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35 Day Notice Base Rate Tracker

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To Open an Account

Download and complete the application form and return it 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.

  • 35 Day Notice Base Rate Tracker

    • Overview
    • Interest Rates
    • How to Apply
    Full Details
    • Account name
      35 Day Notice Base Rate Tracker
    • What is the interest rate?

      1.05% Annual Gross/AER

    • 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 £1,000 deposit?

      The estimated balance after 12 months based on an initial deposit of £1000 would be £1010.50. This estimation assumes that £1000 is deposited on 1 January with no deposits 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 the individual circumstances.
    • How do I open and manage my account?
      Open an account with a minimum of £100 in person or by post. Accounts can be opened in single or joint names. Transactions can be made at our branch or by post. You can pay money in at any time up to a maximum overall balance of £500,000.
    • Can I withdraw money?
      Yes you can make withdrawals at any time by cash, cheque or bank transfer to your nominated bank by writing to us and giving us 35 days notice and sending us your passbook. Immediate access is permitted subject to 35 days penalty loss of interest.  Cash withdrawals are subject to a daily limit of £500 and £3,000 on 3 days notice. Faster payment transfers are limited to £100,000 and must be into a nominated account.
    • Additional information
      Interest is paid gross and you can choose to receive it annually at 31st December or monthly. Monthly interest must be paid to another account.
    Effective: 10 July 2019
    Balance Gross PA/AER
    £100 1.05%
    Previous rates effective: -
    Gross PA/AER
    -
    The rate tracks the Bank of England base rate, currently 0.75% at 0.3% above this rate. Any Bank of England changes will be effective on the 1st day of the following month.

    To Open an Account

    Download and complete the application form and return it 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.

* AER stands for Annual Equivalent Rate and illustrates what the interest rate would be if interest was paid and added each year, and has been rounded to 2 decimal places. 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.

How much can I save?        

You must open this account with a minimum amount of £100.00. You can invest additional funds at any time up to a maximum of £500,000

What do I need to know before opening this account?

  • If the balance falls below £100 a variable rate of 0.10% Gross /AER will be paid.
  • The rate tracks the Bank of England base rate, currently 0.75% at 0.3% above this rate. Any Bank of England changes will be effective on the 1st day of the following month.
  • This account can be opened in single or joint names and can only be held by UK residents.
  • This account may not be operated by an adult on behalf of a child.  A child over the age of 7 may open and operate the account themselves.
  • The interest rates are tiered, so you earn a higher rate of interest the more you save.
  • Accounts may not be operated by a third party unless Power of Attorney is in place.

How can I take my money out?        

  • To make a withdrawal, we require 35 days’ notice in writing together with your passbook. Alternatively, you can bring in your passbook and written instruction to our branch.
  • Immediate access is permitted, but is subject to 35 days penalty loss of interest.
  • If you have signed up for our online messaging service, you can give notice through this, but you will still need to send in your passbook and signed instruction by post.
  • If you wish to use Faster Payment transfers please state this on your request as these are limited to £100,000.
  • Cash withdrawals are subject to a daily branch cash limit of £500.
  • The maximum cash withdrawal is £3,000 for which we require a minimum of 3 days notice.

Can I cancel?    

We operate a 14 day cancellation period from the date the account is opened. If you change your mind about opening this account you can 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 this or into another account, or paid monthly into another account as stated on your application form.

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.

  • 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.

* AER stands for Annual Equivalent Rate and illustrates what the interest rate would be if interest was paid and added each year, and has been rounded to 2 decimal places. 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.

How much can I save?        

You must open this account with a minimum amount of £100.00. You can invest additional funds at any time up to a maximum of £500,000

What do I need to know before opening this account?

  • If the balance falls below £100 a variable rate of 0.10% Gross /AER will be paid.
  • The rate tracks the Bank of England base rate, currently 0.75% at 0.3% above this rate. Any Bank of England changes will be effective on the 1st day of the following month.
  • This account can be opened in single or joint names and can only be held by UK residents.
  • This account may not be operated by an adult on behalf of a child.  A child over the age of 7 may open and operate the account themselves.
  • The interest rates are tiered, so you earn a higher rate of interest the more you save.
  • Accounts may not be operated by a third party unless Power of Attorney is in place.

How can I take my money out?        

  • To make a withdrawal, we require 35 days’ notice in writing together with your passbook. Alternatively, you can bring in your passbook and written instruction to our branch.
  • Immediate access is permitted, but is subject to 35 days penalty loss of interest.
  • If you have signed up for our online messaging service, you can give notice through this, but you will still need to send in your passbook and signed instruction by post.
  • If you wish to use Faster Payment transfers please state this on your request as these are limited to £100,000.
  • Cash withdrawals are subject to a daily branch cash limit of £500.
  • The maximum cash withdrawal is £3,000 for which we require a minimum of 3 days notice.

Can I cancel?    

We operate a 14 day cancellation period from the date the account is opened. If you change your mind about opening this account you can 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 this or into another account, or paid monthly into another account as stated on your application form.

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.

  • 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.