Account Name |
2nd Issue Club Saver |
What is the interest rate? |
Rate effective from 25 February 2021 | Annual | Gross AER1
| £100,000+
| 0.30% | £50,000+
| 0.30% | £10,000+
| 0.20% | £1,000+ | 0.20% |
- Interest rates are dependent on balance amount
- Interest is calculated daily and paid annually on 30 June
|
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? |
Opening balance | Projected balance (Gross) |
£100,000+ | £100,300.00 |
£50,000+ | £50,150.00
|
£10,000+ | £10,020.00 |
£1,000+ | £1,002.00 |
- These projections assume 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 Club Saver is only available for unincorporated Clubs, Societies, Associations and unincorporated Charities. For full information on restrictions please see the ‘Applying for an account' section of the Product Features leaflet
- The account can be applied for by post or at our Epsom branch
- A minimum of £1,000 must be deposited
- Additions are allowed but not required on a regular basis
- Additions to the account can be made by transfer from your bank account, by cheque and by cash
- A maximum of £500,000 may be held in the account, subject to the organisation’s total holding with us not exceeding £500,000
- Instructions for the account can be made by post and at our Epsom branch
|
Can I withdraw money? |
- Withdrawals are available after 35 days’ notice without access charge, and can be made by post or branch only. Withdrawals can be made by transfer to our organisation's nominated bank account, by transfer to another savings account with us, by cheque or by cash
- Minimum withdrawal is £100
- Immediate withdrawals are not permitted
Please see the ‘Taking money out’ section of the Product Features leaflet for full information
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Additional Information |
TAX STATUS: Interest is paid gross. Your organisation is responsible for any tax payable to HM Revenue & Customs. Interest is paid on 30 June and available from the following day |
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