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Affinity Account
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Summary Box - Key Product Information for our Savings Accounts |
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Account Name |
Affinity Account |
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Interest Rates (AERs) |
• See our full list of our current interest rates, • Interest is variable and added annually on 31st March. |
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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. |
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Conditions for bonus payment |
• A bonus of 1% of all balances is paid to the club, society or company on 31 March if the Affinity account has 25 members or more. If it has 24 members or less then only the interest rate will be paid. |
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Withdrawal arrangements |
• Instant access, subject to Society limits. |
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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.
• Maximum: £100,000 per individual or joint investors.
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Available to any members of a club, society or company who wish to save
for a common purpose eg. Christmas party or new sports equipment.
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.
