Quantum 17th Issue

Overview

Quantum 17th Issue is a savings scheme which offers the security of guaranteed rates that will rise over a fixed term. Quantum 17th Issue is a strictly limited issue and may be closed to any further investments, or be withdrawn from offer, at any time.

On 1 October 2010 the guaranteed rate will no longer apply, and your Quantum savings will be moved into our variable rate Elite Interest account (unless we let you know otherwise) where you will have easy access to your money without notice or loss of interest.

Benefits

The interest rates are guaranteed to increase until 30 September 2010.

How much to invest

The minimum investment and balance is £1,000 and you can invest up to £25,000 per person (£50,000 for joint accounts).

Managing your investment

You can access your account via internet banking.

Making withdrawals

You can access your money without loss of interest on 90 days' notice or easy access to your money subject to the loss of a sum equivalent to 90 days' interest on the amount withdrawn.

When is the interest paid?

Interest is paid annually on 1 January.

1 While the balance is below the minimum investment, the interest rate payable will be the same as that payable for out Investment Share account (excluding bonus interest rates) as varied from time to time. We also reserve the right to close the account if the minimum investment is not maintained.