1 Year Fixed Rate Savings Account
Additional special conditions
These AA 1 Year Fixed Rate Savings Account Terms and Conditions are in addition to and supplemental to the General Investment Terms and Conditions and where there are any contradictions these conditions shall prevail. In these terms "we", "our" and "us" mean Birmingham Midshires, a division of Halifax plc.
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The minimum investment in the AA 1 Year Fixed Rate Savings Account is £500, the
maximum investment per customer is £5 million.
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Rates of interest are fixed for the duration of the one year term. See the Rates
Flyer for details of the interest rate.
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The term of this account will run from the date of the first deposit. Interest is calculated daily and is paid annually on the anniversary of the first deposit, or is available for withdrawal on the first day of each month for monthly accounts. Interest can be paid to the account, to an AA Telephone or Internet Savings Account or to another bank or building society account.
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The minimum additional deposit is £1. Deposits can only be made whilst the issue
remains open to new investors.
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Withdrawals and closures will not be allowed during the term of the investment,
except in the event of death of an investor.
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We reserve the right to suspend the issue of this account at any time.
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If no instructions for re-investment are received, we will re-invest your funds at
maturity in an Easy Access account or another account of our choice.
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The account is available only to individuals resident in the UK when opened in
their own name, jointly or on behalf of another individual.