|Balance in the account||% Gross(2)||%AERs(1)|
|£1 – £500,000||0.55%||0.55%|
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 £1005.50
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 the interest rate within the 12 month period.
The account can be held on your own or jointly with someone else. Available to eligible UK residents over the age of 18 only.
Only one 30 Day Notice Account Issue 3 is permitted per customer.
To open an account you will need to apply in branch, by post or online and let us have;
The Society expects funds to be received within 14 days of account opening (when the account is opened online).
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.
Transfer of funds from Easy Access Saver accounts are permitted.
You will not incur a penalty if you transfer from any of the above accounts.
Transfer of funds from any account not stated above, are not allowed.
This is a limited issue and the Society reserves the right to withdraw this product without notice at any time. If this product is withdrawn no further deposits will be allowed into this account.
This product can be opened and managed in branch, by post, and online at www.chorley.co.uk. You can also register for Chorley Online where you are able to view transactions, check your balance and interest rates. 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 30 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
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.