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Regular Saver

Back

To Open an Account

Download and complete the application and return it to us by post or to the branch.

Regular Saver Application form

Financial Services Compensation Scheme

Identification Requirements

  • Regular Saver

    • Overview
    • Interest Rates
    • How to Apply
    Full Details
    • Account name

      Regular Saver

    • What is the interest rate?

      £10 plus       1.75% 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 further details.

    • What would be the estimated balance after 12 months based on a monthly investment of £100

      The estimated balance after 12 months based on a monthly deposit of £100 would be £1,211.44.

      This estimation assumes that £100 is deposited on 1 January and the first of each subsequent month of the year with no 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 £10 and a maximum of £500. The opening amount will be the amount you wish to save every month. Accounts must be in single names only. Only one account per person is permitted. You can pay your monthly subscription by cash, cheque or standing order.

    • Can I withdraw money?

      Yes, you can withdraw money immediately by cash, cheque or bank transfer.

    • Additional information

      You may change your monthly payment amount but please give us advance notice in writing. Interest is paid gross annually at 31 December.

    Effective: 01 July 2018
    Balance Gross PA/AER
    £10 1.75%
    Previous rates effective: 01 December 2017
    Gross PA/AER
    1.50%

    This account includes other accounts known as Simple Regular Saver.

    Financial Services Compensation Scheme

    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.

    To Open an Account

    Download and complete the application and return it to us by post or to the branch.

    Regular Saver Application form

    Financial Services Compensation Scheme

    Identification Requirements

* 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 will need a minimum amount of £10 to open this account.
  • As this is a regular saver you must pay in each month 
  • You can save between £10 and £500 each month.

What do I need to know before opening this account?

Your first payment may be made by cash or cheque. You can then set up a standing order with your bank for the ongoing monthly payment. Please set up your standing order to be paid between 1st and 26th of each month. Alternatively you can pay in by cash or cheque each month.

  • Only one Regular Saver account (any issue) per person is permitted.
  • This account can only be opened in a single name 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
  • Accounts may not be operated by a third party unless a Power of Attorney is in place.

How can I take my money out?

You can take out your money at any time by cheque, by cash or bank transfer. In order to withdraw your money you will need to bring in or post your passbook to us. Cash withdrawals are subject to a daily limit of £500.  Cash withdrawals above this amount require 3 days notice up to a maximum of £3,000.

If you wish to use Faster Payment transfers please state this on your request.

Can I cancel?

We operate a 14 day cancellation period from the date you open the account. If you change your mind 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 will be paid annually at 31 December into the 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.

  • 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.

 



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* 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 will need a minimum amount of £10 to open this account.
  • As this is a regular saver you must pay in each month 
  • You can save between £10 and £500 each month.

What do I need to know before opening this account?

Your first payment may be made by cash or cheque. You can then set up a standing order with your bank for the ongoing monthly payment. Please set up your standing order to be paid between 1st and 26th of each month. Alternatively you can pay in by cash or cheque each month.

  • Only one Regular Saver account (any issue) per person is permitted.
  • This account can only be opened in a single name 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
  • Accounts may not be operated by a third party unless a Power of Attorney is in place.

How can I take my money out?

You can take out your money at any time by cheque, by cash or bank transfer. In order to withdraw your money you will need to bring in or post your passbook to us. Cash withdrawals are subject to a daily limit of £500.  Cash withdrawals above this amount require 3 days notice up to a maximum of £3,000.

If you wish to use Faster Payment transfers please state this on your request.

Can I cancel?

We operate a 14 day cancellation period from the date you open the account. If you change your mind 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 will be paid annually at 31 December into the 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.

  • 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.

 



Further Information

Financial Services Compensation Scheme

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.