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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.
This account has a variable rate of interest and is subject to changes; this means we may increase or decrease interest rates at any time; if we reduce the interest rate we will give you 14 days notification prior to the change and you will have a 30 day option from the notification during which you can close or transfer your account without giving any period of notice, or loss of interest up to the date of closure, or incurring any penalty.
For further information on interest rate adjustments, please refer to the Society’s full terms & conditions.
Based on the current rate of interest, if you deposited £1,000 in this account, after 12 months you would have £1013.00.
This figure is for illustration purposes and is based on no additional deposits, withdrawals or changes in interest rate.
Available to eligible UK residents only aged 18 years old and above.
One account per customer.
To open an account you will need to apply in branch or by post and let us have;
The maximum deposit and total account balance is £500,000
Transfer of funds from existing Chorley Building Society accounts are not permitted.
The Society’s products can be opened and managed in branch or by post, please refer to the Society’s Savings Accounts Terms and Conditions.
This is a limited issue and the Society reserves the right to withdraw this product without notice at any time.
Please note, if this product is withdrawn by the Society you will not be allowed to deposit any further amounts into this account.
Whether you need to pay tax is dependent on your own personal circumstances and may be subject to change in the future. For more information on Tax Allowances please call HMRC on 0300 200 3312 or visit https://www.gov.uk/government/publications/personal-savings-allowance-factsheet/personal-savings-allowance
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 .
Before applying for any of the above accounts please ensure you read and understand the following:
All applicants must sign and return the application form.
Please also refer to our Identification Criteria in case we need to request more information from you
Please return 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.