Falcon Instant
An ideal account for regular use - it can be opened with just £1 and you can make as many deposits and withdrawals as you like with no loss of interest and without notice. The account is operated through our branches or by post.
Key features
- Minimum investment of only £1.
- Unlimited number of withdrawals, subject to daily limits
- Tiered, variable interest rates
- Interest paid annually on 31 December
- Can be opened at any of our branches or by post
- Open to UK residents/those ordinarily resident
- Operated using a passbook.
Deposits and withdrawals
You can invest and withdraw from this account at any time to suit your requirements.
Withdrawals can be made at a branch counter to provide cash or cheques. Withdrawals by post offer cheques only. In both cases your passbook will be required. No notice of withdrawal is required, subject to daily withdrawal limits and the general terms and conditions.
Investment limits
Minimum initial investment - £1.
Maximum account holding - £1,000,000
Interest
Interest is paid annually on 31 December.
As Falcon Instant has tiered interest rates additional interest becomes payable when account balance reaches £500, £5000 and £10,000 respectively. Conversely, when an account balance falls below these levels the rates payable will be reduced accordingly.
The Barnsley
If you open an account it will be with Yorkshire Building Society (trading as Barnsley Building Society). Barnsley Building Society is operated under its own brand with its own products and as a trading name of Yorkshire Building Society.
Full terms
Full terms and conditions for this account are available at our branches.
Summary Box
| Summary Box Key Product Information for our Savings Account |
|
|---|---|
| Account Name | Falcon Instant |
| Interest rates (AERs) | Variable tiered rate of interest paid annually on 31 December. See interest rate |
| Tax Status | Gross or net |
| Conditions for bonus payment | N/A |
| Withdrawal arrangements | Instant access. Unlimited withdrawals, subject to daily limits. |
| Access | Barnsley branch network or post. |
Interest rate
| Balance | Interest type | Gross rate p.a. % (variable) | Net rate p.a. % (variable) | AER p.a. % (variable) |
|---|---|---|---|---|
| £1 - £499 | Annual |
0.10% |
0.08% |
0.10% |
| £500 - £4,999 | Annual |
0.15% |
0.12% |
0.15% |
| £5,000 - £9,999 | Annual |
0.20% |
0.16% |
0.20% |
| £10,000 + | Annual |
0.25% |
0.20% |
0.25% |
AER stands for Annual Equivalent Rate and shows you what the interest rate would be if interest was paid and added each year. This will enable you to compare more easily the return you can expect from your savings over time.
Net: Interest on investments and savings amounts is payable net of income tax, which means after the deduction of income tax at the lower rate of 20%, or subject to the required registration gross.
Barnsley Building Society and the Barnsley are trading names of Yorkshire Building Society. Principal office: Yorkshire House, Yorkshire Drive, Bradford BD5 8LJ.
Yorkshire Building Society is a member of the Building Societies Association and is authorised and regulated by the Financial Services Authority and are entered in the FSA register and our FSA registration number is 106085.
Get in touch with us:
- Call us on 0845 1 200 898
Lines are open from 9am – 5pm, Monday to Friday. - Find a branch:
http://www.barnsley-bs.co.uk/about/branches.html - Manage your accounts online:
http://www.barnsley-bs.co.uk/security/online_help.html
This site is intended for UK Residents unless otherwise stated. All communications with us may be monitored/recorded to improve the quality of our service and for your protection and security.