|Balance in the account||% Gross(2)||%AERs(1)|
|£500+||3.55% (variable)||3.55% (variable)|
|If seven or more withdrawals are made within the account year*||2.50% (variable)||2.50% (variable)|
Interest is calculated on a daily basis and paid annually on 31st December. 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/savings
Interest Rate Definitions
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 your estimated balance would be £1,035.50.
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.
Available to eligible UK residents aged 18 years old and above only. The account can be held on your own or jointly with someone else.
Only one Easy Access Saver (6 Withdrawals) is permitted per customer. Other Easy Access Accounts can be held alongside this account.
To open an account you will need to apply in branch, post or online and let us have;
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.
This is a limited issue and the Society reserves the right to withdraw this product without notice at any time.
This product can be opened and 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.
Six withdrawals each account year are permitted without penalty (*The account year runs from 1st January to 31st December).
Additional withdrawals will result in a lower rate of interest equivalent to the Chorleian Instant Access Account rate (currently 2.50% Gross p.a./AER) being paid for the rest of the account year. At the start of the new account year the account will revert back to the Easy Access Saver interest rate available at that time.
Withdrawals by cash, cheque or CHAPs* (*subject to a £25 fee) can be made. You can also request an online payment from this account, to a nominated bank account or to any of your Chorley accounts, providing these are in your own or joint names. Withdrawal conditions apply; please refer to section 9 of the Savings Account General Terms and Conditions and section 7 of the Chorley Online Terms and Conditions for further details.
The minimum account balance to be maintained is £500. Should the balance reduce below £500 the account will be closed.
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 our savings 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.