Opening a savings account

If you decide that your new account isn’t right for you, you can close it within 14 days of the open date without notice or penalty. However, this does not apply to Fixed Rate Bonds.

Yes, we require a completed and signed application form for each account you open with the Society, even if you’re transferring funds from an existing Loughborough account.

We’re required by law to check the identity and address details of all account holders and operators.  To do this we’ll ask you to provide documentation to verify your identity and address.  You can find the information about the types of documents that we need for this purpose in our guide, Proving your identity.

UK residents are able to open an account with us. There are age and post code restrictions on some of our accounts and these are clearly marked in our product information.

Opening an account is easy and you can do that in any of our branches by post or by email

Simply download, print and complete the application form of the account you choose.  Then return your completed form, necessary identification and opening cheque to your preferred branch/agency or post it to Loughborough Building Society, 56 Woodgate, Loughborough, LE11 2TZ. 

Cheques should be made payable in the name of the account holder.

For postal and emailed applications we’ll accept photocopy identification documents.

You should also read our General Terms and Conditions and the Financial Service Compensation Scheme Information Sheet.