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Special Conditions as of 1 November 2009 for Egg Savings Account (Internet) introductory rate offer for accounts opened from 15 September 2009
The Egg Savings Account (Internet) introductory rate offer is subject to the terms set out in the Egg Customer Relationship Agreement and is also subject to the following Special Conditions. If the Special Conditions are inconsistent with the Egg Customer Relationship Agreement, the Special Conditions shall have precedence over the Egg Customer Relationship Agreement.
1.In these terms and conditions:
"Account" means an Egg Savings Account (Internet) account applied for in the Introductory Offer Period.
"New Money" means any money not held in any Egg Savings Account (Internet) or any Egg Savings Account (Investor) opened prior to the Introductory Offer Period.
"Introductory Offer Period" means the period between 15 September 2009 and the date on which this introductory rate offer is withdrawn.
"Introductory Interest Rate Period" means twelve calendar months from the date the Account is opened.
2. An introductory interest rate applies to new accounts applied for during the Introductory Offer Period in respect of New Money held in the Account.
3. The introductory interest rate is variable and includes a 12 month introductory fixed bonus rate which is 1.25% gross pa/AER. During the Introductory Interest Rate Period interest will not be paid on that part of any balance greater than one million pounds (£1,000,000). After the 12 month Introductory Interest Rate Period the interest rate for the entire balance in this account will revert to the variable standard rate.
4. The variable standard interest rate for the Egg Savings Account (Internet) applies to New Money after the expiry of the Introductory Interest Rate Period and to any money in the Account which is not New Money.
5. The introductory interest rate offer is subject to availability and may be withdrawn at any time. The Introductory Offer Period may be closed at any time and we reserve the right to refuse any application to open an Account.
6. The Account is designed to be serviced online and account application must be made online.
7. Interest earned during the Introductory Interest Rate Period will be paid at the end of the Introductory Interest Rate Period. Interest will be paid thereafter on each anniversary of the Account being opened. Interest will be paid into the Account unless you have previously nominated another account into which you wish us to pay your interest.
8. During the Introductory Interest Rate Period, the maximum balance permitted in the Account (exclusive of interest) is one million pounds (£1,000,000). After the Introductory Interest Rate Period there is no maximum balance.
9. Deposits into the Account may be made by debit card, BACS, CHAPS, Direct Debit and cheque. Deposits by internal transfer from an Egg Savings Account (Internet) or Egg Savings Account (Investor) opened prior to the Introductory Offer Period are not permitted during the Introductory Period.
10. For withdrawals, we will pay money into a nominated bank account via CHAPS or BACS. For details of how these payments are processed please see the Customer Relationship Agreement. For fraud prevention purposes no withdrawals may be made for the first three working days following the opening of your Account.
11. During the Introductory Offer Period only one Account in your sole name may be opened, but you may open any number of joint Accounts with another party or parties provided the joint account holders are different to other joint account holders of accounts to which you are a party.
12. For applications in a sole name, we may be able to open your Account using only the information provided in your online application. For all Accounts in joint names, we will send you a paper confirmation of your online application and ask you to add details of the other joint account holder, and then both parties should check, sign and return the paper form to us. For all Accounts we may ask for additional identity documents before we are able to open an Account.
13. To obtain the introductory rate offer you must satisfy these Special Conditions and return the signed application form to us and any requested identity documentation within 14 days from the date of request. The Account will not be opened until we have accepted your application following receipt of your signed application form and satisfactory identity documents (where requested).
14. You should manage the Account through the "your accounts" part of egg.com. You can check your balance online and view transactions made in the last twelve months on the Account at any time.
Effective from 1 November 2009.
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