|Balance in the account||% Gross(2)||%AERs(1)|
Interest is calculated on a daily basis and paid on 31st May each year.
Please refer to section 13 of the Savings Account Terms and Conditions for details of how your interest is calculated.
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 30 day option from the notification to switch your account.
Please refer to section 13 of the Savings Account Terms and Conditions for details for further information on this.
Based on the current rate of interest, if you deposited £150.00 per month in this account, after 12 months you would have £1,822.03.
This figure is for illustration purposes and is based on no withdrawals or changes in interest rate within the 12 month period.
This is an easy access account and you may withdraw by cash, cheque or CHAPs* (*subject to a £25 fee). Withdrawal conditions apply; please refer to section 16 of the Savings Account Terms and Conditions for further details.
Maturity; The account will mature on the Young Savers 16th Birthday (or the next working day if this falls on a Saturday, Sunday or Bank Holiday) If you take no action on maturity the balance will be automatically transferred into an easy access Young Chorleian Account within the Society bearing the account holder’s name. We will contact you at least 14 days prior to maturity to advise you of the maturity date.
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.