Magnr Savings - Terms and Conditions

1.    Conditions

1.1.  These Account Specific Terms and Conditions apply to the Magnr Savings Account. They are additional to and should be read together with the General Terms and Conditions for Magnr trading accounts and savings accounts. If there is any inconsistency between them, these Account Specific Terms and Conditions override the Magnr General Terms and Conditions to the extent of the inconsistency.

1.2.  “Account”, when used in these Savings Account Terms and Conditions, means the Savings Account.

1.3.  You may only have one Account.

1.4.  The Account can be opened with any minimum amount.

2.    Interest

2.1.  Balance thresholds up to which interest is payable are set out in the Rates and Charges Information. No interest is payable on balances that exceed the stated amount.

2.2.  If during any calendar month, you make a withdrawal from your Account, interest will not be payable on the amount withdrawn.

2.3.  Interest will be applied to your Account and compounded on a monthly basis, in arrears, on the last Day of each calendar month. You cannot request that interest is applied to your Account and compounded on a different date.

2.4.  Details of any promotional bonus rate(s) of interest (if applicable) and our standard rate(s) of interest can be found in our Rates and Charges Information.

3.    Withdrawals/Transfers

3.1.  You may withdraw up to 10 BTC per day without notice if the amount you wish to withdraw is within your Available Balance. Larger withdrawals may require additional security details in accordance to the General Terms and Conditions for Magnr accounts and savings.


Last updated: October 2016


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