An easily accessible account with a great rate for the over 50s.
Click here to download our latest Interest rates in a PDF format.
| Summary Box - Key Product Information for our Savings Accounts | |
| Account Name | Loughborough Classic 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 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 | • 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the account will fall below £25,000 withdrawals are subject to 30 days notice or 30 days loss of interest on the amount withdrawn. |
| Access | • Branch / Post |
• Minimum Opening Balance: £10 for annual interest, £10,000 for monthly interest.
• Maximum: No maximum, subject to overall Society limit of £750,000.
• Available to sole or joint investors aged 50 and over only.
• Available only to new members residing in the LE, DE & NG postcodes and existing members.
Where people make the difference