Current Savings Rates from 15 August 2016 (all rates are variable). Please contact the Savings Team for further information. With effect from 4th July 2016 we are no longer accepting new Cash ISA applications or Cash ISA transfers in from other providers as this account is now oversubscribed. With effect from 1st September 2016 the Society's Junior Cash ISA, Monthly Savings Account, Young Savers Account, Postal Account rates will be changed. With effect from 16th September 2016 the Society's 30 Day Notice Account rate will be changed. For more information please ring the Savings Team on 01482 881510.
We offer a range of straightforward savings products to suit your needs
|Junior Cash ISA Subscription Limit 2016/2017 £4,080||*Gross Rate / *AER|
|Monthly Savings Account||*Gross Rate / *AER|
|£10+||Excluding 0.80% bonus||0.60%|
|Including 0.80% bonus**||1.40%**|
|Young Savers Account||*Gross Rate / *AER|
|£1 - £25,000***||1.50%|
|Cash ISA Monthly Interest Available | Subscription Limit 2016/2017 £15,240****||*Gross Rate / *AER|
|Postal Account Monthly Interest Available||*Gross Rate / *AER|
|30 Day Notice Account Monthly Interest Available||*Gross Rate / *AER|
|Postal Business Account | Business On Line Account||*Gross Rate / *AER|
|Instant Access Account Monthly Interest Availible||*Gross Rate / *AER|
Interest credited or paid annually at close of business on 31 December for all accounts other than Cash ISA and Junior Cash ISA.
Rates of interest for closed issues, deposits and monthly income schemes are available on request.
From 6 April 2016, interest is paid gross on all accounts. A Tax Free Personal Savings Allowance applies to all savings income paid
From 6 April 2016, you will need to make arrangements to pay any tax you may owe directly to HM Revenue and Customs
For more information, please click here
*Gross Rate - the contractual rate of interest to be paid on a savings account without any deduction being made in respect of personal Income Tax liability.
*AER – stands for Annual Equivalent Rate and illustrates what the interest rate would be if interest was paid and compounded once each year.
The tax treatment or the rate of interest payable depends on individual circumstances and may be subject to change in the future.
*Monthly Interest is available on balances over £5000 on certain accounts as indicated above at a reduced rate
** Monthly Savings Account Monthly Savings Plan includes a 0.80% bonus if all monthly subscriptions are received during the year
***Young Savers Account Any balance that exceeds £25000 will attract the lowest rate from the Instant Access Account
****Cash ISA From 6 April 2015, spouses and civil partners of ISA holders who have died since 3 December 2014 are able to inherit an additional ISA allowance. Click here for more details. Interest credited or paid annually at close of business on 5 April.