Interest is calculated daily and paid annually at 31 December and on the maturity date, 28 February 2025, into this account or a nominated account as stated on your application form.
No, interest is fixed for the term of the account.
The estimated balance after 12 months based on an initial deposit of £1000 would be £1,017.00
This estimation assumes that £1000 is deposited on 1 January with no deposit or withdrawal transactions made and interest subsequently paid gross at 31 December.
This projection is provided for illustrative purposes only and does not take into account your individual circumstances.
You can only withdraw your savings on the maturity date.
Upon opening one of these accounts you will automatically become a member and be bound by the Society’s Rules, a copy of which is available on request.
The Society operates a 14 day cancellation period, so if you change your mind about opening an account you will receive back all your original capital plus any interest accrued.
Accounts cannot be operated by a third party unless a Power of Attorney is in place.
Forms to download
Download and complete the application form and return it to us by post or to the branch.
If you are transferring from another provider, please also complete the ISA transfer form.
You must read the Information Sheet which gives all the details of the FSCS and how you are covered.
The FSCS is the UK's statutory fund of last resort for customers of financial services firms. This means that the FSCS can pay compensation to consumers if a financial services firm is unable, or likely to be unable, to pay claims against it. The FSCS is an independent body, set up under the Financial Services & Markets Act 2000 (FSMA).
In order to help you to keep your money safe from fraud we verify the identity of all customers opening a new savings account with the Society. Click here to see the list of required ID documents.
For important information, including Savers General Terms and Conditions and identification, please click below for full details.
We’ve tried to provide all the information you need, but sometimes it helps to ask in person and we’re here to help…