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30 Day Notice Account

Summary Box - Key Product Information for our Savings Accounts

Account Name

30 Day Notice Account

Interest Rates (AERs)

• See our full list of our current interest rates

• Interest is variable and is paid annually on 31 March.
• Monthly and annual interest can be paid to a bank or transferred to another account with the Society.

Tax Status

• Interest on your account will be paid ‘net’ (after taking off tax at the basic rate) unless you are entitled to receive it ‘gross’, and you complete and let us have HM Revenue and Customs Form R85. Even if interest is paid net, you may be liable to pay additional tax depending on your income. For further details, please see the booklet “Taxation of Building Society Interest”, a copy of which is available on request.
• A tax certificate may be requested each year free of charge. A charge will be made if a duplicate certificate is requested.

Conditions for bonus payment

• N/A

Withdrawal arrangements

• While balance remains over £10,000, you may make withdrawals without notice or penalty at any time subject to Society withdrawal limits.
• Where the balance of the account will fall under £10,000, you must give 30 days notice of withdrawal or lose 30 days interest on the amount withdrawn.

Access

• Branch / Post.   Download an application form to complete and send or bring into a branch with relevant ID and initial deposit.

 

Minimum Opening Balance: £10 for annual interest, £10,000 for monthly interest.
Maximum: No maximum, subject to overall Society limit of £750,000.
• The interest rate is tiered, so the more you save the better rate you earn

How to apply

Opening an account with The Loughborough could not be easier – in the product information above is an application form, download and complete this form and take or post it to your nearest branch.

You will also need to bring along identification and your initial investment. All postal applications need to be sent to our Head Office

Alternatively, you can call us on 01509 631 960 or request a call back at a time convenient to you.

 

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