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  • Company 30 Day Notice

    • Overview
    • Interest Rates
    • How to Apply
    Full Details
    • Account name
      Company 30 Day Notice
    • What is the interest rate?

      £50,000 plus      0.75% gross pa / AER

      £100 plus           0.60% gross pa / AER

    • Can Buckinghamshire Building Society change the interest rate?
      Yes, interest rates are variable and we can change them at any time. We will inform you before we do this. Section 7 of our General Terms and Conditions has full details.
    • What would be the estimated balance after 12 months based on a £1,000 deposit?
      The estimated balance after 12 months based on an initial deposit of £1,000 would be £1,006.00.
      This estimation assumes that £1,000 is deposited on 1 January with no deposit or withdrawal transactions made and interest subsequently paid gross on 31 December. These figures are for illustrative purposes only.
    • How do I open and manage my account?

      Open an account with a minimum of £100 by cheque in the name of the organisation or by transfer from the organisation's bank account. You can pay money in at any time up to a maximum overall balance of £85,000.

    • Can I withdraw money?
      Yes if you give us 30 days notice in writing you can withdraw by cheque or bank transfer. You can also withdraw money immediately subject to 30 days penalty loss of interest. We do not permit bank transfers to third parties. Cash withdrawals are strictly limited and you cannot take out more than £500 at any one time.
    • Additional information

      Interest can paid gross annually at 31st December into the account or into the organisation's nominated bank account. Monthly interest is also available paid into the nominated bank account.

    Effective: 01 July 2018
    Balance Gross PA/AER Monthly Gross Monthly AER
    £50,000 0.75% 0.75% 0.75%
    £100 0.60% 0.60% 0.60%
    Previous rates effective: 01 December 2017
    Gross PA/AER Monthly Gross
    0.90% 0.90%
    0.90% 0.90%

    To Open an Account

    Download and complete the application form, self certification form and list of directors and shareholders and return them to us by post or to the branch.

    Financial Services Compensation Scheme (FSCS)

    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 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).

    Verifying your Identity

    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.

How much can I save?

  • You will need a minimum amount of £100.00 to open this account.
  • The maximum balance is £85,000.

What do I need to know before opening this account?

  • The account is only available to UK organisations.
  • You can pay money in while the issue is open up to a maximum of £85,000.
  • The opening investment must be by cheque in the organisation's name or by transfer from the organisation's bank account stated on the application form. The account may not be opened with cash.
  • The nominated bank account must be in a UK bank. We do not accept transfers from overseas.
  • The number of free transactions are limited to 10 per month. More than 10 transactions per month may incur a charge. We reserve the right to make a charge for excessive cash paid in.

How can I take my money out?

  • You can take your money out by giving us 30 days notice in writing. Please send us your passbook. You can withdraw by cheque or bank transfer to the organisation's bank account.
  • We do not permit bank transfers to third parties.
  • Immediate withdrawals are permitted subject to 30 days penalty loss of interest.
  • You will need to bring your passbook to us in person or send it to us by post.
  • Cash withdrawals are strictly limited and you cannot withdraw more than £500 at any one time.
  • We do not permit bank transfers to third parties.
  • Cheque withdrawals to third parties may require management approval.

Can I cancel?           

We operate a 14 day cancellation period from the date you open the account. If you change your mind you will receive back your original capital plus any interest accrued.

Tax Residency

We do not open accounts for any individual who has a foreign tax residency, even though they may also hold UK tax resident status.

How will my interest be paid?

The interest rates are variable and we can change them at any time. Interest can be paid annually at 31 December into the account or into your nominated account as stated on your application form. You can also have monthly interest paid into your nominated account.

Gross interest is the rate payable to you. We will not take tax off the interest you earn. It is your responsibility to declare any interest you earn over your personal savings allowance directly to HMRC. The Society has a legal obliation to supply HMRC with particulars of interest paid.

  • Basic rate taxpayers can earn up to £1,000 interest on savings tax free.
  • Higher rate taxpayers can earn up to £500 interest on savings tax free.
  • Additional rate taxpayers will pay tax on all savings interest earned.
  • The receipt of interest gross by a company will not prevent that interest from being liable to corporation tax.

How much can I save?

  • You will need a minimum amount of £100.00 to open this account.
  • The maximum balance is £85,000.

What do I need to know before opening this account?

  • The account is only available to UK organisations.
  • You can pay money in while the issue is open up to a maximum of £85,000.
  • The opening investment must be by cheque in the organisation's name or by transfer from the organisation's bank account stated on the application form. The account may not be opened with cash.
  • The nominated bank account must be in a UK bank. We do not accept transfers from overseas.
  • The number of free transactions are limited to 10 per month. More than 10 transactions per month may incur a charge. We reserve the right to make a charge for excessive cash paid in.

How can I take my money out?

  • You can take your money out by giving us 30 days notice in writing. Please send us your passbook. You can withdraw by cheque or bank transfer to the organisation's bank account.
  • We do not permit bank transfers to third parties.
  • Immediate withdrawals are permitted subject to 30 days penalty loss of interest.
  • You will need to bring your passbook to us in person or send it to us by post.
  • Cash withdrawals are strictly limited and you cannot withdraw more than £500 at any one time.
  • We do not permit bank transfers to third parties.
  • Cheque withdrawals to third parties may require management approval.

Can I cancel?           

We operate a 14 day cancellation period from the date you open the account. If you change your mind you will receive back your original capital plus any interest accrued.

Tax Residency

We do not open accounts for any individual who has a foreign tax residency, even though they may also hold UK tax resident status.

How will my interest be paid?

The interest rates are variable and we can change them at any time. Interest can be paid annually at 31 December into the account or into your nominated account as stated on your application form. You can also have monthly interest paid into your nominated account.

Gross interest is the rate payable to you. We will not take tax off the interest you earn. It is your responsibility to declare any interest you earn over your personal savings allowance directly to HMRC. The Society has a legal obliation to supply HMRC with particulars of interest paid.

  • Basic rate taxpayers can earn up to £1,000 interest on savings tax free.
  • Higher rate taxpayers can earn up to £500 interest on savings tax free.
  • Additional rate taxpayers will pay tax on all savings interest earned.
  • The receipt of interest gross by a company will not prevent that interest from being liable to corporation tax.

Further Information

To Open an Account

Download and complete the application form, self certification form and list of directors and shareholders and return them to us by post or to the branch.

Financial Services Compensation Scheme (FSCS)

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 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).

Verifying your Identity

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.