As a traditional building society, savers are our bedrock and we use the money you deposit with us to provide people with mortgages to buy homes. It’s as simple as that.
We believe in providing you with fair interest rates for your savings with us. We don’t lure you with headline-grabbing offers which are here today and gone tomorrow – we strive to offer long-term good value, backed by outstanding personal service.
We never offer better rates to new customers than we do to our existing, loyal savers.
We employ people who like dealing with people and that’s why our team are on first-name terms with many of our customers.
If you want to know about our products and services, we’ll wait for you to ask.
We know many customers still want to call up and speak to a member of the Beverley Building Society team, or pop into branch, which is why we don’t rely on faceless call centres or automated systems.
Whether you want to save regularly for a specific reason, set a lump sum aside or earn something back on your business savings, we can provide you with an account to suit.
This could help you save up regularly for a specific purpose, and avoid the temptation to dip in.View details
We can help you encourage the savings habit in the children in your life.View details
Surplus cash within your business? Our dedicated savings accounts offer the opportunity to make it work harder for you.View details
Looking for a safe place to keep cash you might need to access at short notice?View details
Our notice account combines a higher rate of interest with the ability to access your cash after a specified amount of time.View details
Current savings rates from 17 June 2020. We regularly review our savings accounts to ensure they remain competitive.
Important note – we currently have some restrictions in place for new customers applying for a savings account. The accounts available for new customers are our: Instant Access, Business Online, Business Postal, Monthly Saver, Postal, Junior ISA (JISA) and Young Saver accounts. If you are an existing customer (as of no later than March 2020), these restrictions are not applicable and you can open additional accounts across our range. Please also note that the interest rates on our Cash ISA and 30 Day Notice accounts are due to decrease with effect from 30 September 2020. From that date, the annual rates on our Cash ISA will be 0.30% on balances below £35,000 and 0.40% over £35,000. Our 30 Day Notice account annual interest rate will change to 0.50%.
|Account||Minimum Deposit||Notes||Gross Rate / AER|
|Junior Cash ISA||£1||Subscription Limit 2020/21 £9,000****||1.75%|
|Monthly Savings Account||£10|
|Without 0.60% 2020|
With 0.60% 2020
|Young Savers Account||£1 - £25,000***||N/A||1.00%|
| Subscription Limit 2020/21 £20,000****|
Subscription Limit 2020/21 £20,000****
|30 Day Notice Account||£1,000||N/A||0.50%*|
|Postal Business Account||£1,000||N/A||0.25% |
|Business Online Account||£1,000||N/A||0.25%|
|Instant Access Account||£1||N/A||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 £5,000 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 £25,000 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.
No gimmicks, no surprises and fair treatment for new and existing customers alike