A deposit account ("the account") is a stakeholder product if the following conditions are fulfilled -
(a) the minimum amount which an account-holder may deposit on a single occasion is £10, except where the deposit-taker permits a smaller payment;
(b) the deposit-taker permits payment to the account by any of the following means, at the option of the account-holder -
(i) cash;
(ii) cheque;
(iii) [deleted]
(iv) standing order;
(v) direct credit (other than standing order),
excluding payments by credit card or debit card or any combination including a payment by credit card or debit card;
(c) interest accrues on the account on a daily basis at a rate that is not less than the Bank of England base rate minus 1 per cent. per annum ("the interest rate");
(d) when the Bank of England base rate increases, the interest rate must be raised within one month of the date of that increase;
(e) on the instructions of the account holder, any cash and interest held in the account is transferred or p
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