Beverley Building Society

Postal Account

All rates are variable. With effect from 21st November 2016 we are only accepting new Postal Account applications from existing customers that have held an account with us prior to 1st November 2016.

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Summary Box - Key Product Information  
Account Name Postal Account
What is the interest rate?
0.60% Gross* / AER** for balances £1,000+
0.75% Gross* / AER** for balances £75,000+

Balances under £1,000 will attract the lowest rate from the Instant Access Account. 

Interest is calculated daily and added or paid annually on 31st December at close of business.

Can Beverley Building Society change the interest rate?

Yes, all of our rates are variable.

Refer to our Terms and Conditions for full details. 

What would the estimated balance be after 12 months based on a £1,000 deposit?
0.60% Gross* / AER**


This figure is for illustration purposes only and assumes no further deposits, withdrawals or interest rate changes.

0.75% Gross* / AER**


This figure is for illustration purposes only and assumes a single additional deposit of £74,000.00 at account opening, no futher deposits, withdrawals or interest rate changes.


How do I open and manage my account? Available to UK Residents and UK Tax Residents.

Complete the application form, relevant declaration(s) and provide necessary identification then forward together with the initial deposit (payable to the account holder) to the Society's office.

The minimum opening deposit is £1000.

This account can be managed by post. Transactions at the counter are not permitted.

Can I withdraw money? Yes, notice and penalty free withdrawals are permitted and must be made payable to the account holder for a minimum of £500.

You can normally make a withdrawal on demand by cheque or Faster Payment, subject to adequate cleared balance and written instruction signed by the relevant signatory(ies).

Refer to our Terms and Conditions for more information on withdrawals.
Additional Information Monthly interest is available on balances over £5,000 at a reduced rate. Contact the Society for further details.

*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


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