The C&G Cheltenham Gold account is a traditional savings account that lets you have instant access to your money.
You run your account at a branch with a passbook and also have the flexibility to add and withdraw money by post.
You can open an account with as little as £1 at any C&G branch.
| Annual Interest | |||
|---|---|---|---|
| Your savings amount | Gross % iii | AER % i | Net % ii |
| £25,000+ | 0.12 | 0.12 | 0.09 |
| £10,000 - £24,999 | 0.11 | 0.11 | 0.08 |
| £0 - £9,999 | 0.10 | 0.10 | 0.08 |
| Monthly Interest | |||
|---|---|---|---|
| Your savings amount | Gross % iii | AER % i | Net % ii |
| £25,000+ | 0.11 | 0.12 | 0.09 |
| £10,000 - £24,999 | 0.10 | 0.11 | 0.08 |
| £0 - £9,999 | 0.09 | 0.10 | 0.07 |
Interest rates effective from 01/01/09
| Annual Interest | |||
|---|---|---|---|
| Your savings amount | Gross % iii | AER % i | Net % ii |
| £25,000+ | 0.35 | 0.35 | 0.28 |
| £10,000 - £24,999 | 0.30 | 0.30 | 0.24 |
| £0 - £9,999 | 0.25 | 0.25 | 0.20 |
| Monthly Interest | |||
|---|---|---|---|
| Your savings amount | Gross % iii | AER % i | Net % ii |
| £25,000+ | 0.34 | 0.35 | 0.27 |
| £10,000 - £24,999 | 0.29 | 0.30 | 0.23 |
| £0 - £9,999 | 0.24 | 0.25 | 0.19 |
Interest rates effective from 01/12/08
| Account name: C&G Cheltenham Gold | |
|---|---|
| Interest rates (AERs) | Interest rates vary. Please view our Key Benefits, or ask for the C&G Savings Accounts & Rates booklet for full details of the current interest rates and AERs we are paying on this account. |
| Tax status | Net or Gross If you pay income tax we will pay you interest after deducting income tax at the applicable rate, currently 20% ie Net. If you are a higher rate taxpayer, you will have to pay the extra due on your interest (the difference between tax deducted at 20% and the higher rate of 40%). If you are a non-taxpayer, we can pay you interest without any deduction for income tax ie Gross. You will first need to complete HM Revenue & Customs form R85. |
| Conditions for bonus payment | Not applicable on this account. |
| Withdrawal arrangements | You can withdraw money at any C&G branch or by cheque through the post and do not have to give any notice. The maximum cash withdrawal is £1,000 per day. The maximum withdrawal by cheque is £100,000 per day. |
| Access | Any C&G branch or by post. |
You should read the following important information about the C&G Cheltenham Gold account together with the C&G savings handbook.
The C&G Cheltenham Gold account interest rates are tiered, so you can receive a higher interest rate the more you save. We can pay you interest annually or monthly:
• straight into your C&G Cheltenham Gold account (compounded), or
• into your nominated bank/building society account, or
• into another C&G savings account.
At any C&G branch.
By post (cheque only).
Minimum addition – no minimum.
Maximum addition – £1,000 cash a day/no maximum for cheques. The maximum you can save in all C&G savings accounts in total is £3 million.
Minimum withdrawal – no minimum.
Maximum withdrawal – £1,000 cash a day / £100,000 a day by cheque.
A C&G Cheltenham Gold account can be just in your name, or it can be a joint account with up to three other people, but however many people are named on the account, you must be saving as individuals – not, for example, on behalf of a company, club, charity or trust – and your permanent home must be in the UK.
Saving at a branch - click here
Saving by post - click here
Additions and withdrawals - click here
ID requirements - click here
The clearing cycle - click here
The Banking Code - click here
What if I change my mind? - click here
Closing an account - click here
Dormant accounts - click here
Financial Services Compensation Scheme - click here
Interest rate changes - click here
i AER stands for Annual Equivalent Rate and illustrates what the interest rate would be if interest was paid and compounded once each year.
ii Net interest is paid or credited after deduction of income tax at the lower rate of 20%.
iii Gross interest is the rate payable before the deduction of income tax and can only be paid or credited subject to the required certification. Interest cannot be paid gross to individuals not ordinarily resident in the UK for tax purposes. Individuals whose income falls within the basic rate band will have no more tax to pay on their interest. Individuals who are higher rate taxpayers will have to pay the extra tax due on their interest (the difference between tax deducted at 20% and the higher rate of 40%).
The C&G Cheltenham Gold account rates are variable and we may change the rates on this account at any time. If we change the rates, we will tell you using at least one of the ways set out in your account's conditions.
Rate changes to a C&G account or to other generally available accounts can affect an account's relative competitiveness and we do not promise that our rates will be better than those available elsewhere.
Products and rates can change frequently and without notice. So, please reload the page if you are viewing offline or through stored information on your computer.
C&G Savings is a division of Lloyds TSB Bank plc.
Lloyds TSB Bank plc is authorised and regulated by the Financial Services Authority (FSA). Our FSA register number is 119278. You can check the FSA's register by visiting their website or by contacting them on 0845 606 1234. Lloyds TSB Bank plc is registered in England and Wales No.2065. Registered Office: 25 Gresham Street, London, EC2V 7HN.
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