Savings

Effective from 2nd June 2020 the interest rates for the Young Savers, JISA, Cash ISA and Postal accounts will be decreasing. Effective from 17th June 2020 the interest rates for the 30 Day Notice and Monthly Savings accounts will be decreasing For more information please visit the specific account pages. Current Savings Rates from 7th May 2020. All savings accounts are under regular review by the Society to ensure that we remain competitive. Monthly Savings Account update. We can accepts deposits for the Monthly Savings Account by cheque or electronic transfers. We are currently unable to process any cash deposits in branch, if cash is your only available method to pay in your monthly amount, please let us know and we can annotate your account accordingly. We will allow a “catch up” of any missed subscriptions from March 2020 onwards until we are in a position to accept cash deposits again.

 For more information please ring the Savings Team on 01482 881510.

Junior Cash ISA Subscription Limit 2020/21 £9,000**** Gross Rate / AER Find out more ►
£1+ 2.25%
Monthly Savings Account Gross Rate / AER Find out more►
£10+ Excluding 0.60% 2020 conditional bonus 0.65%
  Including  0.60% 2020 conditional bonus** 1.25%**
Young Savers Account *Gross Rate / *AER Find out more►
£1 - £25,000*** 1.50%  
Cash ISA | Subscription Limit 2020/21 £20,000**** Gross Rate / AER Find out more►
£35,000+ 1.05%*
£1+ 0.95%*
Postal Account Gross Rate / AER Find out more►
£75,000+ 1.00%*
£1,000+ 0.85%*
30 Day Notice Account Gross Rate / AER Find out more►
£1,000+ 1.15%*  
Postal Business Account  Gross Rate / AER Find out more►
£1,000+ 0.25%  
Business On Line Account Gross Rate / AER Find out more►
£1,000+ 0.25%  
Instant Access Account
Gross Rate / AER
£1+ 0.25%*  

Gross Rate - the contractual rate of interest to be paid on a savings account without any deduction being made in respect of potential 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 Account includes a 0.60% bonus if all monthly subscriptions are received by December each year and the account remains open at 31 December.

***Young Savers Account Any balance that exceeds £25000 will attract the lowest rate from the Instant Access Account

****Cash ISA/Junior Cash ISA Interest credited or paid annually at close of business on 5 April.

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