Cookies on the Bucks Building Society website

We use cookies to help provide you with the best possible online experience. By using this site, you agree that we may store and access cookies on your device. Click here to find out more.

Company 120 Day Notice

  • A better return for a longer notice period
  • Take money out with 120 days notice by cheque or bank transfer
  • Access by post or in our branch
  • Summary
  • Important InformationInfo
  • How to Apply
  • Account Name

    Company 120 Day Notice
  • What is the interest rate?

    £100 + 0.40% Gross PA/AER
    If the balance falls below £100, a variable rate of 0.10% Gross / AER will be paid.

    Interest is calculated daily and paid annually at 31 December into this account or a nominated account as stated on your application form. You can also choose to have your interest paid monthly into a nominated account.

  • Can Buckinghamshire Building Society change the interest rate?

    Yes, interest rates are variable and we can change them at any time. Any changes will be made in accordance with Section 7 of our General Terms and Conditions which sets out when we can vary the interest rate and how and when we will notify you.

  • What would be the estimated balance after 12 months based on a deposit of £1,000?

    The estimated balance after 12 months based on a deposit of £1,000 would be £1,004.00. This estimation assumes that £1,000 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.

  • How do I open and manage my account?

    • You can open an account with a minimum of £100.
    • You can pay money in while the issue is still open up to a maximum overall balance of £500,000.
    • The account is only available to UK organisations.
    • 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.
    • 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.
  • Can I withdraw money?

    • Yes, you can take your money out by giving us 120 days notice in writing. Immediate withdrawals are permitted subject to 120 days penalty loss of interest.
    • You can withdraw by cheque or bank transfer by writing to us and sending your passbook.
    • Faster payment transfers are limited to £100,000.
    • Cash withdrawals are strictly limited and you cannot take out 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.
  • Additional Information

    • Gross Rate is the contractual rate of interest payable before the deduction of income tax at the rate specified by law. We will pay interest at the gross rate. It is your responsibility to declare any interest you earn to HMRC. The Society also has a legal obligation to supply HMRC with particulars of interest paid.
    • The receipt of interest gross by a company will not prevent that interest from being liable to corporation tax.
    • AER stands for Annual Equivalent Rate and illustrates what the interest rate would be if interest was paid and compounded once each year.
    • We have no current plans to withdraw this product although it can be withdrawn without notice.

You should read this information carefully in conjunction with our General Savings Terms and Conditions to ensure you understand them.

This account is a deposit account. As such depositors are not shareholders and do not have membership rights but will be bound by our 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.

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 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).

Verifying your Identity

In order to help you to keep your money safe from fraud we verify the identity of all signatories on the account. Click here to see the list of required ID documents.