
Rates are fixed for 1 year from the date of opening the account ‘the fixed term’. Thereafter the account will
become a standard Bira Bank Cash ISA (with variable interest rate).
Additional contributions – You may add to your Fixed Rate Cash ISA during the fixed term provided that your
total subscriptions for the Tax year do not exceed the annual ISA allowance. The fixed rate period will remain
unaltered. ie. It will remain as 1 year from the date of opening the account.
Maturity – your options ‐ One month before the fixed rate period ends we will write to you to let you know
whether we have a new fixed rate offer and the terms. We will also advise you of the current variable Cash ISA
rate. At that stage we will ask for your written instruction for the maturity proceeds. If we have no instructions
the account will automatically transfer to the standard Cash ISA terms at maturity.
Funding Limits ‐ The minimum investment or transfer into this account is £2,500 subject to the
maximum ISA investment limit of £20,000 pa for the Tax year 2018/2019. This amount does not include ISA
subscriptions in respect of previous tax years transferred in from other providers, which are allowed regardless
of the balance.
To ensure funds are accepted into your new ISA account we must receive all funds within 30 days from your
account opening date. Any deposits received after 30 days may be returned to you. This includes any funds
transferred in from existing ISAs held elsewhere, therefore please ensure that you initiate any ISA transfers in as
soon as you receive your new Fixed Rate Cash ISA details. After the 30 day period you may not be able to make
any additional deposits into this Fixed Rate ISA.
Tax Status ‐ Interest is paid tax free
Withdrawal arrangement ‐ No withdrawals are permitted within the fixed rate period
Interest Paid ‐ Half yearly on 31st March and 30th September
Account Operation ‐ Direct through initial completion of paperwork and liaison with Bira Bank’s head
office at 225 Bristol Road, Edgbaston, Birmingham B5 7UB
bira bank 225 Bristol Road, Edgbaston, Birmingham B5 7UB
T: 0121 446 6688 F: 0121 446 5215
E: info@birabank.co.uk W: www.birabank.co.uk
BIRA BANK LIMITED is authorised by the Prudential Regulation Authority and Regulated by the Financial Conduct Authority
and the Prudential Regulation Authority (Financial Service register No. 204478)
April 2018

2 Year Fixed Rate Cash ISA Important information+

Key Product Information
Here is some important information about our 2 Year Fixed Rate Cash ISA to help you decide whether this
account is right for you. You should read this sheet carefully together with the full Cash ISA Terms and
Conditions (listed within the body of the ISA application form).
Account Name – Bira Bank 2 Year Fixed Rate Cash ISA
Interest Rates (AERs) – See latest rate sheet
Annual Interest – See latest rate sheet
Rates are fixed for 2 years from the date of opening the account ‘the fixed term’. Thereafter the account will
become a standard Bira Bank Cash ISA (with variable interest rate).
Additional contributions – You may add to your Fixed Rate Cash ISA during the fixed term provided that your
total subscriptions for the Tax year do not exceed the annual ISA allowance. The fixed rate period will remain
unaltered. ie. It will remain as 2 years from the date of opening the account.
Maturity – your options ‐ One month before the fixed rate period ends we will write to you to let you know
whether we have a new fixed rate offer and the terms. We will also advise you of the current variable Cash ISA
rate. At that stage we will ask for your written instruction for the maturity proceeds. If we have no instructions
the account will automatically transfer to the standard Cash ISA terms at maturity.
Funding Limits ‐ The minimum investment or transfer into this account is £2,500 subject to the
maximum ISA investment limit of £20,000 pa for the Tax year 2018/2019. This amount does not include ISA
subscriptions in respect of previous tax years transferred in from other providers, which are allowed regardless
of the balance.
To ensure funds are accepted into your new ISA account we must receive all funds within 30 days from your
account opening date. Any deposits received after 30 days may be returned to you. This includes any funds
transferred in from existing ISAs held elsewhere, therefore please ensure that you initiate any ISA transfers in as
soon as you receive your new Fixed Rate Cash ISA details. After the 30 day period you may not be able to make
any additional deposits into this Fixed Rate ISA.
Tax Status ‐ Interest is paid tax free
Withdrawal arrangement ‐ No withdrawals are permitted within the fixed rate period
Interest Paid ‐ Half yearly on 31st March and 30th September
Account Operation ‐ Direct through initial completion of paperwork and liaison with Bira Bank’s head
office at 225 Bristol Road, Edgbaston, Birmingham B5 7UB
bira bank 225 Bristol Road, Edgbaston, Birmingham B5 7UB
T: 0121 446 6688 F: 0121 446 5215
E: info@birabank.co.uk W: www.birabank.co.uk
BIRA BANK LIMITED is authorised by the Prudential Regulation Authority and Regulated by the Financial Conduct Authority
and the Prudential Regulation Authority (Financial Service register No. 204478)
April 2018

3 Year Fixed Rate Cash ISA Important information+

Key Product Information
Here is some important information about our 3 Year Fixed Rate Cash ISA to help you decide whether this account is right for you. You should read this sheet carefully together with the full Cash ISA Terms and Conditions (listed within the body of the ISA application form).
Account Name – bira Bank 3 Year Fixed Rate Cash ISA
Interest Rates (AERs) – See latest rate sheet
Annual Interest – See latest rate sheet
Rates are fixed for 3 years from the date of opening the account ‘the fixed term’. Thereafter the account will become a standard Bira Bank Cash ISA (with variable interest rate).
Additional contributions – You may add to your Fixed Rate Cash ISA during the fixed term provided that your total subscriptions for the Tax year do not exceed the annual ISA allowance. The fixed rate period will remain unaltered. ie. It will remain as 3 years from the date of opening the account.
Maturity – your options - One month before the fixed rate period ends we will write to you to let you know whether we have a new fixed rate offer and the terms. We will also advise you of the current variable Cash ISA rate. At that stage we will ask for your written instruction for the maturity proceeds. If we have no instructions the account will automatically transfer to the standard Cash ISA terms at maturity.
Funding Limits - The minimum investment or transfer into this account is £2,500 subject to the maximum ISA investment limit of £20,000 pa for the Tax year 2018/2019. This amount does not include ISA subscriptions in respect of previous tax years transferred in from other providers, which are allowed regardless of the balance.
To ensure funds are accepted into your new ISA account we must receive all funds within 30 days from your account opening date. Any deposits received after 30 days may be returned to you. This includes any funds transferred in from existing ISAs held elsewhere, therefore please ensure that you initiate any ISA transfers in as soon as you receive your new Fixed Rate Cash ISA details. After the 30 day period you may not be able to make any additional deposits into this Fixed Rate ISA.
Tax Status - Interest is paid tax free
Withdrawal arrangement - No withdrawals are permitted within the fixed rate period
Interest Paid - Half yearly on 31st March and 30th September
Account Operation - Direct through initial completion of paperwork and liaison with Bira Bank’s head office at 225 Bristol Road, Edgbaston, Birmingham B5 7UB
bira bank 225 Bristol Road, Edgbaston, Birmingham B5 7UB
T: 0121 446 6688 F: 0121 446 5215
E: info@birabank.co.uk W: www.birabank.co.uk

BIRA BANK LIMITED is authorised by the Prudential Regulation Authority and Regulated by the Financial Conduct Authority and the Prudential Regulation Authority (Financial Service register No. 204478)

Regular Savings Account Terms and Conditions+

Description of product: The NEW Regular Savings Account is an instant access deposit account denominated in Pounds Sterling where regular monthly savings are accepted, subject to the parameters outlined below, and withdrawals are only permitted twice per annum, subject to the parameters indicated below. The interest rate applicable thereon will be variable.

1. Eligibility –
I. To have the account you must be at least 18 years old.
II. Available to personal and business customers.
III. Available to bira members (and their families) and their employees, our associated affiliated customers and bira staff (all subject to meeting our internal ID procedures).
IV. Accounts can be opened in a sole name or held jointly. V. Only one Regular Savings Account is allowed per applicant(s). VI. A fully completed application form is required in all cases before an account can be opened together with initial cleared funds as paid in below (see 2.II)
VII. You must agree to set up a standing order into the account for one payment of between £25 and £500 each calendar month whilst the account is open (your ‘Standing Order’), the first being within 30 days of you opening the account.
VIII. The Bank reserves the right to convert the Regular Savings Account to a Call Account and amend the terms and conditions and interest payable to those of the Call Account, as published at the time, in the event that the Terms and Conditions of the Regular Savings Account are not met.

2. Deposits and Withdrawals –
I. The minimum initial deposit we can accept is £25 per individual or company and should be the same as the regular monthly savings amount thereafter.
II. This initial deposit should be made by way of a cheque drawn on an account and/or the standing order completed should be drawn from an account in the exact name of the account holder(s) of the new Regular Savings Account.
III. You can then only pay money into the new account by your monthly Standing Order. If the standing order is less than £25 or more than £500 we will return it to the account it was paid from. If you miss a payment it cannot be made up.
IV. Your Standing Order cannot be set up from another savings account with us.
V. A maximum of 2 withdrawals per annum only is allowed.
VI. Withdrawn sums cannot be replaced with a lump sum payment.
VII. You cannot set up any standing order from this account.

3. Interest –
I. The interest applicable to this account is variable and will be advised on our website
II. Interest is calculated daily on the cleared balance in the account and will be credited to the account half yearly in March and September or on closure of the account if this happened sooner.
III. We will inform you about any changes to the interest rate or changes to any other terms of the account by giving you at least 14 days’ notice in writing and this can be done by letter, email or in any other way which is sent to the authorised account holder individually
IV. We will update our website within three business days of a rate change taking effect
V. If the due interest date is a Saturday, Sunday or UK Bank Holiday interest will be calculated up to and including the day(s) in question and credited on the next working day.

4. Term –
I. This account has no fixed term in that it is until further notice.

5. Tax Status –

I. Interest is paid gross (without taking off tax). II. If you earn more interest than the Personal Savings Allowance, you may have to pay additional tax yourself. III. The Personal Savings Allowance is £1,000 pa for basic rate taxpayers and £500 pa for higher rate taxpayers. Additional rate taxpayers do not receive a Personal Savings Allowance

The Bank reserves the rights to convert the Regular Savings Account to a Call Account and amend the terms and conditions including the interest payable to those of the Call Account to those published at the time in the event that the Terms and Conditions of the Regular Savings Account are not met.

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