28th July 2008
Special Bonus Rate Launched on Direct Transfer Account
With a rate that competes with the best the direct customer market has to offer, the Scottish Widows Bank Direct Transfer Account offers an attractive proposition for both clients and intermediaries. As well as a good rate, clients can benefit from a range of features including easy access to their savings through telephone and internet banking. Annual commission of 0.2% is paid to intermediaries on a quarterly basis at 0.05% based on total average clients’ balances. There is also a no cross-sell guarantee.
“This is an easy access savings account aimed at benefitting both clients and advisers. It offers the client a very attractive bonus with a good follow on rate that is guaranteed to be consistently competitive to base rate. It also offers advisers an attractive rate of commission and a steady income stream.”
- Speak to your local Business Development Manager
- Call our Savings Sales Team on 0845 757 3444
- Visit www.scottishwidows.co.uk/direct
* Interest rate available until 1st September 2008 however Scottish Widows Bank reserves the right to withdraw the rate earlier if required.
Notes :
Key features for clients:
- Competitive interest rate of 6.25% gross for 6 months (5.63% AER)
- Standard rate 5.00% gross/AER (variable)
- Guarantee that our standard rate will never be lower than 0.25% below our Base Rate until 31/12/2012
- Minimum investment £1,000
- Quick and easy access to funds with telephone and internet banking
Key features for intermediaries:
- Annual commission rate of 0.2%
- Commission paid quarterly at 0.05% based on total average clients’ balances
- No cross-sell guarantee
For further information on Scottish Widows association with London 2012 Games, visit www.scottishwidows.co.uk/london2012
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