The table below summarises the key product features of the Mayfair Reserve account.
Mayfair Reserve account | Important Information |
|---|---|
Interest rates (AERs) View our current rates. | Variable, tiered interest rates on balances above £2,500. Interest paid annually or monthly depending on choice at account opening. |
Tax Status | Interest paid net of basic rate income tax. |
Conditions for bonus payment | N/A |
Withdrawal arrangements | Instant access with loss of interest if you exceed four withdrawals in any twelve month period. If you make five or more withdrawals in any twelve month period the rate of interest applicable to your account will be the rate applied to balances between £2,500 and £24,999 provided that your balance remains above £2,500. No notice period is required. |
Access | Senior Private Banking Manager, Internet, telephone banking and branch. |
