Savings & Investments
General Information
| How to Open a Savings Account Opening an account with The Loughborough could not be easier – simply read through our Terms & Conditions, complete an application form and take or post it to your nearest branch office along with your initial investment and identification. All postal account applications must be sent to our Head Office. We may be able to verify your identity without the need for you to send any documents. However, to ensure that your application is not delayed, please send a certified copy of one of the following government issued documents: Government issued documents with a photograph include: If you are unable to send one of the above documents, we will need to see a certified copy of a government issued document incorporating your full name (without a photograph) plus a second document which should include: • Your full name and either your residential address or your date of birth. Please see the table below for examples, bearing in mind you will need one certified copy from both List A and List B: List B We will not be able to open an account for you until the identity of all applicants has been verified. Copies of any documents should be certified by an appropriate person (such as solicitor, accountant, bank or building society official or other FSA regulated individual), who is not a relative. The certification should show the name and address of the witness and a statement that ‘This is a true copy of the original’ complete with the date. For further information on why proof of identification is required, please ask for a copy of the leaflet ‘Proving Your Identity’, published jointly by the Building Societies Association and the British Bankers Association and ‘Fighting Crime and Terrorism: we need your help’ published by HM Treasury, The National Crime Intelligence Service and the Financial Services Authority. General Terms and Conditions Changing Your Mind
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Joint Accounts Financial Services Compensation Scheme The limit of compensation payments under the Scheme is 100% of the first £50,000 of an investors total shares and/or deposits in the Society unless you are: • A large company Further details of exclusions from FSCS cover can be found on the Financial Services Authority website. |
Could you claim tax back on your savings? www.hmrc.gov.uk/taxback/