PENNY POST PRIME ACCOUNT
Open to members who have been with Penny Post Credit Union over 5 years.
Need to hold Regular Savings Account.
Members can save regularly (minimum regular weekly amount £10) or pay in lump sums.
Receive monthly interest (on or near 24th).
1.5% AER (variable).
Maximum savings in the account £10,000.*
No restrictions on withdrawals.
Interest paid gross.**
Annual Dividend is not paid on this account.
**IMPORTANT Not taxed at source. UK tax payers will be liable for tax on this account. HMRC will be aware of interest payments. Account holders need to declare interest.