Direct Transfer Account
Designed to allow your clients to maintain a balanced savings and investment portfolio, the Scottish Widows Bank Direct Transfer Account offers an attractive interest rate and easy access for your clients, not to mention an on-going commission for you.
Special bonus rate offer
Our Direct Transfer Account now comes with an increased 6 month bonus of 1.50%.:
- 6.00% gross/5.25% AER (variable) for six months.
- 4.50% gross/AER standard rate thereafter (variable).
- The rate following the bonus period is guaranteed to be no less than 0.25% below Scottish Widows Bank Base Rate until 31 December 2012.
Benefits for your clients
- 6.00% gross (variable) for the first six months followed by a consistently high rate of interest.
- Minimum opening balance £1,000.
- Internet Banking so clients can manage their accounts online.
- No hidden costs or penalties.
- Easy access to savings.
- Savings held in an organisation which is part of the Lloyds TSB Group. Lloyds TSB has one of the highest credit ratings of UK banks.
Benefits for you
- Annual commission rate of 0.2%.
- Commission paid quarterly based on total average clients' balances.
- No cross-sell guarantee.
Maximise your commission earnings
Open one account per week, based on an average balance of £20,000, and you could earn:
| Year 1 | £1,060 |
| Year 2 | £3,140 |
| Year 3 | £5,220 |
| Year 4 | £7,300 |
| Year 5 | £9,380 |
| Total | £26,100 |
Download the Client Brochure and Application form
(pdf 215k).
Complete the request form to order client application packs and a commission registration form. Alternatively, you can call 0845 757 3444 for more information.
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