120 DAY NOTICE PERSONAL SAVINGS ACCOUNT - ISSUE 23 1.85% GROSS/AER KEY PRODUCT INFORMATION ACCOUNT NAME 120 Day Notice Personal Savings Account - Issue 23. INTEREST RATES (AERs) 1.85% GROSS; 1.85% AER. The interest rate is variable and may be altered in accordance with our terms and conditions for personal savings accounts. Interest is paid annually. STATUS TAX STATUS Paid GROSS or NET according to tax status of individual. CONDITIONS FOR BONUS PAYMENT Not applicable. WITHDRAWAL ARRANGEMENTS Withdrawals are only available subject to 120 days’ notice. ACCESS Post, electronic transfer, or transfer to an existing account with Shawbrook Bank. (+) You can invest any amount from £1,000 to a maximum of £500,000. (–) (+) We can pay the interest into this account and we’ll pay it GROSS or NET – whichever fits your tax status. (–) If your balance falls below £1,000 (the minimum for this account), we’ll pay you 0.05% GROSS/AER. (+) You can get your money (after the 120 day notice period) by electronic transfer, post or transfer to an existing Shawbrook account. (–) Please note that if we withdraw this product you will not be notified in writing. (–) Deposits are allowed up to the maximum account balance while the product is available. You cannot cancel your notice instruction if we have actioned your request. (+) You will need to give us 120 days’ notice if you want to make a withdrawal. To take advantage of this savings account you can apply online or by post at the address below. For further information and application forms please visit our website www.shawbrook.co.uk or call us on 0845 266 6611. CONDITIONS • Please read this leaflet in conjunction with the terms and conditions for Personal Savings Accounts. • We pay you the interest once a year on the 31st December and at the closure of your account. • We’ll send you a statement once a year in January and at the closure of the account. • Please note that the Bank reserves the right to withdraw this product at any time. If we do withdraw it you can still get your money out of your account (at the end of the notice period), but you can’t put more money in. If we withdraw a product, it will appear in the ‘Withdrawn Products’ section of our website. If you are considering making further deposits, we suggest you check our website first or call us on 0845 266 6611 to see if the product is still available. • The account is only available to individuals who are permanently resident in the UK. POINTS TO NOTE • AER. This stands for Annual Equivalent Rate. If you left a sum of money in your account all year, the AER would be the interest rate you’d get if we paid you interest during the course of the year and your subsequently higher balance then earned more interest (this is known as Compound Interest). The AER interest rate will only be higher than the gross interest rate where we pay you interest more than once a year. We quote the AER on all our accounts so that you can compare our products with those of other banks. • GROSS. The interest that you earn on money in your account before tax is taken out. (It doesn’t include interest added-in the way that the AER does). • Financial Services Compensation Scheme (FSCS). Shawbrook is a member of the FSCS, a scheme that protects customers’ deposits. For more information about the scheme, and the limits of the protection, visit www.fscs.org.uk. • Prudential Regulation Authority (PRA)/Financial Conduct Authority (FCA). Shawbrook is authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority. The FCA & PRA regulate many different kinds of financial services companies, and make sure that banks treat their customers fairly. Find out more at www.fca.org.uk or www.bankofengland.co.uk/pra. Details correct as at 1st December 2014 TEL: 0845 266 6611 FAX: 0845 266 6651 L U T E A H O U S E , W A R L E Y H I L L B U S I N E S S PA R K , T H E D R I V E , G R E AT W A R L E Y, B R E N T W O O D, E S S E X , C M 1 3 3 B E S H AW B R O O K B A N K L I M I T E D REGISTERED OFFICE: LUTEA HOUSE, WARLEY HILL BUSINESS PARK, THE DRIVE, GREAT WARLEY, BRENTWOOD, ESSEX, CM13 3BE. REGISTERED IN ENGLAND - COMPANY NUMBER 388466. AUTHORISED BY THE PRUDENTIAL REGULATION AUTHORITY AND REGULATED BY THE FINANCIAL CONDUCT AUTHORITY AND THE PRUDENTIAL REGULATION AUTHORITY. W W W. S H AW B R O O K . C O. U K L A S T U P DAT E D 0 1 / 1 2 / 1 4 SB/SV/120DNPSAI23/011214/1