|Minimum Balance in the account||% Tax free(2)||%AER(1)|
Interest is calculated on a daily basis and paid into this account on 5th April each year. The annual interest will be paid directly into this account with the Society.
Please refer to section 7 of the Savings Account General Terms and Conditions for details of how your interest is calculated.
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 this.
Based on the current rate of interest, if you deposited £1,000 on opening of this account, after 12 months you would have £1005.00.
This figure is for illustration purposes and is based on no additional deposits, withdrawals or changes in interest rate over a 12 month period.
You may withdraw by cash, cheque or CHAPs* (*subject to a £25 fee) and transfers out to other ISA providers can be made, subject to 60 days loss of interest on the amount withdrawn unless 60 days’ written notification has been received by the Society.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 receipt and posted 1st class to the account holder. Withdrawal conditions apply; please refer to section 9 of the Savings Account Terms and Conditions for further details.
Our Cash ISA is not a ‘Flexible ISA’. This means that all your deposits within the tax year count towards your ISA allowance, regardless of whether or not you make any withdrawals.
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
For all ISA transfer requests into Chorley Building Society please also complete an ISA transfer form
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.