Regional 2 Year Flexible Saver (31.01.2027) (Postcode Restrictions Apply)

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Regional 2 Year Flexible Saver (31.01.2027) (Postcode Restrictions Apply)

Key Features

Regional 2 Year Flexible Saver (31.01.2027) (Postcode Restrictions Apply)

5.15% Gross pa/AER

Open with £25

Invest up to £400 per month

Our Regional 2 Year Flexible Saver allows deposits from £25 to £400 per month.

Two withdrawals per year are permitted without penalty. You can close your account at any time within the 24 month fixed term period and this will not count as one of your two withdrawals.

How is interest calculated?

Interest is calculated on a daily basis and paid on the 31st January 2026 and on the maturity of the account.

At maturity your account will revert to our Members Maturity Easy Access (2 Withdrawals) Account or, if chosen, your balance plus interest will be paid to your nominated account.

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

(1) AER stands for Annual Equivalent Rate and illustrates what the interest rate would be if interest was paid and compounded once each

(2) Gross – The gross rate of interest is the interest rate payable before any income tax is deducted (if you do pay tax).

Can Chorley Building Society change the interest rate? 

This account has a variable rate of interest and is subject to changes; this means we may increase or decrease interest rates at any time; if we reduce the interest rate we will give you 14 days notification prior to the change. Please refer to section 7 of the Savings Account Terms and Conditions for details for further information on this.

What would the estimated balance be at the end of the fixed term period based on a £400 per month deposit?

Based on the current rate of interest, if you opened this account on the 1st of the month and deposited £400.00 per month, at the end of the fixed term period your estimated balance would be £10,123.81.

This figure is for illustration purposes and is based on no withdrawals or changes in interest rate within the 24 month period.

How do I open and manage my account? 

This product can be opened and managed in branch and by post and can be opened and viewed via Chorley Online. Please refer to the Society’s Savings Accounts General Terms and Chorley Online Terms and Conditions.
To open this account, you will need to complete a Regional 2 Year Flexible Saver Application Form.

Eligibility Criteria

  • Be aged 18 or over, and a UK resident living in one of the following postcode areas (CA, FY, PR, LA, WN, BL, L, WA, BB, CH, M, SK, CW, OL)
  • The minimum initial deposit is £25.00
  • The maximum monthly deposit is £400.00
  • Initial deposit must be received by the 28.02.2025
  • You do not need to make a deposit each month, however, backdated monthly deposits are not allowed
  • Only one Regular Saver, one Seasonal Saver and one Regional 2 Year Flexible Saver can be held in any 12 month rolling period
  • Accounts to be held in sole name only. Accounts in joint names are not permitted.

Internal transfers from other Chorley Building Society accounts are not allowed.
This is a limited issue and the Society reserves the right to withdraw this product without notice at any time. 

 

Can I withdraw money from this account? 

  • 2 withdrawals per year are permitted without penalty. You can close your account at any time within the 24 month fixed term period and this will not count as one of your two withdrawals.
    If more than 2 withdrawals are made within a 12 month period your account will be closed.
  • The account will mature on the 31st January 2027. The account balance will then be available on the next working day. ‘Working day’ means a day other than a Saturday, Sunday or Bank Holidays.
  • On maturity your balance, plus interest, will be automatically transferred into our Members Maturity Easy Access (2 Withdrawals) account. However, you can choose to have your balance plus interest paid to another account with the Society, which will be available on the next working day, or to your nominated bank account by BACs. (Please note BACs can take up to 5 working days). Please refer to the Society’s Savings Accounts General Terms and Conditions for further detail.
  • We will contact you at least 14 days prior to the end of the 24 month term to advise you of the details of our Members Maturity Easy Access (2 Withdrawals) and your alternative options for maturing funds. This will be by email if we hold an up-to-date email address for you, or via the post.
  • Withdrawal conditions apply; please refer to section 9 of the Savings Account Terms and Conditions and section 7 of the Chorley Online Terms and Conditions for further details. The terms of the Chorleian Account are available in branch or at www.chorleybs.co.uk/savings.

Additional Information

Whether you need to pay tax is dependent on your own personal circumstances and may be subject to change in the future. 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

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 https://www.chorleybs.co.uk/contact-us for further information.

Application Checklist

Must be a UK resident

We cannot offer accounts to people outside of the UK

Your Chorley account number

If you are already a member, so we can match you to your account

National Insurance number

This can be found on your payslips, P60 or tax return

Your bank or building society account details

You may need a new account to send withdrawals and interest to

Be at least 18 years old

This account is available to customers over the age of 18

Have read the product information and the following documents

Please ensure that you have read and understood the terms and conditions of the product you are applying for. These are detailed above, in the summary box. By proceeding with an application, you are confirming that you have read and understood the product specific terms and conditions. Please also ensure that you read the below documents before you apply. You can print or save these documents for your records.

 

Please speak to a member of our branch team if you have any queries.

Useful Links

Savings Accounts Terms and Conditions
Tariff of Fees and Charges
FSCS Information Sheet and Exclusions List
Identification Criteria (If we need more information from you)

Ways to apply

Online

Before you apply, please read the summary and the application checklist above.

By Post

Before you apply, please make sure that you have read and understood the account summary and application checklist above. You can download the application form online, print and post back to us.

In Branch

Before you visit, please ensure you have valid identification and necessary documents and please read the summary and the application checklist above.