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  • Special_Saver2
    • #8
    • 27th Nov 07, 10:39 PM
    • #8
    • 27th Nov 07, 10:39 PM
    Homebuyer Accounts

    Monmouthshire BS First Home Bonus Saver (Issue 2)

    Interest rate:
    4.5% gross p.a. / AER variable (including variable 0.5% non-bonus interest and 4% fixed bonus interest) from 1st March 2017

    Monthly payment: £0-£500
    Miss any payments: Can miss as many payments as you want
    Penalty-free withdrawals:
    Up to four withdrawals are allowed during the year (ending 31 March)
    Age of applicant: Aged 18 years old or older
    How to open account: Branch, online or post but you must have a telephone or face-to-face interview before the account is opened
    Special conditions:
    Maximum balance £6,000 (£12,000 for a joint account). To get the full interest rate you must take out an owner-occupier mortgage with Monmouthshire BS within 5 years of opening this account. Only available to existing members and people who live in the following post codes NP, CF, SA, LD, WR, GL, HR, BS, BA, SN, RG, OX, SY and TA.

    Hanley Economic BS Home Deposit Saver

    Interest rate:
    2.85% gross p.a. / AER variable from 1st September 2016

    Monthly payment: £100-£500
    Miss any payments: Can miss 2 payments per year (1st September to 31st August)
    Penalty-free withdrawals:
    A penalty equivalent to 180 days loss of interest will be applied if the funds be withdrawn for any other reason than for a house deposit
    Age of applicant: Not stated
    How to open account: Branch only
    Special conditions:
    Maximum balance £50,000. Instant access is permitted penalty free providing the funds are withdrawn for a house deposit linked to a mortgage with The Hanley.

    Cumberland BS First Home Saver (Issue 3)


    Interest rate: 2.25% gross p.a. / AER variable
    Monthly payment: £100-£1,500
    Miss any payments: If you miss payments then you will not be eligible for the cashback deal
    Penalty-free withdrawals: Withdrawals are with either 90 days' notice or instant with 90 days' loss of interest (except if you are closing the account in order to purchase a home in which case the account is closed without penalty)
    Age of applicant: Minimum age 16 years old
    How to open account: Branch
    Special conditions: You can earn £250 cashback on one of their mortgages if you hold this account for at least 6 months. You need to have a Cumberland BS current account. If you miss 2 or more payments then this account will be closed.
    Last edited by Special_Saver2; 14-10-2017 at 6:51 PM.
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