Our Postal 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.

 

This might suit you if

  • You prefer to operate your account by post, even though this may mean waiting a few days for your transactions to take effect
  • You want somewhere safe to keep your excess funds
  • You might need to get your hands on your money
  • Access to your cash is a bigger priority than the interest rate you will receive
  • You’d like a passbook, so that you can watch your savings grow
  • Once your balance reaches the higher tier, you will benefit from the increased rate on your entire balance
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Postal Account

0.35%

Variable / Gross*/AER**

For balances £1,000+

Find out more

Postal Account

0.50%

Variable / Gross*/AER**

For balances £75,000+

Find out more
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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.

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Summary Box

Postal Account.

0.35% Gross* / AER** for balances £1,000+
0.50% Gross* / AER** for balances £75,000+

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 rate is reduced by 0.05%. 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.

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.

0.35% Gross* / AER** £1,003.50

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

0.50% Gross* / AER** £75,375.00

This figure is for illustration purposes only, and assumes a single additional deposit of £74,000 at account opening, annual interest, and no further deposits, withdrawals or interest rate changes.

 

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 the post. Transactions at the counter are not permitted.

Please contact the Society for information regarding Third Party Assistance.

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 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.

How to apply

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

Forms, guides and Ts & CsDownload Application FSCS Information Sheet and Exclusions List 2020

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