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The Classic Saver offers a simple, easy access way to manage your savings, while still earning an attractive rate of interest.

 

The Classic Saver key features are:

  • Open your account by post or at our Epsom branch 

  • Easy access to your savings

  • A minimum opening transaction of £20,000 is required

  • Save up to £250,000

  • Additions* allowed until the 11 September 2017 (the funding cut-off date), by debit card via our Online Service, by bank transfer from your bank account, by cheque through the post, or by visiting our Epsom Branch

  • Minimum withdrawal £100

  • Maximum withdrawal £25,000 per day per account

  • Variable interest rate, paid annually on 31 January and added to your account

  • Withdrawal instructions available online, over the telephone and at our Epsom branch.

*To send additional savings directly from your bank account the banking details you’ll need can be found on the back of your new account Certificate. To add to your account using your debit card you will need to register for our Online Service if you are not already a user for an existing account with us. You can register once you have received your new account Certificate. For security reasons the activation code required for your first log-in after registration is sent to you by post.

The information provided is a summary of the key features of the account and is not intended to be a substitute for reading the Product Features leaflet and General Conditions for our Savings Accounts booklet.


Summary box

Account name

2nd Issue Classic Saver 

What is the interest rate?

Rate effective from 31 July 2017 Gross AER
£20,000+ 1.12%
  • Interest is calculated daily and paid annually on 31 January

Can National Counties Building Society change the interest rate?

Yes, the interest rate is variable and may be changed. Please refer to Section 14 of the General Conditions for our Savings Accounts booklet for more information on when we may make changes to the interest rate and how this will be communicated

What would the estimated balance be after 12 months based on a £20,000 deposit?

Opening balanceProjected balance (Gross)
 £20,000£20,224.00
  • This projection assumes that the account is opened with the stated amount with no additions or withdrawals made. Projected balance is at the end of 12 months
  • All projections are provided for illustrative purposes only and do not take into account individual circumstances
  • Actual interest may depend on the date the account is opened and the date that interest is paid

How do I open and manage my account?

    • The Classic Saver can be applied for by post or at our Epsom branch
    • A minimum opening transaction of £20,000 is required, either by cheque or by transfer from an existing account with us
    • Additions can be made by debit card via our Online Service, by bank transfer, by cheque or by transfer from another savings account with us
    • Additions are allowed until the funding cut-off date
    • A maximum of £250,000 may be held in the account
    • Instructions for the account can be made via the Online Service, telephone, post and at our Epsom branch
 Can I withdraw money?
  • Withdrawals are available without notice or access charge and can only be paid by bank transfer or transfer to another account with us 
  • Minimum withdrawal is £100, maximum withdrawal is £25,000 per day. Please see the ‘Taking money out’ section of the Product Features leaflet for full information

Additional information

TAX STATUS: Interest is paid gross from 6 April 2016 due to the introduction of the Personal Savings Allowance (PSA). You will need to declare any income from savings interest earned over your PSA through a self-assessment tax return to HM Revenue & Customs

  • Please note Attorneys cannot operate the account using our Online Service
 

This issue may be withdrawn at any time without prior notice.
1 AER stands for Annual Equivalent Rate and illustrates what the annual rate would be if interest was compounded.

All financial information correct on 31 July 2017.

 

Use of a debit card to deposit savings

Please note that the debit card you use to deposit money via the Online Service should be registered to the address we hold for you.

Debit card transactions are subject to approval by your bank and may be declined if you do not have sufficient funds available in your bank account or the transaction exceeds your bank's anti-fraud limits.

Operating an account on behalf of someone else

This account is available for operation by Third Parties, Attorneys and Deputies. For information on how to set up any of these on your accounts please refer to our FAQs page where all the information you should need can be found.

If you have already set up Power of Attorney, a Deputy or Third Party and wish to open this account, please also refer to our FAQs page where you can find details of the forms we require.

If you have any further account opening queries please contact our New Savings Account Enquiry Team on 03300 243413.

If you're looking for an easy access account, you might also be interested in:

  • Direct Access Share
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