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Regular Saver

  • Save up to £500 every month
  • Take your money out whenever you need to
  • No penalties for multiple withdrawals or missed payments
  • Summary
  • Important InformationInfo
  • How to Apply
  • Account Name

    Regular Saver
  • What is the interest rate?

    £10 + 0.75% Gross PA/AER

    If the balance falls below £10, a variable rate of 0.10% Gross / AER will be paid.

    Interest is calculated daily and paid annually at 31 December into this 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 monthly investment of £100?

    The estimated balance after 12 months based on a regular monthly deposit of £100 would be £1,204.90. This estimation assumes that £100 is deposited on 1 January and every month for the rest of the year with no 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 must be resident in the UK.
    • You can open an account with an initial deposit of between £10 to £500.
    • The account can be opened in person or by post, in single names only.
    • You can make a deposit by visiting the branch, send a cheque made payable to the account holder or make a bank transfer. You can make one payment per month between £10 and £500.
    • We do allow a child over the age of 7 to open an account provided they do so in their own name.
    • Only 1 Regular Saver account per person is allowed.
    • We do not open accounts for any individual who has a foreign tax residency, even though they may also hold UK tax resident status.
    • On opening this account we will send you a standing order form for you to make your monthly payments directly from your bank account. Please arrange for this to arrive between 1st and 26th of each month.
    • You can save up to a maximum of £85,000.
  • Can I withdraw money?

    • Yes you can take your money out at any time. You can withdraw in cash at our branch, or by cheque or bank transfer by writing to us and sending us your passbook.
    • Cash withdrawals are subject to a daily limit of £500 and £3,000 on 3 days notice.
  • Additional Information

    • Gross Rate is the contractual rate of interest payable before the deduction of income tax at the rate specified by 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.
    • 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 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.

Upon opening this account 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.

If you require a third party to operate this account on your behalf, a Power of Attorney should be in place.

Open an Account

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

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 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 customers opening a new savings account with the Society. Click here to see the list of required ID documents.