Falcon Instant

Falcon Instant is an ideal account for regular use as it accepts deposits and withdrawals at any time without penalty or notice. It has no minimum deposit requirements and can still be opened with just £1. It's an account that offers a good start for savings or a short-term home for a balance requiring quick access. Most of all it's an account that can grow with you, as with tiered rates the more you save, the better the rate.

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's tiered levels offer the incentive of a better interest rate at £500, £5,000 and £10,000. Ask for a copy of our interest rates to see the rates 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.

Terms and conditions specific to the Falcon Instant 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 Investment - £1 Maximum account holding - £1,000,000

When interest is paid - 31st December

Additional Interest: 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.

September 2006