Available to UK based Professional Firms’ own funds, the account pays attractive interest rates on a tiered basis.
OPERATING THE ACCOUNT
The minimum opening and operating balance is £1. The maximum investment is £2 million.
Download an application form, signatory form and a list of partners.
The opening investment should be by cheque or transfer from the firm ’s nominated bank account.
Additional investments can be made by cheque or via BACS or CHAPS transfer.
Withdrawals can be made instantly in person at our branch, by post,
by fax (if withdrawal request is faxed, then it must be on the firm’s
headed paper and confirmation sent by post) and by BACS or CHAPS transfer.
Instructions for electronic transfers received before 12.00 pm will
be processed the same day. Instructions received after this time will
be processed the following working day. Please be aware that a fee
of £25 is applied to each CHAPS withdrawal, which is payable
on a quarterly basis billed to the firm. For
security reasons we cannot accept instructions by telephone.
The account can be closed at any time if you make your request in writing.
INTEREST RATES
Click here for interest rates.
Interest is paid annually at 31st December.
Interest is calculated on a daily basis from the date we receive your investment (by cheque the following day) up to the day before the date of withdrawal.
The interest rates are variable and we may change them at any time.
IDENTIFICATION
See the application form for identification requirements. We will check the firm’s status with the Law Society.
IMPORTANT INFORMATION
As this is a deposit account, you will not become a Member but you will be bound by the Society’s Rules, a copy of which is available on request.
Cheques should be made payable to Buckinghamshire Building Society re: [name of firm].
This account is subject to the Conditions on this page and the Society’s General Terms and Conditions.
The Society operates a 14 day cooling off period, so if you change your mind about opening this account you will receive all your original capital plus any interest accrued.
The Society reserves the right to suspend or amend an account at any time without notice and potential investors should check that the required issue is still available.
We have our own internal procedure for dealing with complaints and a copy of our leaflet is available on request. See the Essential Information page for details.
Statements are provided annually at 31st December.
If any of your details change, for example you wish to add or remove a signatory or your firm moves, you must notify us in writing.
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