Access your companys money when you want to.
Click here to download our latest Interest rates in a PDF format.
| Summary Box - Key Product Information for our Savings Accounts | |
| Account Name | Instant Access Deposit Account |
| Interest Rates (AERs) | For a full list of our current interest rates, either go to
www.theloughborough.co.uk, call 01509 631960 to request an
interest rates booklet or visit your nearest branch. Interest is variable and is added annually on 31 March or can be paid to a bank or another Loughborough account. Interest will be payable net of income tax at the rate prescribed by law (currently 20%), or, subject to the required certification, gross. If your organisation is eligible to receive interest gross at source, please ask for Form 6F for completion. |
| 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 6F. 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 | Instant access subject to Society limits. |
| Access | Branch / Post |
Minimum Opening Balance: £10.
Maximum: £500,000. subject to overall Society limit of £750,000.
The majority of deposit accounts will be opened in accordance with minutes of a meeting
authorising the officers of the organisation to act accordingly. A copy of these minutes should
accompany a completed application form, otherwise a written request on an official letterhead
signed by the officers should be presented. The identification requirements relate to all the
operators who will be operating the account. The Society would normally expect at least three
operators on these types of account of which at least two would sign on all occasions.
The interest rate is tiered, so the more you save the better rate you earn.
