It might suit you if you are happy to wait for a specified amount of time to access your cash, in return for a higher rate of interest. It specifies exactly how long that period of time would be. You can access your cash without giving notice, but you may lose some interest if you choose to do so. A monthly interest option may be available for income purposes.
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 / 3.75% Gross*/ 3.75% AER** - Annually Variable / 3.70% Gross* / 3.76% AER** - Monthly
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*Gross rate – the contractual rate of interest to be paid on a savings account without any deduction being made in 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.
30 Day Notice.
3.75% Gross* / AER**for balances over £1,000.
Interest is calculated daily and added annually on 31st December at close of business.
Monthly interest option is available for balances in excess of £5,000. The interest rate is reduced by 0.05% to 3.70% gross / 3.76% AER. Monthly interest is credited on the last working day of each month.
Balances under £1,000 will attract the lowest rate from the Instant Access Account.
This figure is for illustration purposes only, and assumes annual interest, no further deposits, withdrawals or interest rate changes.
*** The total amount of Monthly Interest paid in 12 instalments over 12 months would be £185.00. 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 30 Day Notice 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 £1,000. This account can be managed via post and branch.
Please contact the Society for more information regarding Third Party Assistance.
Yes, one notice and penalty free withdrawal per month of up to £5,000 is permitted.
All other withdrawals available immediately with a 30 day loss of interest on the amount withdrawn or are subject to 30 days’ notice. Money must be withdrawn on the 30th day of notice, otherwise notice will be removed.
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 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 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