Scottish Widows Direct Transfer Account

The account’s Annual Equivalent Rate: shows the interest you will earn over a year as a percentage. If interest is paid monthly, this rate will be higher than the gross interest rate (as the interest will be compounded).

This shows how often the interest is calculated and paid.

Type of savings account and length of account term (if applicable).

Online - Access via internet banking.
Telephone - Access via telephone banking.
Branch - Access via your local branch.
Post - Postal access.

Some accounts have minimum and maximum balances. If the account holder’s balance falls outside these limits they may be subject to interest penalties or account closure.

The account’s Annual Equivalent Rate: shows the interest you will earn over a year as a percentage. If interest is paid monthly, this rate will be higher than the gross interest rate (as the interest will be compounded).

This shows how often the interest is calculated and paid.

Type of savings account and length of account term (if applicable).

Online - Access via internet banking.
Telephone - Access via telephone banking.
Branch - Access via your local branch.
Post - Postal access.

Some accounts have minimum and maximum balances. If the account holder’s balance falls outside these limits they may be subject to interest penalties or account closure.