Dual Access Saver (DAS02)

Dual Access Saver (DAS02)

Interest is variable, calculated on a daily basis and is paid annually on 31 August. Interest can be compounded or paid away to your nominated bank account.

†AER stands for Annual Equivalent Rate and illustrates what the interest rate would be if interest was paid and compounded once each year. Gross is the rate of interest if interest were paid and not compounded each year.

Interest is calculated daily from the day of receipt.

As the interest rate is variable, we may change the rate if we reasonably believe that the change is needed.

If we reduce the interest on your account, we will write to you 14 days before we make the change.

For full details on how and why we will change the interest rate on your account, please refer to Section 8 of the Savings Terms and Conditions.

Based on the current interest rate, if you deposited £1,000 in this account, after 12 months you would have £1,042.70 This figure is for illustration purposes and is based on no additional deposits, withdrawals or changes in interest rates within the 12 month period.

To open an account you must be permanently resident in the UK. Simply open your account online via our Online Banking Portal.

Accounts can opened individually or in joint names.

You will need to provide some identification when you open your account, details of our requirements can be obtained from your local branch, on our website or by calling 01782 255000. If you are already a Hanley Economic customer, in most cases, this will not be necessary.

Once the account has been opened it can be managed online.

You can withdraw 2 times without penalty per tax year (6th April – 5th April) All
other withdrawals are subject to 60 days loss of interest on the amount withdrawn.

No withdrawals can be made until after 10 days after opening an account when opened online. This is to allow the Society to complete all of our checks under UK money laundering regulations.

Minimum age 18. UK residents only.

The treatment of your account for tax purposes will depend on your individual circumstances and you may need to pay tax on any interest that exceeds your Personal Savings Allowance. For more information, please visit HM Revenue & Customs’ (HMRC) website hmrc.gov.uk . The tax information provided is based on our understanding of current law and HMRC practice, both of which may change

Yes if

You want to save up to £300,000.

You want an account that pays a variable rate of interest.

You want to open or manage your account online.


No if

You want more than two withdrawals per tax year.

You want an account that pays a fixed rate of interest.

You want unlimited access to your account without penalty