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Opening an Account

Gibraltar/Offshore General Investment Conditions

This PDF document below sets out the Society’s General Investment Conditions.

We recommend you read the specific Product Conditions and information about how your investment account works in the Product Terms and Conditions for the account you have chosen.

If there is a conflict between the General Conditions and the Product Conditions then the Product Conditions will take precedence.

Although this is an online document, and therefore you can easily return to this page for future reference, you may wish to print the General Conditions, along with the relevant terms and conditions section and product page.

Gibraltar/Offshore General Investment Conditions
  PDF document
Gibraltar/Offshore General
Investment Conditions		    

   

Euro Investment Accounts
Effective from date of account opening
PDF document
1 Year Fixed Rate
Euro Bond 		PDF document
2 Year Fixed Rate
Euro Bond 		PDF document
3 Year Fixed Rate
Euro Bond 		PDF document
Euro Saver

   
Albion Saver
Effective from date of account opening
 
The Society’s General Investment Conditions (Gibraltar/Offshore) will apply unless (and to the extent that) they are inconsistent with these conditions. 
 
1. Gibraltar/Offshore Albion Saver is a variable rate account.
   
2. The Gibraltar Albion Saver is only available to UK passport holders who are resident in Gibraltar, executors and trustees and is not available to corporate bodies, nominees or minors.
 
3. The Offshore Albion Saver is only available to UK passport holders who are resident in Spain, executors and trustees and is not available to corporate bodies, nominees or minors.
 
4. The Gibraltar/Offshore Albion Saver is limited to one account per customer.
   
5. The minimum investment and operating balance is £2,500. The maximum investment and operating balance is £1,000,000 (£2,000,000 for joint accounts).
 
6. Additional funds, up to the maximum investment and operating balance of £1,000,000 (£2,000,000 for joint accounts), may be invested whilst the issue remains open for further investment.
 
7. Interest is calculated daily and paid annually on 1 June. (Commencing 1 June 2010).
   
8. Interest can either be credited to the account or transferred either to another UK or Gibraltar building society/bank account or to another account held with the Society.
 
9. Withdrawals can be made at any time without notice or loss of interest subject to the minimum balance of £2,500 being maintained. If the account falls below £2,500 at any time, the account will be closed. The account can be closed at any time without notice or loss of interest.
 
10. Cash withdrawals are not permitted.
 
11. Gibraltar/Offshore Albion Investment may be withdrawn without notice.
 
12. The Gibraltar/Offshore Albion Saver may be opened/operated through the Society’s Gibraltar branch (but not any other branches/agents) and/or by post through the Gibraltar Branch.
   
13. This account is a share account. This means that you will become a shareholding member of the Society through holding the account. You are bound by the Rules of the Society and copies of the Rules are available from our Gibraltar branch.
 
14. In accordance with the Society’s Rules, only the first named of joint account holders is entitled to exercise the rights of membership (such as voting and participation in any distribution of the Society’s assets). Joint account holders may select which of them is to be representative (i.e. first named) account holder.
   
   
Gibraltar/Offshore Fixed Rate Bond (Issue 36)
Effective from date of account opening
 
The Society’s General Investment Conditions (Gibraltar/Offshore) will apply unless (and to the extent that) they are inconsistent with these conditions. 
 
1. The Gibraltar/Offshore Fixed Rate Bond (Issue 36) is a fixed rate, fixed term account.
   
2. The Gibraltar Fixed Rate Bond (Issue 36) is only available to UK and Gibraltar passport holders who are resident in Gibraltar, executors or trustees, and is not available to corporate bodies, nominees or minors.
 
3. The Offshore Fixed Rate Bond (Issue 36) is only available to UK passport holders who are resident in Spain, executors or trustees, and is not available to corporate bodies, nominees or minors.
 
4. The Gibraltar/Offshore Fixed Rate Bond (Issue 36) is limited to one account per customer.
   
5. The minimum investment and operating balance is £100. The maximum investment and operating balance is £1,000,000 (£2,000,000 for joint accounts).
 
6. Additional funds, up to the maximum investment and operating balance of £1,000,000 (£2,000,000 for joint accounts), may be invested, whilst the issue remains open for further investment.
 
7. The Gibraltar/Offshore Fixed Rate Bond (Issue 36) will mature at close of business on 31 October 2010. On the day after maturity (1 November 2010), the Society will transfer your investment (including interest) to a maturity account. Full details including terms and conditions will be provided before maturity.
   
8. Interest is calculated daily and paid on maturity (31 October 2010) or monthly on the last working day of the month.
 
9. Annual interest can either be credited to the account or transferred either to another UK or Gibraltar building society/bank account or to another account held with the Society. Monthly interest must be transferred either to another UK or Gibraltar building society/bank account or to another account held with the Society.
 
10. Access is limited to withdrawals of up to 25% of the capital investment, without notice or loss of interest, prior to maturity (31 October 2010). Closure of the account or further withdrawals are not permitted until the day after maturity (1 November 2010).
 
11. Cash withdrawals/deposits are not permitted.
 
12. The Gibraltar/Offshore Fixed Rate Bond (Issue 36) is a limited issue and may be withdrawn without notice.
   
13. Fixed interest rates are related to long term market rates at the time of issue. Future fixed rate products may be offered at higher or lower rates depending upon changes in market conditions.
 
14. The Gibraltar/Offshore Fixed Rate Bond (Issue 36) may be opened/operated through the Society’s Gibraltar branch (but not any other branches/agents) and/or by post through the Gibraltar Branch.
   
15. This account is a share account. This means that you will become a shareholding member of the Society through holding the account. You are bound by the Rules of the Society and copies of the Rules are available from our Gibraltar branch.
   
16. In accordance with the Society’s Rules, only the first named of joint account holders is entitled to exercise the rights of membership (such as voting and participation in any distribution of the Society’s assets). Joint account holders may select which of them is to be representative (i.e. first named) account holder.
   
   
Gibraltar/Offshore Fixed Rate Bond (Issue 37)
Effective from date of account opening
 
The Society’s General Investment Conditions (Gibraltar/Offshore) will apply unless (and to the extent that) they are inconsistent with these conditions. 
 
1. The Gibraltar/Offshore Fixed Rate Bond (Issue 37) is a fixed rate, fixed term account.
   
2. The Gibraltar Fixed Rate Bond (Issue 37) is only available to UK and Gibraltar passport holders who are resident in Gibraltar, executors and trustees, and is not available to corporate bodies, nominees or minors.
 
3. The Offshore Fixed Rate Bond (Issue 37) is only available to UK passport holders who are resident in Spain, executors and trustees, and is not available to corporate bodies, nominees or minors.
 
4. The Gibraltar/Offshore Fixed Rate Bond (Issue 37) is limited to one account per customer.
   
5. The minimum investment and operating balance is £100. The maximum investment and operating balance is £1,000,000 (£2,000,000 for joint accounts).
 
6. Additional funds, up to the maximum investment and operating balance of £1,000,000 (£2,000,000 for joint accounts), may be invested, whilst the issue remains open for further investment.
 
7. The Gibraltar/Offshore Fixed Rate Bond (Issue 37) will mature at close of business on 31 October 2011. On the day after maturity (1 November 2011), the Society will transfer your investment (including interest) to a maturity account. Full details including terms and conditions will be provided before maturity.
   
8. Interest is calculated daily and paid annually on 31 October (commencing 31 October 2010) and on maturity (31 October 2011) or monthly on the last working day of the month.
 
9. Annual interest can either be credited to the account or transferred either to another UK or Gibraltar building society/bank account or to another account held with the Society. Monthly interest must be transferred either to another UK or Gibraltar building society/bank account or to another account held with the Society.
 
10. Access is limited to withdrawals of up to 10% of the capital investment, without notice or loss of interest, prior to maturity (31 October 2011). Closure of the account or further withdrawals are not permitted until the day after maturity (1 November 2011).
 
11. Cash withdrawals/deposits are not permitted.
 
12. The Gibraltar/Offshore Fixed Rate Bond (Issue 37) is a limited issue and may be withdrawn without notice.
   
13. Fixed interest rates are related to long term market rates at the time of issue. Future fixed rate products may be offered at higher or lower rates depending upon changes in market conditions.
 
14. The Gibraltar/Offshore Fixed Rate Bond (Issue 37) may be opened/operated through the Society’s Gibraltar branch (but not any other branches/agents) and/or by post through the Gibraltar branch.
   
15. This account is a share account. This means that you will become a shareholding member of the Society through holding the account. You are bound by the Rules of the Society and copies of the Rules are available from our Gibraltar branch.
   
16. In accordance with the Society’s Rules, only the first named of joint account holders is entitled to exercise the rights of membership (such as voting and participation in any distribution of the Society’s assets). Joint account holders may select which of them is to be representative (i.e. first named) account holder.
   
   
Gibraltar/Offshore Fixed Rate Bond (Issue 38)
Effective from date of account opening
 
The Society’s General Investment Conditions (Gibraltar/Offshore) will apply unless (and to the extent that) they are inconsistent with these conditions. 
 
1. The Gibraltar/Offshore Fixed Rate Bond (Issue 38) is a fixed rate, fixed term account.
   
2. The Gibraltar Fixed Rate Bond (Issue 38) is only available to UK and Gibraltar passport holders who are resident in Gibraltar, executors or trustees and is not available to corporate bodies, nominees or minors.
 
3. The Offshore Fixed Rate Bond (Issue 38) is only available to UK passport holders who are resident in Spain, executors or trustees and is not available to corporate bodies, nominees or minors.
 
4. The Gibraltar/Offshore Fixed Rate Bond (Issue 38) is limited to one account per customer.
   
5. The minimum investment and operating balance is £100. The maximum investment and operating balance is £1,000,000 (£2,000,000 for joint accounts).
 
6. Additional funds, up to the maximum investment and operating balance of £1,000,000 (£2,000,000 for joint accounts), may be invested, whilst the issue remains open for further investment.
 
7. The Gibraltar/Offshore Fixed Rate Bond (Issue 38) will mature at close of business on 31 October 2012. On the day after maturity (1 November 2012), the Society will transfer your investment (including interest) to a maturity account. Full details including terms and conditions will be provided before maturity.
   
8. Interest is calculated daily and paid annually on 31 October (commencing 31 October 2010) and on maturity (31 October 2012) or monthly on the last working day of the month.
 
9. Annual interest can either be credited to the account or transferred either to another UK or Gibraltar building society/bank account or to another account held with the Society. Monthly interest must be transferred either to another UK or Gibraltar building society/bank account or to another account held with the Society.
 
10. Access is limited to withdrawals of up to 10% of your capital investment without notice or loss of interest prior to maturity (31 October 2012). Closure of the account or further withdrawals are not permitted until the day after maturity (1 November 2012).
 
11. Cash withdrawals/deposits are not permitted.
   
12. The Gibraltar/Offshore Fixed Rate Bond (Issue 38) is a limited issue and may be withdrawn without notice.
 
13. The fixed interest rates are related to long term market rates at the time of issue. Future fixed rate products may be offered at higher or lower rates depending upon changes in market conditions.
 
14. The Gibraltar/Offshore Fixed Rate Bond (Issue 38) may be opened/operated through the Society’s Gibraltar branch (but not any other branches/agents) and/or by post through the Gibraltar Branch.
 
15. This account is a share account. This means that you will become a shareholding member of the Society through holding the account. You are bound by the Rules of the Society and copies of the Rules are available from our Gibraltar branch.
 
16. In accordance with the Society’s Rules, only the first named of joint account holders is entitled to exercise the rights of membership (such as voting and participation in any distribution of the Society’s assets). Joint account holders may select which of them is to be representative (i.e. first named) account holder.
   
   
Gibraltar/Offshore Fixed Rate Bond (Issue 39)
Effective from date of account opening
 
The Society’s General Investment Conditions (Gibraltar/Offshore) will apply unless (and to the extent that) they are inconsistent with these conditions. 
 
1. The Gibraltar/Offshore Fixed Rate Bond (Issue 39) is a fixed rate, fixed term account.
   
2. The Gibraltar Fixed Rate Bond (Issue 39) is only available to UK or Gibraltar passport holders who are resident in Gibraltar, executors and trustees and is not available to corporate bodies, nominees or minors.
 
3. The Offshore Fixed Rate Bond (Issue 39) is only available to UK passport holders who are resident in Spain, executors and trustees and is not available to corporate bodies, nominees or minors.
 
4. The Gibraltar/Offshore Fixed Rate Bond (Issue 39) is limited to one account per customer.
   
5. The minimum investment and operating balance is £100. The maximum investment and operating balance is £1,000,000 (£2,000,000 for joint accounts).
 
6. Additional funds, up to the maximum investment and operating balance of £1,000,000 (£2,000,000 for joint accounts), may be invested, whilst the issue remains open for further investment.
 
7. The Gibraltar/Offshore Fixed Rate Bond (Issue 39) will mature at close of business on 31 October 2014. On the day after maturity (1 November 2014), the Society will transfer your investment (including interest) to a maturity account. Full details including terms and conditions will be provided before maturity.
   
8. Interest is calculated daily and paid annually on 31 October (commencing 31 October 2010) and on maturity (31 October 2014) or monthly on the last working day of the month.
 
9. Annual interest can either be credited to the account or transferred either to another UK or Gibraltar building society/bank account or to another account held with the Society. Monthly interest must be transferred either to another UK or Gibraltar building society/bank account or to another account held with the Society.
 
10. Withdrawals are subject to 180 days loss of interest prior to maturity (31 October 2014). Full access without loss of interest is permitted the day after maturity (1 November 2014).
 
11. Cash withdrawals/deposits are not permitted.
   
12. The Gibraltar/Offshore Fixed Rate Bond (Issue 39) is a limited issue and may be withdrawn without notice.
 
13. The fixed interest rates are related to long term market rates at the time of issue. Future fixed rate products may be offered at higher or lower rates depending upon changes in market conditions.
 
14. The Gibraltar/Offshore Fixed Rate Bond (Issue 39) may be opened/operated through the Society’s Gibraltar branch (but not any other branches/agents) and/or by post through the Gibraltar Branch.
 
15. This account is a share account. This means that you will become a shareholding member of the Society through holding the account. You are bound by the Rules of the Society and copies of the Rules are available from our Gibraltar branch.
 
16. In accordance with the Society’s Rules, only the first named of joint account holders is entitled to exercise the rights of membership (such as voting and participation in any distribution of the Society’s assets). Joint account holders may select which of them is to be representative (i.e. first named) account holder.
   
 
Gibraltar Escalator Bond
Effective from date of account opening
 
The Society’s General Investment Conditions (Gibraltar/Offshore) will apply unless (and to the extent that) they are inconsistent with these conditions. 
 
1. The Gibraltar Escalator Bond is a fixed rate, fixed term account.
   
2. The Gibraltar Escalator Bond is only available to UK passport holders who are resident in Gibraltar and is not available to corporate bodies, executors, trustees, nominees or minors.
 
3. The Gibraltar Escalator Bond is limited to one account per customer.
 
4. The minimum investment and operating balance is £5,000. The maximum investment and operating balance is £1,000,000 (£2,000,000 for joint accounts).
   
5. Additional funds, up to the maximum investment and operating balance of £1,000,000 (£2,000,000 for joint accounts), may be invested, whilst the issue remains open for further investment.
 
6. The Gibraltar Escalator Bond will mature at close of business on 1 July 2010. On the day after maturity (2 July 2010), the Society will transfer your investment (including interest) to a maturity account. Full details including terms and conditions will be provided before maturity.
 
7. Interest is calculated daily and paid on 1 July 2009 and on maturity (1 July 2010), or monthly on the last working day of the month.
   
8. Annual interest can either be credited to the account or transferred either to another UK or Gibraltar building society/bank account or to another account held with the Society. Monthly interest must be transferred either to another UK or Gibraltar building society/bank account or to another account held with the Society.
 
9. Access is limited to one withdrawal of up to 25% of your initial capital investment without notice or loss of interest until 1 July 2009. From 2 July 2009, withdrawals can be made at anytime without notice or loss of interest, prior to maturity (1 July 2010) subject to the minimum balance of £5,000 being maintained. If the account falls below £5,000 at any time, the account will be closed.
 
10. Cash withdrawals/deposits are not permitted.
 
11. The Gibraltar Escalator Bond is a limited issue and may be withdrawn without notice.
 
12. The fixed interest rates are related to long term market rates at the time of issue. Future fixed rate products may be offered at higher or lower rates depending upon changes in market conditions.
   
13. The Gibraltar Escalator Bond may be opened/operated through the Society’s Gibraltar branch (but not any other branches/agents) and/or by post through the Gibraltar Branch.
 
14. This account is a share account. This means that you will become a shareholding member of the Society through holding the account. You are bound by the Rules of the Society and copies of the Rules are available from our Gibraltar branch.
   
15. In accordance with the Society’s Rules, only the first named of joint account holders is entitled to exercise the rights of membership (such as voting and participation in any distribution of the Society’s assets). Joint account holders may select which of them is to be representative (i.e. first named) account holder.

   
Offshore Escalator Bond
Effective from date of account opening
 
The Society’s General Investment Conditions (Gibraltar/Offshore) will apply unless (and to the extent that) they are inconsistent with these conditions. 
 
1. The Offshore Escalator Bond is a fixed rate, fixed term account.
   
2. The Offshore Escalator Bond is only available to UK passport holders who are resident in Spain and is not available to corporate bodies, executors, trustees, nominees or minors.
 
3. The Offshore Escalator Bond is limited to one account per customer.
 
4. The minimum investment and operating balance is £5,000. The maximum investment and operating balance is £1,000,000 (£2,000,000 for joint accounts).
   
5. Additional funds, up to the maximum investment and operating balance of £1,000,000 (£2,000,000 for joint accounts), may be invested, whilst the issue remains open for further investment.
 
6. The Offshore Escalator Bond will mature at close of business on 1 July 2010. On the day after maturity (2 July 2010), the Society will transfer your investment (including interest) to a maturity account. Full details including terms and conditions will be provided before maturity.
 
7. Interest is calculated daily and paid on 1 July 2009 and on maturity (1 July 2010), or monthly on the last working day of the month.
   
8. Annual interest can either be credited to the account or transferred either to another UK or Gibraltar building society/bank account or to another account held with the Society. Monthly interest must be transferred either to another UK or Gibraltar building society/bank account or to another account held with the Society.
 
9. Access is limited to one withdrawal of up to 25% of your initial capital investment without notice or loss of interest until 1 July 2009. From 2 July 2009, withdrawals can be made at anytime without notice or loss of interest, prior to maturity (1 July 2010) subject to the minimum balance of £5,000 being maintained. If the account falls below £5,000 at any time, the account will be closed.
 
10. Cash withdrawals/deposits are not permitted.
 
11. The Offshore Escalator Bond is a limited issue and may be withdrawn without notice.
 
12. The fixed interest rates are related to long term market rates at the time of issue. Future fixed rate products may be offered at higher or lower rates depending upon changes in market conditions.
   
13. The Offshore Escalator Bond may be opened/operated through the Society’s Gibraltar branch (but not any other branches/agents) and/or by post through the Gibraltar Branch.
 
14. This account is a share account. This means that you will become a shareholding member of the Society through holding the account. You are bound by the Rules of the Society and copies of the Rules are available from our Gibraltar branch.
   
15. In accordance with the Society’s Rules, only the first named of joint account holders is entitled to exercise the rights of membership (such as voting and participation in any distribution of the Society’s assets). Joint account holders may select which of them is to be representative (i.e. first named) account holder.

   
RegularSaver (Gibraltar/Offshore)
Individual Account Terms & Conditions
 
The Society’s General Investment Conditions (Gibraltar/Offshore) will apply unless (and to the extent that) they are inconsistent with these conditions. 
 
1. Gibraltar/Offshore RegularSaver (Issue 2) is a variable rate account.
   
2. The Gibraltar RegularSaver (Issue 2) is only available to UK passport holders who are resident in Gibraltar and is not available to minors, executors, trustees, nominees or corporate bodies.
 
3. The Offshore RegularSaver (Issue 2) is only available to UK passport holders who are resident in Spain and is not available to minors, executors, trustees, nominees or corporate bodies.
 
4. Gibraltar/Offshore RegularSaver (Issue 2) is limited to one account per customer.
   
5. The minimum monthly payment is £20. The maximum monthly payment is £500.
 
6. All monthly payments must be made by either standing order, cheque or transfer from another Society account.
 
7. Interest is calculated daily and paid annually on 1 March.
   
8. Interest can either be credited to your account or transferred to another UK or Gibraltar building society/bank account or to another account held with the Society.
 
9. The Bonus period runs annually from 1 March to 28 February (29 February in a leap year). The Bonus is calculated daily and paid to your account on 1 March. To qualify for a Bonus during the Bonus period you must make one payment each month. If your account is closed during any Bonus period you will not qualify for a Bonus in respect of that period.
   
10. Access is limited to one withdrawal during the Bonus period. If a second withdrawal is required, then no Bonus will be paid for that Bonus period.
 
11. Cash deposits/withdrawals are not permitted.
 
12. The level of any Bonus payment is a condition of the account and can be varied in accordance with the Society’s Gibraltar/Offshore General Investment Conditions.
   
13. This account is a share account. This means that you will become a shareholding member of the Society through holding the account. You are bound by the Rules of the Society and copies of the Rules are available from our Gibraltar branch.
 
14. In accordance with the Society’s Rules, only the first named of joint account holders is entitled to exercise the rights of membership (such as voting and participation in any distribution of the Society’s assets). Joint account holders may select which of them is to be representative (i.e. first named) account holder.
 

You must read the General Investment Conditions, as these apply to your account. – click here.


 
Gibraltar Access Plus (issue 7)
Individual Account Terms & Conditions
 
The Society’s General Investment Conditions (Gibraltar/Offshore) will apply unless (and to the extent that) they are inconsistent with these conditions. 
 
1. The Gibraltar Access Plus (Issue 7) is a fixed rate, fixed term account.
   
2. The Gibraltar Access Plus (Issue 7) is only available to UK passport holders who are resident in Gibraltar, executors and trustees and is not available to corporate bodies, nominees or minors.
 
3. The Gibraltar Access Plus (Issue 7) is limited to one account per customer.
 
4. The minimum investment and operating balance is £1,000. The maximum investment and operating balance is £250,000 (£500,000 for joint accounts).
   
5. Additional funds, up to the maximum investment and operating balance of £250,000 (£500,000 for joint accounts), may be invested, whilst the issue remains open for further investment.
 
6. The Gibraltar Access Plus (Issue 7) will mature at close of business on 30 November 2009. On the day after maturity (1 December 2009), the Society will transfer your investment (including interest) to a maturity account. Full details including terms and conditions will be provided before maturity.
 
7. Interest is calculated daily and paid on 30 November 2008 and on maturity (30 November 2009).
   
8. Interest can be credited to the account or transferred either to another UK or Gibraltar building society/bank account or to another account held with the Society.
 
9. One penalty free withdrawal is permitted, subject to the minimum balance of £1,000 being maintained, before maturity (30 November 2009). If a second withdrawal is made, or the account falls below the minimum investment and operating balance of £1,000, then the account may be closed.
 
10. Cash withdrawals/deposits are not permitted.
 
11. The Gibraltar Access Plus (Issue 7) is a limited issue and may be withdrawn without notice.
 
12. The fixed interest rate is related to long term market rates at the time of issue. Future fixed rate products may be offered at higher or lower rates depending upon changes in market conditions.
   
13. The Gibraltar Access Plus (Issue 7) may be opened/operated through the Society’s Gibraltar branch (but not any other branches/agents) and/or by post through the Gibraltar Branch.
   
14. This account is a share account. This means that you will become a shareholding member of the Society through holding the account. You are bound by the Rules of the Society and copies of the Rules are available from our Gibraltar branch.
   
15. In accordance with the Society’s Rules, only the first named of joint account holders is entitled to exercise the rights of membership (such as voting and participation in any distribution of the Society’s assets). Joint account holders may select which of them is to be representative (i.e. first named) account holder.

 
Gibraltar (Offshore) Access Plus (Issue 7)
Individual Account Terms & Conditions
 
The Society’s General Investment Conditions (Gibraltar/Offshore) will apply unless (and to the extent that) they are inconsistent with these conditions. 
 
1. The Gibraltar (Offshore) Access Plus (Issue 7) is a fixed rate, fixed term account.
   
2. The Gibraltar (Offshore) Access Plus (Issue 7) is only available to UK passport holders who are resident in Spain, executors and trustees and is not available to corporate bodies, nominees or minors.
 
3. The Gibraltar (Offshore) Access Plus (Issue 7) is limited to one account per customer.
 
4. The minimum investment and operating balance is £1,000. The maximum investment and operating balance is £250,000 (£500,000 for joint accounts).
   
5. Additional funds, up to the maximum investment and operating balance of £250,000 (£500,000 for joint accounts), may be invested, whilst the issue remains open for further investment.
 
6. The Gibraltar (Offshore) Access Plus (Issue 7) will mature at close of business on 30 November 2009. On the day after maturity (1 December 2009), the Society will transfer your investment (including interest) to a maturity account. Full details including terms and conditions will be provided before maturity.
 
7. Interest is calculated daily and paid on 30 November 2008 and on maturity (30 November 2009).
   
8. Interest can be credited to the account or transferred either to another UK or Gibraltar building society/bank account or to another account held with the Society.
 
9. One penalty free withdrawal is permitted, subject to the minimum balance of £1,000 being maintained, before maturity (30 November 2009). If a second withdrawal is made or the balance falls below the minimum operating balance, then the account may be closed.
 
10. Cash withdrawals/deposits are not permitted.
 
11. The Gibraltar (Offshore) Access Plus (Issue 7) is a limited issue and may be withdrawn without notice.
 
12. The fixed interest rate is related to long term market rates at the time of issue. Future fixed rate products may be offered at higher or lower rates depending upon changes in market conditions.
   
13. The Gibraltar (Offshore) Access Plus (Issue 7) may be opened/operated through the Society’s Gibraltar branch (but not any other branches/agents) and/or by post through the Gibraltar Branch.
   
14. This account is a share account. This means that you will become a shareholding member of the Society through holding the account. You are bound by the Rules of the Society and copies of the Rules are available from our Gibraltar branch.
   
15. In accordance with the Society’s Rules, only the first named of joint account holders is entitled to exercise the rights of membership (such as voting and participation in any distribution of the Society’s assets). Joint account holders may select which of them is to be representative (i.e. first named) account holder.

 
Gibraltar Flexible Freedom
(Effective from date of account opening)
 
The Society’s General Investment Conditions (Gibraltar/Offshore) will apply unless (and to the extent that) they are inconsistent with these conditions. 
 
1. The Gibraltar Flexible Freedom account is a variable rate account. The rate of interest is variable and will not be less than 1% below Bank of England base rate until 1 September 2010.
   
2. The Gibraltar Flexible Freedom account is only available to UK passport holders who are resident in Gibraltar and aged 50 years or over. The account is not available to trustees, executors, minors, nominees or corporate bodies.
 
3. The Gibraltar Flexible Freedom account is limited to one account per customer.
 
4. The minimum investment and operating balance is £500. The maximum investment and operating balance is £1,000,000 (£2,000,000 for joint accounts).
   
5. Additional funds up to the maximum investment and operating balance of £1,000,000 may be invested whilst the issue remains open for further investment.
 
6. Interest is calculated daily and paid annually on 1 September or monthly on the last working day of the month. The interest rate payable on the Gibraltar Flexible Freedom account is guaranteed not to be less than 1% below the Bank of England base rate until 1 September 2010. Changes to the Bank of England base rate will be passed on from the first day of the following month.
 
7. Annual interest can either be credited to the account or transferred to another UK or Gibraltar building society/bank account or to another account held with the Society. Monthly interest must be transferred either to another UK or Gibraltar building society/bank account or to another account held with the Society.
   
8. Withdrawals can be made at any time, without notice or loss of interest, subject to the minimum balance of £500 being maintained. If the account falls below £500 at any time, the account will be closed. The account can be closed at any time without notice or loss of interest. Withdrawals can be made at our Gibraltar branch by cheque only providing the minimum operating balance is maintained.
 
9. The Gibraltar Flexible Freedom account does not permit any cash deposits/withdrawals.
 
10. The Gibraltar Flexible Freedom account may be withdrawn without notice.
 
11. The Gibraltar Flexible Freedom account may be opened/operated through the Society’s Gibraltar branch (but not any other branches/agents) and/or by post through the Gibraltar branch.
 
12. At least one direct pension credit (State or Private) must be paid into the account by monthly standing order. If you do not make at least one direct pension credit to the account or you cancel your monthly standing order we may close the account and repay your investment to you.
   
13. This account is a share account. This means that you will become a shareholding member of the Society through holding the account. You are bound by the Rules of the Society and copies of the Rules are available from our Gibraltar branch.
   
14. In accordance with the Society’s Rules, only the first named of joint account holders is entitled to exercise the rights of membership (such as voting and participation in any distribution of the Society’s assets). Joint account holders may select which of them is to be representative (i.e. first named) account holder.
   

 
Gibraltar Flexible Freedom (Offshore)
(Effective from date of account opening)
 
The Society’s General Investment Conditions (Gibraltar/Offshore) will apply unless (and to the extent that) they are inconsistent with these conditions. 
 
1. The Gibraltar Flexible Freedom (Offshore) account is a variable rate account. The rate of interest is variable and will not be less than 1% below Bank of England base rate until 1 September 2010.
   
2. The Gibraltar Flexible Freedom (Offshore) account is only available to UK passport holders who are resident in Spain and aged 50 years or over. The account is not available to trustees, executors, nominees, minors or corporate bodies.
 
3. The Gibraltar Flexible Freedom (Offshore) account is limited to one account per customer.
 
4. The minimum investment and operating balance is £500. The maximum investment and operating balance is £1,000,000 (£2,000,000 for joint accounts).
   
5. Additional funds, up to the maximum investment and operating balance of £1,000,000 (£2,000,000 for joint accounts) may be invested, whilst the issue remains open for further investment.
 
6. Interest is calculated daily and paid either annually on 1 September or monthly on the last working day of the month. The interest rate payable on the Gibraltar Flexible Freedom (Offshore) account is guaranteed not to be less than 1% below the Bank of England base rate until 1 September 2010. Changes to the Bank of England base rate will be passed on from the first day of the following month.
 
7. Annual interest can either be credited to the account or transferred to another UK or Gibraltar building society/bank account or to another account held with the Society. Monthly interest must be transferred either to another UK or Gibraltar building society/bank account or to another account held with the Society.
   
8. Withdrawals can be made at any time without notice or loss of interest, subject to the minimum balance of £500 being maintained. If the account falls below £500 at any time, the account will be closed. The account can be closed at any time without notice or loss of interest. Withdrawals can be made at our Gibraltar branch by cheque only providing the minimum operating balance is maintained.
 
9. The Gibraltar Flexible Freedom (Offshore) account does not permit any cash deposits/withdrawals.
 
10. The Gibraltar Flexible Freedom (Offshore) account may be withdrawn without notice.
 
11. The Gibraltar Flexible Freedom (Offshore) account may be opened/operated through the Society’s Gibraltar branch (but not any other branches/agents) and/or by post through the Gibraltar branch.
 
12. At least one direct pension credit (State or Private) must be paid into the account by monthly standing order. If you do not make at least one direct pension credit to the account or you cancel your monthly standing order we may close the account and repay your investment to you.
   
13. This account is a share account. This means that you will become a shareholding member of the Society through holding the account. You are bound by the Rules of the Society and copies of the Rules are available from our Gibraltar branch.
   
14. In accordance with the Society’s Rules, only the first named of joint account holders is entitled to exercise the rights of membership (such as voting and participation in any distribution of the Society’s assets). Joint account holders may select which of them is to be representative (i.e. first named) account holder.

   
The Gibraltar (Offshore) DinoSaver Individual Account Terms & Conditions - Effective from the date of account opening.
 
The Society’s General Investment Conditions (Gibraltar/Offshore) will apply unless (and to the extent that) they are inconsistent with these conditions. 
 
1. Gibraltar (Offshore) DinoSaver is a variable rate account.
   
2. Gibraltar (Offshore) DinoSaver is not available to executors, trustees, nominees or corporate bodies.
 
3. Gibraltar (Offshore) DinoSaver is limited to one account per customer. The account must be opened in the sole name of the child.
 
4. The Child must be under the age of 12 and a UK passport holder resident in Spain to open an account.
   
5. The minimum investment and operating balance is £10. The maximum investment and operating balance is £1,000,000.
 
6. Additional funds, up to the maximum investment and operating balance of £1,000,000 may be invested whilst the issue remains open for further investment.
 
7. When the Gibraltar (Offshore) DinoSaver account holder reaches the age of 12, the account will mature. On maturity, the Society will transfer the account to the current 12-17 year account available at the time. We may write to offer alternative accounts.
   
8. Interest is calculated daily and paid annually on 1 January.
 
9. Interest can either be credited to the account or transferred either to another UK or Gibraltar building society/bank account or to another account held with the Society.
 
10. Unlimited withdrawals can be made as long as the £10 minimum operating balance is maintained. If the account falls below £10 at any time the account will be closed. Withdrawals must be made by cheque.
 
11. Withdrawals must be made by a parent/guardian.
 
12. The Society must be satisfied that the withdrawn funds are to be used for the benefit of the Child. All withdrawn cheques should be made payable to the Gibraltar (Offshore) DinoSaver account holder.
   
13. Cash transactions are not permitted.
 
14. The Gibraltar (Offshore) DinoSaver may be opened/operated through the Society’s Gibraltar branch (but not any other branches/agents) and/or by post through the Gibraltar branch.
 
15. If the passbook is lost or stolen a ‘Lost/Stolen Passbook’ Declaration must be completed by a parent/guardian.
   
16. This account is a share account. This means that you will become a shareholding member of the Society through holding the account. You are bound by the Rules of the Society and copies of the Rules are available from our Gibraltar branch.

   
The Gibraltar DinoSaver Individual Account Terms & Conditions -
Effective from the date of account opening
 
The Society’s General Investment Conditions (Gibraltar/Offshore) will apply unless (and to the extent that) they are inconsistent with these conditions. 
 
1. Gibraltar DinoSaver is a variable rate account.
   
2. Gibraltar DinoSaver is not available to executors, trustees, nominees or corporate bodies.
 
3. Gibraltar DinoSaver is limited to one account per customer. The account must be opened in the sole name of the child.
 
4. The child must be under the age of 12 and a UK passport holder resident in Gibraltar to open an account.
   
5. The minimum investment and operating balance is £10. The maximum investment and operating balance is £1,000,000.
 
6. Additional funds up to the maximum investment and operating balance of £1,000,000 may be invested whilst the issue remains open for further investment.
 
7. When the Gibraltar DinoSaver account holder reaches the age of 12, the account will mature. On maturity, the Society will transfer the account to the current 12-17 year old account available at the time. We may write to offer alternative accounts.
   
8. Interest is calculated daily and paid annually on 1 January.
 
9. Interest can either be credited to the account or transferred either to another UK or Gibraltar building society/bank account or to another account held with the Society.
 
10. Unlimited withdrawals can be made as long as the £10 minimum operating balance is maintained. If the account falls below £10 at any time then the account will be closed. Withdrawals must be made by cheque.
 
11. Withdrawals must be made by a parent/guardian.
 
12. The Society must be satisfied that the withdrawn funds are to be used for the benefit of the Child. All withdrawn cheques should be made payable to the Gibraltar DinoSaver account holder.
   
13. Cash transactions are not permitted.
   
14. The Gibraltar DinoSaver may be opened/operated through the Society’s Gibraltar branch (but not any other branches/agents) and/or by post through the Gibraltar branch.
   
15 If the passbook is lost or stolen a ‘Lost/Stolen Passbook’ Declaration must be completed by a parent/guardian.
   
16. This account is a share account. This means that you will become a shareholding member of the Society through holding the account. You are bound by the Rules of the Society and copies of the Rules are available from our Gibraltar branch.

   
Gibraltar Vault Individual Account Terms & Conditions -
Effective from date of account opening
 
The Society’s General Investment Conditions (Gibraltar/Offshore) will apply unless (and to the extent that) they are inconsistent with these conditions. 
 
1. The Gibraltar Vault is a variable rate account.
   
2. The Gibraltar Vault is not available to trustees, executors, nominees or corporate bodies.
 
3. The Gibraltar Vault is limited to one account per customer. The account must be opened in the sole name of the child.
 
4. The child must be aged 12-17 years inclusive and a UK passport holder resident in Gibraltar to open an account.
   
5. The minimum investment and operating balance is £10. The maximum investment & operating balance is £1,000,000.
 
6. Additional funds, up to the maximum investment and operating balance of £1,000,000 may be invested whilst the issue remains open for further investment.
 
7. When the child reaches the age of 18, the account will mature. The child will be solely responsible for operating the account and the parent/guardian will no longer be required to countersign withdrawals. On maturity, the Society will transfer the account to the Society’s Gibraltar Tracker Gold account.
   
8. Interest is calculated daily and paid annually on 1 January.
 
9. Interest can either be credited to the account or transferred either to another UK or Gibraltar building society/bank account or to another account held with the Society.
 
10. One withdrawal per week of up to £250 may be made by the child. If the child wishes to withdraw more than £250 or make more than one withdrawal in a week, both the child and a parent/guardian must sign for the withdrawal. Withdrawals are subject to the minimum balance being maintained. If the account balance falls below £10 at any time, the account may be closed.
 
11. The Society must be satisfied that the withdrawn funds are to be used for the benefit of the child. All withdrawal cheques should be made payable to the child.
   
12. Cash transactions are not permitted.
 
13. The Gibraltar Vault may be opened/operated through the Society’s Gibraltar branch (but not any other branches/agents) and/or by post through the Gibraltar branch.
 
14. If the passbook is lost or stolen, a ‘Lost/Stolen Passbook’ Declaration must be completed by a parent/guardian.
 
15. This account is a share account. This means that you will become a shareholding member of the Society through holding the account. You are bound by the Rules of the Society and copies of the Rules are available from our Gibraltar branch.
 
Gibraltar Tracker Gold Individual Account Terms & Conditions - Effective from date of 18th birthday
 
The Society’s General Investment Conditions (Gibraltar/Offshore) will apply unless (and to the extent that) they are inconsistent with these conditions. 
 
1. The Gibraltar Tracker Gold Account is a variable rate account. The interest rate is variable and will be the equivalent of the Bank of England Base Rate less a variable percentage. The Society may vary this percentage and will give advance notice of any change.
   
2. The Gibraltar Tracker Gold Account is only available to UK passport holders resident in Gibraltar and is not available to executors, trustees, nominees or corporate bodies.
 
3. The Gibraltar Tracker Gold Account is limited to one account per customer.
 
4. The minimum investment and operating balance is £100. The maximum investment and operating balance is £1,000,000 (£2,000,000 for joint accounts).
   
5. Additional funds up to the maximum investment and operating balance of £1,000,000 (£2,000,000 for joint accounts) may only be invested whilst the account remains open for further investment.
 
6. Interest is calculated daily and paid annually on 1 December. The interest rate is variable and will be the equivalent of the Bank of England Base Rate less a variable percentage. Changes to the Base Rate will be passed on from the first day of the following month.
 
7. Interest can either be credited to the account or transferred either to another UK or Gibraltar building society/bank account or to another account held with the Society.
   
8. The Gibraltar Tracker Gold Account may be operated through the Society’s Gibraltar branch (but not any other branches/agents) and/or by post through the Society’s Gibraltar branch.
 
9. Withdrawals can be made at any time without notice or loss of interest. If the account balance falls below £10 at any time then the account may be closed.
 
10. Cash withdrawals/deposits are not permitted.
   
11. The Gibraltar Tracker Gold Account is a maturity account only and is not available to new customers.
 
12. This account is a share account. This means that you will become a shareholding member of the Society through holding the account. You are bound by the Rules of the Society and copies of the Rules are available from our Gibraltar branch.
 
13. In accordance with the Society’s Rules, only the first named of joint account holders is entitled to exercise the rights of membership (such as voting and participation in any distribution of the Society’s assets). Joint account holders may select which of them is to be representative (i.e. first named) account holder.
   
Gibraltar Vault (Offshore) Individual Account Terms & Conditions -
Effective from date of account opening
 
The Society’s General Investment Conditions (Gibraltar/Offshore) will apply unless (and to the extent that) they are inconsistent with these conditions. 
 
1. The Gibraltar Vault (Offshore) is a variable rate account.
   
2. The Gibraltar Vault (Offshore) is not available to executors, trustees, nominees or corporate bodies.
 
3. The Gibraltar Vault (Offshore) is limited to one account per customer. The account must be opened in the sole name of the child.
 
4. The child must be aged 12-17 years inclusive and a UK passport holder resident in Spain to open an account.
   
5. The minimum investment and operating balance is £10. The maximum investment & operating balance is £1,000,000.
 
6. Additional funds up to the maximum investment and operating balance of £1,000,000 may be invested whilst the issue remains open for further investment.
 
7. When the child reaches the age of 18, the account will mature. The child will be responsible for operating the account and the parent/guardian will no longer be required to countersign withdrawals. On maturity, the Society will transfer the account to the Society’s Gibraltar Tracker Gold (Offshore) account.
   
8. Interest is calculated daily and paid annually on 1 January.
 
9. Interest can either be credited to the account or transferred either to another UK or Gibraltar building society/bank account or to another account held with the Society.
 
10. One withdrawal per week of up to £250 may be made by the child. If the child wishes to withdraw more than £250 or make more than one withdrawal in a week, both the child and a parent/guardian must sign for the withdrawal. Withdrawals are subject to the minimum balance being maintained. If the account balance falls below £10 at any time, the account may be closed.
 
11. The Society must be satisfied that the withdrawn funds are to be used for the benefit of the child. All withdrawal cheques should be made payable to the child.
   
12. Cash transactions are not permitted.
 
13. The Gibraltar Vault (Offshore) may be opened/operated through the Society’s Gibraltar branch (but not any other branches/agents) and/or by post through the Gibraltar branch.
 
14. If the passbook is lost or stolen, a ‘Lost/Stolen Passbook’ Declaration must be completed by a parent/guardian.
 
15. This account is a share account. This means that you will become a shareholding member of the Society through holding the account. You are bound by the Rules of the Society and copies of the Rules are available from our Gibraltar branch.
 
Gibraltar Tracker Gold (Offshore) Individual Account Terms & Conditions - Effective from date of 18th birthday
 
The Society’s General Investment Conditions (Gibraltar/Offshore) will apply unless (and to the extent that) they are inconsistent with these conditions. 
 
1. The Gibraltar Tracker Gold (Offshore) Account is a variable rate account. The interest rate is variable and will be the equivalent of the Bank of England Base Rate less a variable percentage. The Society may vary this percentage and will give advance notice of any change.
   
2. The Gibraltar Tracker Gold (Offshore) Account is only available to UK passport holders resident in Spain and is not available to executors, trustees, nominees or corporate bodies.
 
3. The Gibraltar Tracker Gold (Offshore) Account is limited to one account per customer.
 
4. The minimum investment and operating balance is £100. The maximum investment and operating balance is £1,000,000 (£2,000,000 for joint accounts).
   
5. Additional funds up to the maximum investment and operating balance of £1,000,000 (£2,000,000 for joint accounts) may only be invested whilst the account remains open for further investment.
 
6. Interest is calculated daily and paid annually on 1 December. The interest rate is variable and will be the equivalent of the Bank of England Base Rate less a variable percentage. Changes to the Base Rate will be passed on from the first day of the following month.
 
7. Interest can either be credited to the account or transferred either to another UK or Gibraltar building society/bank account or to another account held with the Society.
   
8. Withdrawals can be made at any time without notice or loss of interest. If the account balance falls below £10 at any time, the account may be closed.
 
9. The Gibraltar Tracker Gold (Offshore) Account may be operated through the Society’s Gibraltar branch (but not any other branches/agents) and/or by post through the Gibraltar branch.
 
10. Cash withdrawals/deposits are not permitted.
   
11. The Gibraltar Tracker Gold (Offshore) Account is a maturity account only and is not available to new customers.
 
12. This account is a share account. This means that you will become a shareholding member of the Society through holding the account. You are bound by the Rules of the Society and copies of the Rules are available from our Gibraltar branch.
 
13. In accordance with the Society’s Rules, only the first named of joint account holders is entitled to exercise the rights of membership (such as voting and participation in any distribution of the Society’s assets). Joint account holders may select which of them is to be representative (i.e. first named) account holder.
 

You must read the General Investment Conditions, as these apply to your account. – click here.