|0.25% Gross* / AER**||Interest rate without bonus (where one or more conditions are not met***)|
|0.55% Gross* / AER**||Interest rate with bonus (includes a bonus of 0.30% where all conditions are met***)|
Interest is calculated daily and added annually on 31st December at close of business.
***Every subscription must be received during the relevant calendar month and the account must remain open at 31st December in order to receive the bonus payment.
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.
|0.25% Gross* / AER**||£11,016.03
This figure is for illustration purposes and assumes a further 10 payments of £1,000 with the last payment missed, no withdrawals and no interest rate changes.
|0.55% Gross* / AER**||£12,035.73
This figure is for illustration purposes and assumes a further 11 payments of £1,000 and therefore includes the bonus rate, no withdrawals and no interest rate changes.
Available to UK Residents and UK Tax Residents. One account per member.
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.
Your initial deposit must be between £10 and £1,000. No other deposits are possible other than one deposit per calendar month of any amount between £10 and £1,000.
The account can be managed via post and branch.
Please contact the Society for information regarding Third Party Assistance.
Yes, one notice and penalty free withdrawal per calendar year (1st January to 31st December) is permitted. All other withdrawals are subject to a penalty of 30 days loss of interest on the amount withdrawn.
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