30 Day Notice Account

This product can be opened or managed in branch, by post, and via Chorley Online. Please refer to the Society’s Savings Accounts General Terms and Conditions and Chorley Online Terms and Conditions.

Eligibility Criteria

• Available to eligible UK residents aged 18 years old or above.  
• The account can be held on your own or jointly with someone else.
• Only one 30 Day Notice Account is permitted per customer.
• The maximum balance is £500,000 and the overall maximum holding by any one person in respect of all savings accounts with the Society is £500,000.
• Transfers in from other Chorley Building Society Accounts are permitted. Transfers in from Notice Accounts conditions apply.
• The maximum balance is £500,000 and the overall maximum holding by any one person in respect of all savings accounts with the Society is £500,000.
• Transfers in from other Chorley Building Society Accounts are permitted. Transfers in from Notice Accounts conditions apply.

To open an account you will need to apply in branch, by post or online and let us have;

• a fully completed Share Application Form;
• at least the minimum deposit of £1;
• proof of your identity and address; and 
• funds within 15 calendar days for accounts opened via Chorley Online. If no funds are received the account will be closed.

This is a limited issue and the Society reserves the right to withdraw this product without notice at any time.
 

All withdrawal or closure requests are subject to 30 days notification being received by the Society.

Please read the following conditions regarding withdrawals and closures:

Giving notice

• You can give notice by telephone, post in branch or through Chorley Online.
• Online requests can only be paid to your nominated bank account or to another of your Chorley accounts held in your sole or joint names
• Your request must state the amount you wish to withdraw.

During the notice Period

• Your request must state the amount you wish to withdraw.
• The notice period is 30 days.
• Only one notice request can be active at any time.
• Notice periods cannot be carried forward.

When your notice expires

• Once your notice period ends, you have 7 calendar days to withdraw your money.
• If your request is by branch or post, you can withdraw all or part of the amount requested, up to the amount specified in your instruction. However, online request amounts can’t be changed. 
• If you do not withdraw your funds within the 7 days, you will need to submit a new notice request.

Transfers to another account

• If you transfer your money to another Chorley account with a longer notice period, no notice is required and no penalty applies.
• If the transfer is to another Chorley account with a shorter notice period, you must give 30 days’ notice.

How your money will be paid

• Branch and postal requests can be paid to another Chorley account, by cheque or by chaps * (*subject to a £25 fee).
• Cheques requested by post will normally be issued within two working days of the notice period ending and sent by first class post.
• Online withdrawal and closure requests will normally be processed on the first working day after the notice period expires. 

Other conditions

• A penalty cannot be paid instead of providing the notice. 

For full details please see section 9 of the savings account general terms and conditions and Section 8 of the Chorley online terms and conditions.

Whether you need to pay tax is dependent on your own personal circumstances and may be subject to change in the future. Interest is paid gross on all our savings accounts – except ISAs where it is paid tax-free. For more information on Tax Allowances please call HMRC on 0300 200 3300 or visit https://www.gov.uk/apply-tax-free-interest-on-savings 

Changing your mind

Once you have opened an account, you have 14 days to let us know that you have changed your mind. The 14 days will start after the account is opened or, if later, after you first receive (on paper or electronically) a copy of Chorley Building Society's Savings Accounts General Terms & Conditions and the Product Specific Features. If you let us know within this time that you no longer want the account, we will give you your money back (together with any interest it has earned) or help you switch to another one of our accounts which you are eligible for (if we have received cleared money). Should you change your mind about this account please send written notification of your cancellation to us at Head Office, Key House, Foxhole Road, Chorley, PR7 1NZ.

What to do if you’re not satisfied

If you are not satisfied with our services we operate an internal complaints procedure. A copy of this procedure is available online at www.chorleybs.co.uk or you can ask in any of our branches for details of this procedure. If you are not satisfied with our final response, you may be eligible to take your complaint to the Financial Ombudsman Service (FOS).