Dual Access Saver (DAS01)
Interest is variable, calculated on a daily basis and is paid annually on 31 August.
Interest can be compounded or paid away to your nominated bank account.
| Dual Access Saver | Current Rates |
|---|---|
| Annual Interest | Rates effective from: 22/04/2026 |
| Balance | Gross | AER† |
|---|---|---|
| £100.00 and above | 4.27% | 4.27% |
†AER stands for Annual Equivalent Rate and illustrates what the interest rate would be if interest was paid and compounded once each year. Gross is the rate of interest if interest were paid and not compounded each year.
Interest is calculated daily from the day of receipt.
As the interest rate is variable, we may change the rate if we reasonably believe that the change is needed.
If we reduce the interest on your account, we will write to you 14 days before we make the change.
For full details on how and why we will change the interest rate on your account, please refer to Section 8 of the Savings Terms and Conditions.
Based on the current interest rate, if you deposited £1,000 in this account, after 12 months you would have £1,042.70 This figure is for illustration purposes and is based on no additional deposits, withdrawals or changes in interest rates within the 12 month period.
To open an account you must be permanently resident in the UK. This account can be opened at your local branch and can be managed in branch or by post.
Accounts can opened individually or in joint names. You can hold more than one Dual Access Saver, although we reserve the right to limit the number of accounts at our discretion.
You will need to provide some identification when you open your account, details of our requirements can be obtained from your local branch, on our website or by calling 01782 255000. If you are already a Hanley Economic customer, in most cases, this will not be necessary.
When you open your account in branch you will receive a passbook. You can open the account with a minimum balance of £100 – maximum balance is £300,000
You can withdraw 2 times without penalty per tax year (6th April – 5th April) All
other withdrawals are subject to 60 days loss of interest on the amount withdrawn. You can withdraw up to £500 in cash and £70,000 by cheque on demand from our branches or by sending us your signed written instructions. Larger cash sums up to £5,000 are available by giving at least 24 hours notice.
Cheque withdrawals over £70,000 can be obtained from our Registered Office. Following any withdrawals £100 should remain in the account.
Minimum age 18 years. UK residents only.
The treatment of your account for tax purposes will depend on your individual circumstances and you may need to pay tax on any interest that exceeds your Personal Savings Allowance. For more information, please visit HM Revenue & Customs’ (HMRC) website hmrc.gov.uk . The tax information provided is based on our understanding of current law and HMRC practice, both of which may change
Yes if
You want to save up to £300,000.
You want an account that pays a variable rate of interest.
You want to open your in branch and manage in branch/via the post.
No if
You want more than two withdrawals per tax year.
You want an account that pays a fixed rate of interest.
You want unlimited access to your account without penalty.
Before opening an account, it is recommended you read the information below.
Find your nearest branch and visit for expert support and assistance from our team during the application process.