Minimum balance in the account | % Gross(2) | %AERs(1) |
£1+ | 4.45%
(4.35% with effect from 22.10.2024) |
4.45%
(4.35% with effect from 22.10.2024) |
Interest is calculated on a daily basis and paid annually on 30th June. The annual interest will be paid directly into this account with the Society.
Please refer to section 7 of the Savings Accounts General Terms and Conditions for further information on how we calculate interest.
Details of our full range of products and current interest rates are available on request at our branches, by telephone 01257 235003 or from our website www.chorleybs.co.uk/savings
Interest Rate Definitions
This account has a variable rate of interest and is subject to change; this means we may increase or decrease interest rates at any time. If we make a material reduction to the interest rate, the reduced rate will be applied to the account after 14 days plus the account notice period (or 30 days if longer than the notice period) During this time, the notice period for making withdrawals from your account (or closing your account) will continue to apply. Please refer to section 7 of the Savings Account General Terms and Conditions for further information on how and why we might change the interest rate.
Based on the current rate of interest, if you deposited £1,000 in this account, after 12 months your estimated balance would be £1,043.50.
This projection is for illustration purposes only and does not take into account your individual circumstances. The projection is based on no additional deposits, withdrawals or changes in the interest rate within the 12 month period.
This product can be opened or managed in branch, by post, and via Chorley Online. Please refer to the Society’s Savings Accounts General Terms and Conditions and Chorley Online Terms and Conditions.
Eligibility Criteria
This is a limited issue and the Society reserves the right to withdraw this product without notice at any time.
You may withdraw by cash, cheque or CHAPs* (*subject to a £25 fee) subject to 120 days written notification being received by the Society. Please read the following conditions regarding withdrawals:
Withdrawal conditions apply; please refer to section 9 of the Savings Account General Terms and Conditions and section 7 of the Chorley Online Terms and Conditions for further details.
Whether you need to pay tax is dependent on your own personal circumstances and may be subject to change in the future. Interest is paid gross on all our savings accounts – except ISAs where it is paid tax-free. For more information on Tax Allowances please call HMRC on 0300 200 3300 or visit https://www.gov.uk/apply-tax-free-interest-on-savings
Changing your mind
In respect of this 120 Day Notice Account product, in order to protect your interests, we offer you a 14 day cooling off period from the date you open your account in which you can change your mind. If you cancel an account within the above period we will help you to either switch to another of our accounts or we will refund your money to you within 30 days of your notification of cancellation together with any interest that has been earned. Should you change your mind about this 120 day notice product please send written notification of your cancellation to us at Head Office, Key House, Foxhole Road, Chorley, PR7 1NZ.
Before applying for any of the above accounts please ensure you read the following:
Please also refer to our Identification Criteria in case we need to request more information from you
If applying by post, please ensure you print and sign before returning your application to the following address:
Savings & Investment Department
Chorley Building Society
Key House
Foxhole Road
Chorley
Lancashire
PR7 1NZ
The Society will collect your email address as an alternative means of communication if we cannot reach you via telephone. This data will not be used for any other purpose.
Interest Rate Definitions (1) AER stands for Annual Equivalent Rate and illustrates what the interest rate would be if interest was paid and compounded once each year. (2) Gross – The gross rate of interest is the interest rate payable before any income tax is deducted (if you do pay tax)
Financial Services Compensation Scheme The Society is a member of the Financial Services Compensation Scheme. Your savings in this product may be covered, subject to eligibility. For more information contact the Financial Services Compensation Scheme, Telephone: 0800 678 1100 or 020 7741 4100, Email: ICT@fscs.org.uk, website: http://www.FSCS.org.uk
Contact us – 01257 235003 or Click Here for further information. Chorley and District Building Society is authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority. Registered on the Financial Services Register under number 206023. Registered Office: Key House, Foxhole Road, Chorley, Lancashire PR7 1NZ. Your telephone conversations with the Society may be recorded. This is to help the Society to improve customer service and to offer additional security. Calls and electronic communications may also be monitored for staff training.
Your Home May Be Repossessed If You Do Not Keep Up Repayments On Your Mortgage. Think Carefully Before Securing Other Debts Against Your Home. Get help > .
The Chorley and District Building Society is authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority. Registered on the Financial Services Register under number 206023. Registered Office: Key House, Foxhole Road, Chorley, Lancashire PR7 1NZ.
Chorley and District Building Society is a member of the Building Societies Association and a participant of the Financial Ombudsman Service and Financial Services Compensation Scheme.
Your telephone conversations with the Society may be recorded. This is to help the Society to improve customer service and to offer additional security. Calls and electronic communications may also be monitored for staff training.