Government Stakeholder standards

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Our Branch ISA is a stakeholder product. This means that our account meets certain minimum standards set out by the Government. These standards are:

£10 minimum deposit amount;

deposits may be made by various methods inculding cash cheque, direct debit, standing order and other forms of direct credit;

the rate of interest payable will be no lower than 1% below the Bank of England Base Rate;

when the Base Rate is increased our own rate will also be increased within one month;

withdrawals and transfers may be made with no more than 7 days notice; and

there is no limit on the number of withdrawals allowed.

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