Easy Access Saver Issue 4

Summary Box

Minimum balance in the account % Gross(2) %AERs(1)
£500 0.70% 0.70%
If thirteen or more withdrawals are made within the account year* 0.10% 0.10%

Interest is calculated on a daily basis and paid annually on 31st December. Please refer to section 7 of the Savings Account General Terms and Conditions for further information on this.

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 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 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, and without incurring any penalty.

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 of 0.70%, if you deposited £1000 in this account, after 12 months you would have £1007.00.

This figure is for illustration purposes and is based on no additional deposits, withdrawals or changes in interest rate within the 12 month period.

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;

  • a fully completed Share Application Form ;
  • at least the minimum deposit of £500; and
  • proof of your identity and address

The maximum deposit and total account balance is £500,000

Transfer of funds from existing Chorley Building Society accounts are not permitted.

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 Please note, if this product is withdrawn  by the Society you will not be allowed to deposit any further amounts into this account.

The Society’s products can be opened and managed in branch or by post, please refer to the Society’s Savings Accounts General Terms and  Conditions.

  • Twelve 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 0.10% 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. Withdrawal conditions apply; please refer to section 9 of the Savings Account General 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.
  • 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

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 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
Key House
Foxhole Road
Chorley
Lancashire
PR7 1NZ

Got an Enquiry? 01257 235003
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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.