Our Instant Access account provides a safe place for you to keep any funds you might need to get your hands on, with some interest. However, it typically offers a lower rate of interest than any fixed rate or notice equivalents. Ask our team for details.
The Society is required by the Financial Conduct Authority to provide you with certain key information about this account in the form of a Summary Box. You should read this to enable you to make an informed decision and compare our product with those of other providers. Below, you have the option to download and print or save the full summary box, view elements of it one-by-one, or expand the accordion further down this page and view the full product details in one go.
Variable / Gross*/AER**
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*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.
0.15% Gross* / AER** for balances over £1.
Interest is calculated daily and added annually on 31st December at close of business.
0.10% Gross* /AER** for balances in excess of £5,000.
Monthly Interest is calculated daily and is credited on the last working day of the month. Monthly Interest can either be paid back into the account or paid away to a different nominated account.
Yes, all of our interest rates are variable.
Refer to the General Savings Terms & Conditions and the Faster Payment Form & the Framework Contract for Payment Services for full details.
Annual Interest Option: £1,001.50 | Monthly Interest Option: £5,000***
These figures are for illustration purposes only, and assume no further deposits, withdrawals or interest rate changes.
The Annual Interest figure assumes that interest is paid back into the account.
*** The total amount of Monthly Interest paid in 12 instalments over 12 months would be £5.00. The monthly interest figure assumes a balance of £5,000 which is necessary to be eligible for monthly interest, and also that the interest payments are paid to a nominated account other than the Instant Access 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 £1.
This account can be managed via post and branch.
Please contact the Society for more information regarding Third Party Assistance.
Yes, notice and penalty free withdrawals are permitted.
You can normally make a withdrawal on demand of cash up to £500 and any amount by cheque or Faster Payment, subject to adequate cleared balance and written instruction signed by the relevant signatory(ies).
Refer to our General Savings Terms & Conditions and the Faster Payment Form & the Framework Contract for Payment Services for more information on withdrawals.
* 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.
To apply, please complete the application form below and either call in to our branch or send the completed form with your opening deposit to the Beverley Building Society at 57 Market Place, Beverley, East Yorkshire, HU17 8AA