120 Day Notice Account

Summary Box

Minimum balance in the account % Gross(2) %AERs(1)
£1 1.05% 1.05%

The interest rate is variable. Interest is calculated on a daily basis and paid annually on 30th June. The annual interest will be paid directly into this account with the Society.

Please refer to section 7 of the Savings Accounts General Terms and Conditions for further information on how we calculate interest.

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 account has a variable rate of interest and is subject to change; this means we may increase or decrease interest rates at any time. ; if we reduce the interest rate and you have at least £100 in your account, we will give you 14 days notification prior to the change and you will have a period of 30 days from the date of the notification to switch or close your account. Please refer to section 7 of the Savings Accounts General Terms and Conditions for further information on how and why we may change the interest rate.

Based on the current rate of interest, if you deposited £1,000 in this account, after 12 months you would have £1010.50.

This projection is for illustration 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 12 month period.

Available to eligible UK residents only aged 18 years old and above. Only one 120 Day Notice Account is permitted per customer.

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

  • a fully completed Share Application Form ;
  • at least the minimum deposit of £1; and
  • proof of your identity and address

This is a limited issue and the Society reserves the right to withdraw this product without notice at any time. Transfer of funds from existing Chorley Building Society accounts are not permitted.

If this product is withdrawn no further deposits will be allowed into this account.

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.

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.

  • You may withdraw by cash, cheque or CHAPs* (*subject to a £25 fee) subject to 120 days written notification being received by the Society. Notifications by email cannot be accepted
  • Cheques requested by post for withdrawals or closures will be issued within 48 hours of the notice period end and will be 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.

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

Before applying for any of the above accounts please ensure you read 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
Key House
Foxhole Road
Chorley
Lancashire
PR7 1NZ

Got an Enquiry? 01257 235003
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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.