Interest is calculated on a daily basis and paid annually on 31^st 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

1. AER stands for Annual Equivalent Rate and illustrates what the interest rate would be if interest was paid and added to the account once each year
2. Gross – The gross rate of interest is the interest rate payable before any income tax is deducted (if you do pay tax).

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;

• a fully completed Share Application Form;
• at least the minimum deposit of £500 and
• proof of your identity and address
• funds within 15 calendar days for accounts opened via Chorley Online. If no funds are received the account will be closed.

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.

• This account permits 6 withdrawals per year, without loss of interest or a penalty.
• Interest is paid annually on the 31^st of December. The annual interest can be withdrawn, and this does not count as one of the 6 withdrawals.
• 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). This interest rate will apply for the remainder of the account year. At the start of the new account year the account will revert to the Easy Access Saver (6 Withdrawals) interest rate available at that time.
• Withdrawals can be made by cash, cheque or CHAPs* (*subject to a £25 fee). You can also request an online payment to a nominated bank account or to any of your Chorley accounts, providing these are in your own or joint names. Cheques requested by post or online 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 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:

• The summary box of the account you are applying for (featured above) or download the pdf here
• Savings Accounts Terms and Conditions
• Tariff of Fees and Charges
• FSCS Information Sheet and Exclusions List

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