|Balance in the account||% Gross(2)||%AERs(1)|
|£1000 – £500,000||1.90||1.90|
The interest rate is fixed. Interest is calculated on a daily basis and paid annually on 31st May each year and upon maturity.
The annual interest will be paid directly into your nominated UK bank account, building society account, or a nominated account with the Society. (Excluding this account)
Please refer to section 7 of the Savings Accounts General Terms and Conditions for further information on how we calculate interest.
Where interest is paid to an external UK bank or building society account, the interest will be available within 3 working days.
Details of our full range of products and current interest rates are available on request at our branches, by telephone 01257 235003 or from our website www.chorleybs.co.uk
This interest rate is fixed until 31.05.2024 meaning we cannot change the interest rate during this fixed term period. After this date your account reverts to the Chorleian Account with a variable rate of interest.
The terms of the Chorleian Account are available in branch or at www.chorleybs.co.uk/savings.
Based on the current rate of interest, if you opened this account on the 1st April 2022 and deposited £1,000 after 26 months on 31.05.2024 you would have £1041.18.
This projection is for illustrative purposes only and does not take into account your individual circumstances. The projection is based on no additional deposits, withdrawals or changes in interest rate within the 26 month period.
To be eligible;
To open an account you can apply in branch, by post or online and let us have;
This product can be opened and managed in branch, by post, and via Chorley Online where you are able to view transactions, check your balance and interest rates and request withdrawals. Please refer to the Society’s Savings Accounts General Terms and Conditions. This is a limited issue and the Society reserves the right to withdraw this product without notice at any time.
No withdrawals or account closures are allowed within the fixed rate term, except in the event of the death of the account holder.
The fixed term will end on the 31st May 2024. The account balance will then be available on the next working day. ‘Working day’ means a day other than a Saturday, Sunday or Bank Holiday.
We will contact you at least 14 days prior to the end of the fixed rate term to advise you of the options available at that time.
If you take no action on maturity the balance will be automatically transferred into an Easy Access Chorleian Account within the Society bearing the account holder’s name. Please refer to the Society’s Savings Accounts General Terms and Conditions for further details.
At that time you may withdraw by cash, cheque or CHAPs* (*subject to a £25 fee). Cheques will be issued within 48 hours of maturity and posted 1st class to the account holder.
Withdrawal conditions apply; please refer to section 9 of the Savings Account General Terms and Conditions for further details. The terms of the Chorleian Account are available in branch or at www.chorleybs.co.uk/savings
Whether you need to pay tax is dependent on your own personal circumstances and may be subject to change in the future. 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
Before applying for any of the above accounts please ensure you read and understand the following:
Please also refer to our Identification Criteria in case we need to request more information from you
If applying by post, please ensure you print and sign before returning your application to the following address:
Savings & Investment Department
Chorley Building Society
The Society will collect your email address as an alternative means of communication if we cannot reach you via telephone. This data will not be used for any other purpose.