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Loughborough Postal Account
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Summary Box - Key Product Information for our Savings Accounts |
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Account Name |
Loughborough Postal Account |
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Interest Rates (AERs) |
• See a full list of our current interest rates • Interest is variable and is paid annually on 31 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 |
• N/A |
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Withdrawal arrangements |
• Minimum £100 normally paid by cheque by return of post. |
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Access |
• Post. Download an application form to complete and send or bring into a branch with relevant ID and initial deposit. |
• Minimum Opening Balance: £100 for annual interest, £1,000 for monthly interest.
• Maximum: £250,000 subject to the maximum holding with the Society.
• Deposits must be made by post to Head Office or by bank transfer - no minimum amount, but cash transactions are not accepted.
• A full statement is provided each April. Transaction statements are provided after each postal transaction.
• 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.
