Branch Saver 95 (Issue 12)

Branch Saver 95 (Issue 12)

Rates effective from 11 April 2022

Interest earned daily and paid annually on 31 March.

The interest rate is variable so we can increase or decrease the rate at any time subject to 95 days’ notice.
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 saved £1,000, the estimated balance after 12 months would be £1,007.50.
This example assumes that the account is opened with the amount stated on 01 April, no withdrawals or further deposits are made throughout the 12 months, the interest earned is added to the account annually, and no changes are made to the current interest rate. 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.
Joint accounts are allowed.
The minimum balance to open the account is £1,000. 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.
Additional deposits can be made at any time up to the maximum allowed. Payments into the account can be made in cash, by cheque or debit card (up to £1,000). You can also pay in by 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.

You can withdraw from your account by giving 95 days’ notice in branch. Limits apply on cash withdrawals.
It is not possible to withdraw funds without giving 95 days’ notice.

*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.