Home Savings Savings at The Loughborough Fifty Fifty Account

Fifty Fifty Account

  • Accounts tailored for those over 50 – for sole or joint investors
  • Provides unlimited access to your account via branch or post
  • Accounts can be opened with as little as £50 (annual) or £10,000 (monthly)
  • 50 days notice or interest penalty if balance falls below £25,000
  • Available only to new members residing in the LE, DE & NG postcodes and existing members. 
  Annual Interest Rates Monthly Interest Rates
Balance AER AER - illustrates what the interest rate would be if it were paid and added year. Gross Gross - the contractual rate of interest payable before the deduction of income tax at the rate specified by law. Net Net - an illustration only rate allowing the deduction of tax assuming the continuation of the current prescribed rate of 20%. AER AER - illustrates what the interest rate would be if it were paid and added year. Gross Gross - the contractual rate of interest payable before the deduction of income tax at the rate specified by law. Net Net - an illustration only rate allowing the deduction of tax assuming the continuation of the current prescribed rate of 20%.
All balances (subject to account minimum) 1.55% 1.55% 1.24% 1.46% 1.45% 1.16%

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Summary Box - Key Product Information for our Savings Accounts

Account Name

Fifty Fifty Account

Interest Rates (AERs
  • Interest is variable and is paid on the 31st March each year.
  • Monthly interest must be paid and cannot be credited to the account.
  • 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
  • No notice is required for withdrawals if the balance of the account remains £25,000 or more.
  • Where the balance of the account will fall below £25,000 withdrawals are subject to 50 days notice or 50 days loss of interest on the amount withdrawn

Access
  • Branch and Post.  Download an application form to complete and send or bring into a branch with relevant ID and initial deposit.
  • Minimum Opening Balance: £50 for annual interest, £10,000 for monthly interest.
  • Maximum: £500,000 per account subject to an overall Society limit of £750,000.
  • Available to sole or joint investors aged 50 and over.
  • Customers requiring interest to be paid to another account with the Society or to their bank account must specify where the interest is to be paid and provide full details. 
  • If the balance of a monthly interest account falls below the minimum £10,000 it will be transferred to annual interest.
  • Available only to new members residing in the LE, DE & NG postcodes and existing members. 
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To apply for this product you will need:

  • Identification (such as your passport / driving licence)
  • Your initial Investment

Download Application Form:

You can speed up your application by Downloading and completing our application form

Drop it into a Branch:

You can then pop into one of our branches or return the form to our Head office.

Or contact us by Phone:

Call us on 01509 631 960.

Our office hours are Mon, Tue, Thu & Fri 9am - 5pm Wed 9.30am - 5pm.

Or Online:

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