Our Savings Services
Internet Banking
To further improve the service we provide for your clients, we now offer Internet Banking. Internet Banking gives your clients with a personal account the option to access the account when it suits them, 24 hours a day, 7 days a week.
It’s a convenient way to:
- Check account balances.
- View details of recent transactions.
- Transfer money between accounts.
- Apply for other Scottish Widows Bank products and services.
Commission Earnings
There are also benefits for you when introducing your clients to our commission paying personal and non-personal savings accounts –
- Annual commission rate of upto 0.40% (depending on account choosen)
- Commission paid quarterly based on total average clients’ balances
- Access to introduced clients’ balances
- No cross-sell guarantee.
Financial Services Compensation Scheme
Important information about compensation arrangements
We are covered by the Financial Services Compensation Scheme (FSCS). The FSCS can pay compensation to depositors if a bank is unable to meet its financial obligations. Most depositors - including most individuals and small businesses - are covered by the scheme.
In respect of deposits, an eligible depositor is entitled to claim up to £50,000. For joint accounts each account holder is treated as having a claim in respect of their share so, for a joint account held by two eligible depositors, the maximum amount that could be claimed would be £50,000 each (making a total of £100,000). The £50,000 limit relates to the combined amount in all the eligible depositor's accounts with the bank including their share of any joint account, and not to each separate account.
For further information about the scheme (including the amounts covered and eligibility to claim) please call us on 0845 845 0829, refer to the FSCS website www.FSCS.org.uk or call 020 7892 7300 or 0800 678 1100.
