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.
What’s more, to welcome you to your account, we’ll give you an attractive bonus of 1.50% for the first twelve months.
| Annual Interest - With Bonus | |||
|---|---|---|---|
| Your savings amount | Gross % iii | AER % i | Net % ii |
| £25,000+ | 2.00 | 2.00 | 1.60 |
| £10,000 - £24,999 | 1.95 | 1.95 | 1.56 |
| £0 - £9,999 | 1.90 | 1.90 | 1.52 |
| Monthly Interest - With Bonus | |||
|---|---|---|---|
| Your savings amount | Gross % iii | AER % i | Net % ii |
| £25,000+ | 1.98 | 2.00 | 1.58 |
| £10,000 - £24,999 | 1.93 | 1.95 | 1.54 |
| £0 - £9,999 | 1.88 | 1.90 | 1.50 |
| Annual interest - Without Bonus | |||
|---|---|---|---|
| Your savings amount | Gross % iii | AER % i | Net % ii |
| £25,000+ | 0.50 | 0.50 | 0.40 |
| £10,000 - £24,999 | 0.45 | 0.45 | 0.36 |
| £0 - £9,999 | 0.40 | 0.40 | 0.32 |
| Monthly interest - Without Bonus | |||
|---|---|---|---|
| Your savings amount | Gross % iii | AER % i | Net % ii |
| £25,000+ | 0.49 | 0.50 | 0.39 |
| £10,000 - £24,999 | 0.44 | 0.45 | 0.35 |
| £0 - £9,999 | 0.39 | 0.40 | 0.31 |
At the end of the twelve-month introductory bonus period, rates without bonus apply.
Interest rates effective from 09/11/09
| Annual Interest | |||
|---|---|---|---|
| Your savings amount | Gross % iii | AER % i | Net % ii |
| £25,000+ | 0.07 | 0.07 | 0.05 |
| £10,000 - £24,999 | 0.06 | 0.06 | 0.04 |
| £0 - £9,999 | 0.05 | 0.05 | 0.04 |
| Monthly Interest | |||
|---|---|---|---|
| Your savings amount | Gross % iii | AER % i | Net % ii |
| £25,000+ | 0.06 | 0.07 | 0.05 |
| £10,000 - £24,999 | 0.05 | 0.06 | 0.04 |
| £0 - £9,999 | 0.04 | 0.05 | 0.03 |
Interest rates effective from 01/04/09
You should read the following important information about the C&G Cheltenham Gold account together with the C&G savings handbook.
Accounts opened on or after 9 November 2009 will receive an annual interest rate bonus of 1.50% for the first twelve months following account opening. At the end of the twelve-month introductory bonus period rates without bonus will apply.
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.You can only hold one C&G Cheltenham Gold account at any time whether it's in your sole name or joint names.
If you close your C&G Cheltenham Gold account, you will be unable to open another C&G Cheltenham Gold account for six months.
The C&G savings handbook - 
171k
For more information on:
Checking your identity - 32k
Before you open an account you and anyone else named on the account may be asked to provide information to confirm your identity.
The Banking Code
Lloyds TSB Bank plc and Cheltenham & Gloucester Plc are pleased to support and comply with this voluntary code which sets the standard of good banking practice throughout the industry.
Closing an account
Information on how to close a C&G savings account.
Dormant accounts
As time goes by, it's not uncommon for customers to forget about savings accounts which they have stopped using for one reason or another.
At C&G, we want to ensure our customers are reunited with the funds in these forgotten or lost accounts.
Adobe PDF reader is required to view some of our guides.
| 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 | We will pay a 1.50% interest rate bonus for the first twelve months that the account is open. This applies to new accounts opened from 9 November 2009 onwards. |
| 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. |
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.
