Dual Access Saver Online (DAS02)

Maximum Balance

£300,000

Opening Balance

£100

Withdrawal Notice

Withdrawal Restrictions

Yes

Interest Rate

4.27%

Information

Interest Type: Variable

Account Opening: Online

Account Operation: Online

Open Account

Dual Access Saver (DAS02)

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.

Savings Terms and Conditions 2024

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Identification Requirements

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Apply Online

The quickest way to open your new account is online. Please click below to begin filling out the application form.

Apply Online

Dual Access Saver (DAS02)

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%

Savings Terms and Conditions 2024

Download

Identification Requirements

Download

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. Simply open your account online via our Online Banking Portal.

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.

Once the account has been opened it can be managed online.

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.

No withdrawals can be made until after 10 days after opening an account when opened online. This is to allow the Society to complete all of our checks under UK money laundering regulations.

Following any withdrawals £100 should remain in the account. Online withdrawals are limited to £10,000 per day. No withdrawals can be made until after 10 days after opening an account when opened online. This is to allow the Society to complete all of our checks under UK money laundering regulations.

Where can I find my User ID?
Your User ID will be sent to you by post shortly after your welcome pack has been issued by email.

Why should I select email verification during online account opening?
During step 4 of the online account opening process, we recommend selecting email verification - do not select mobile (SMS). When you do, a verification code will be sent to the email address you’ve provided, allowing you to continue with your application.

Please allow a few moments for the email to arrive and remember to check your junk or spam folder just in case.

Choosing email verification helps ensure your application progresses smoothly.

Can I have more than one DAS?
Yes, you can hold more than one DAS. However, we reserve the right to limit the number of accounts at our discretion.

When will I receive my welcome pack?
Your welcome pack will usually be emailed within 1–3 days of applying. This will include your account number.
In some cases, there may be a delay if we’re unable to fully verify your details electronically. This can include sanctions and PEP (Politically Exposed Person) checks.

How can I withdraw funds from or close my online account?
Withdrawals can be made online, up to a maximum of £10,000 per day. If you need to withdraw more than £10,000 as part of one of the permitted withdrawals, this must be requested via the online portal/banking secure messaging. We will process the payment by Faster Payment where limits allow, or by CHAPS for a £25 fee. For larger transactions, we may request additional information for security purposes.

Can I fund my account without my User ID?
Yes. You can fund your account before receiving your User ID, and interest will be earned from the date the funds are credited to your account. Your User ID will be sent to you by post, as we are unable to provide this by email due to security requirements around two‑factor authentication. This must be issued via a separate channel to help prevent fraud.

How long do I have to fund my account?
You have 14 days from the date you submit your application to fund your account.
When will I receive confirmation of my application?
You’ll receive an email confirming your application on the same day you submit it.

How will I receive my username?
Your username will be sent by post on the same day your welcome pack is emailed. For security reasons, usernames can’t be sent by email and must be provided via an alternative format.

When can I set up my password?
You should be able to set your password on the day you submit your application.
This may be delayed if your details have not been fully verified electronically or if additional sanctions or PEP checks are required.

Minimum age 18. 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 or manage your account online.

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

Dual Access Saver Online (DAS02)