Falcon Club

Falcon Club is a specialist account developed for the age range 16 – 23, to offer a smooth way into adult finance. As it's a period where young adults experience the most change, a suitable steady instant access savings account can offer reliability, with the back up of an attractive interest rate to keep those balances growing consistently. So whether you're off to college, buying a car, taking foreign holidays or even getting married and buying your first home, Falcon Club can offer you that little extra. There's also the other additional benefit of small birthday gifts at 17,18 and 21 too.

Falcon Club takes your savings that little bit further to help you achieve your next goal in life and also provides access to friendly advice regarding the development of your finances for the future.

Deposits and withdrawals

You can invest and withdraw from this account at any time to suit your requirements. When you make a deposit the current rate of interest is applied immediately, so you're savings grow from day one. The account offers one enhanced interest rate no matter what the balance, to ensure your savings grow consistently. Ask for a copy of our interest rates to see the rate currently applicable. Rates are variable on this account and can go down as well as up.

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 the general terms and conditions seen at the back of this leaflet.

What happens when the account holder reaches 23?

Falcon Club is available until the account holder reaches 23. Prior to this birthday, we will write with details of the accounts that offer the most suitable home for the account balance at that time.

Terms and conditions specific to the Falcon Club account.

These should be read in conjunction with the general Terms and conditions applicable to all account types detailed within this document, which are found at the back of the leaflet

Minimum initial deposit - £1 Maximum account holding - £10,000

When interest is paid - 31st December

Account Maturity: As this account has been designed for a specific age range, it will mature on your 23rd birthday. The account can be transferred to another suitable account type dependent on your balance and wishes. We will write to you before your 23rd birthday to notify you of your options shortly before the maturity date.
*Incentives: Incentive gifts will be available at 17th 18th and 21st birthdates. A set of vouchers for years 17, 18 and 21 will be issued with the passbook. These incentives must be claimed by the account holder around the relevant birthdates. In all three cases the minimum balance required in the account must be at least £200.

September 2006