Branch Regular Saver (Issue 67)

Branch Regular Saver (Issue 67)

Rates effective from 1 August 2022

Interest is variable, calculated on a daily basis and paid on maturity or on closure.

The interest rate is variable so we can increase or decrease the rate at any time.
If the interest rate on your account falls, and the balance in your account is £100 or more, we will personally notify you of the change.
All our interest rates are available in our branches and on our website.
For more details about why we may change the rate, and when we’ll let you know about a change, please refer to our General Retail Savings Account Terms and Conditions.

If you invested £250 on the first of each month for 12 months, the estimated balance after 12 months would be £3,032.48.
This example assumes an investment of £250 is made on the first of each month for 12 months, and there are no changes to the interest rate paid on the account over the 12 months. It is provided for illustrative purposes only and does not take into account your individual circumstances.

This account is available to UK residents and can be opened and operated at a branch.
A member is not eligible to hold more than one Regular Saver account with the Society at the same time.
The minimum balance to open the account is £100. The maximum investment per account is £250 per month. Additional deposits can be made at any time up to the maximum allowed per month.
The overall maximum holding by any one person in respect of all savings accounts with the Society is £250,000. This includes money held in a joint account.
Payments into the account can be in cash (branch only), by cheque, debit card (up to £1,000), electronic payment (but not direct debit) or standing order.
We accept savings applications from existing members across the UK and new members in the following postcode areas: BB, BD, BL, CA, CH, CW, FY, LA, M, OL, PR, SK, WA, WN.

Partial withdrawals are not permitted prior to maturity on 31 July 2023.
The account can be closed prior to maturity by cheque, cash or internal transfer.

*Interest will be paid gross. This means all the interest we pay you will be without tax deducted. If the total amount of interest you receive exceeds any Personal Savings Allowance to which you’re entitled, you may have to pay tax at the applicable rate. This would need to be paid directly to HM Revenue & Customs. For more information, please visit gov.uk and search for ‘Personal Savings Allowance’.
†AER stands for the Annual Equivalent Rate and shows you what the interest rate would be if interest was paid and added each year.