How do I open and manage my account?
To be eligible:
- Be aged 18 or over, and a UK resident.
To open this account you will need to complete a Regular Saver Application Form.
- The minimum initial deposit is £25.00
- The maximum monthly deposit is £300.00
- Initial deposit must be received by the 31.10.2024
- Backdated monthly deposits are not allowed
- Only one Regular Saver and one Seasonal Saver can be held in any 12 month rolling period.
- Accounts to be held in sole name only. Accounts in joint names are not permitted.
This product can be opened and managed in branch and by post and can be opened and viewed via Chorley Online. Please refer to the Society’s Savings Accounts General Terms and Chorley Online Terms and Conditions.
Can I withdraw money from this account?
Partial withdrawals are not permitted, however, you can close your account within the 12 month fixed term period.
The account will mature on the 30th September 2025. The account balance will then be available on the next working day. ‘Working day’ means a day other than a Saturday, Sunday or Bank Holidays.
We will contact you at least 14 days prior to maturity to advise you of the maturity date and provide options available at that time.
You can opt to have your balance plus interest paid to your nominated bank account by BACs, which will be paid at maturity. (Please note BACs can take up to 5 working days).
If you take no action on maturity the balance will be automatically transferred into an easy access Chorleian Account within the Society bearing the account holder’s name. Please refer to the Society’s Savings Accounts General Terms and Conditions for further detail.
Withdrawal conditions apply; please refer to section 9 of the Savings Account Terms and Conditions and section 7 of the Chorley Online Terms and Conditions for further details. The terms of the Chorleian Account are available in branch or at www.chorleybs.co.uk/savings.