Savings charges
Activation, withdrawal, periodic and inactivity fees.
| Charge type | When it applies |
|---|---|
| Savings activation | When an account is activated |
| Specified due date | On a date you choose |
| Withdrawal fee | On each withdrawal |
| Monthly / quarterly / annual fee | Every month, quarter or year |
| Inactivity fee | When an account has had no activity |
| Charge option | Calculation |
|---|---|
| Flat | A fixed amount |
| Percentage of amount | Percentage of the transaction (e.g. of a withdrawal) |
| Percentage of savings balance | Percentage of the account balance |
Charges can also be added to a single account and then paid from it or waived.
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