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Important information for Direct Saver Customers

Your account will be held at The Royal Bank of Scotland, E-MTA & Savings, 5th Floor, George House, 36 North Hanover Street, Glasgow, G2 4WY with effect from 01/12/03. Note: there will be no change to your account functionality or your Direct Saver sortcode 832000 and all other details will remain the same.

Deposits from an account at other UK banks or building societies will normally be in your Direct Saver account in 3 working days after we receive transfer instructions and available for withdrawal after 6 working days. The Direct Deposit transaction limit is £100,000.

Withdrawals to an account at other UK banks or building societies will normally reach the payee's account in 3 working days. The direct payment daily limit is £10,000.

New customers will be asked to provide proof of identity including verification of signature.

The Gross Rate is the rate which will be paid to customers without the deduction of the lower rate Income Tax.

Annual Equivalent Rate (AER) is a notional rate which illustrates the gross interest rate (excluding any bonus interest payments) as if paid and compounded on an annual basis.

Interest is paid gross or net of the lower rate of Income Tax depending on your tax position.