Falcon Instant

Falcon Instant is an ideal account for regular use as it accepts deposits and withdrawals at any time without penalty or notice. It has no minimum deposit requirements and can still be opened with just £1. It's an account that offers a good start for savings or a short-term home for a balance requiring quick access. Most of all it's an account that can grow with you, as with tiered rates the more you save, the better the rate.

Deposits and withdrawals

You can invest and withdraw from this account at any time to suit your requirements. The account's tiered levels offer the incentive of a better interest rate at £500, £5,000 and £10,000. Take a look at our interest rates to see the rates currently applicable. Rates are variable on this account and can go down as well as up.

Withdrawals can be made at a branch counter to provide cash or cheques. Withdrawals by post offer cheques only. In both cases your passbook will be required. No notice of withdrawal is required, subject to the general terms and conditions seen below.

Terms and conditions specific to the Falcon Instant account.

This section contains the particular terms of the Falcon Instant Account (the "Specific Product Terms") and the general terms and conditions (the "General Terms").

Read together, the Specific Product Terms and the General Terms (a link to which is set out below), explain and govern how your account works. In particular, General Terms 4, 5 and 12 explain the circumstances in which we may change the interest rates and the terms and conditions to your account and any charges relating to your account and how we will tell you about those changes. It is important that you read all of the terms applicable to your account before you decide whether to open it. If there is any inconsistency between the Specific Product Terms and the General Terms, then the Specific Product Term will apply.

If you open an account it will be with Yorkshire Building Society (trading as Barnsley Building Society). Barnsley Building Society is operated under its own brand with its own products and as a trading name of Yorkshire Building Society. References in the Specific Product Terms or in the General Terms to "you" and "your" are to the account holder. References to "we", "our" or to "the Barnsley" are to Yorkshire Building Society trading as Barnsley Building Society.

As you will be a member of Yorkshire Building Society, the Society's Rules will apply to you. A copy of the current Rules is available on request. Further information about membership and other issues can be found in the Yorkshire Building Society leaflet entitled "Your Society" available in all Barnsley branches.

Specific Product Terms

Investment - Minimum Initial Investment - £1 Maximum account holding - £1,000,000
Interest is paid - 31st December

Additional Interest: As Falcon Instant has tiered interest rates additional interest becomes payable when account balance reaches £500, £5000 and £10,000 respectively. Conversely, when an account balance falls below these levels the rates payable will be reduced accordingly.

Click here to view the General Terms and Conditions of all the Barnsley Savings Accounts.