If making trips to our branches is not an option, make things easier by saving with our Postal Account.
Click here to download our latest Interest rates in a PDF format.
| Summary Box - Key Product Information for our Savings Accounts | |
| Account Name | Loughborough Postal 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. • If minimum account balance is not maintained, rate reverts to prevailing Instant Access Account rate. |
| 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 | • Minimum £100 normally paid by cheque by return of post. • CHAPS facility available subject to charge. |
| Access | • Post |
• 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.
Where people make the difference