FAQs
Our full range of simple straightforward savings accounts designed to help you make the most of your money.
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When does Loughborough Building Society report the interest earnt on my savings accounts to HMRC?
Interest on non-ISA related accounts is reported when it’s either credited to the account or paid and shared with HMRC annually.
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Are there any fees and charges on savings accounts?
There are no fees for the general operation of your account however, there are other charges we may make. You can find this information in our Tariff of Charges.
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How will I be informed when interest rates change?
When interest rates change, and the change is a reduction, you’ll be given at least 14 days’ notice of any interest rate changes on your account before they become effective.
Where the change is an increase, we’ll update our website and branch notices.
We’ll also provide a summary of rate changes throughout the year within our Annual General Meeting communication sent to Society members each January.
Our current and previous savings rates can be found on our savings rate leaflet.
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How do I find out what interest rate I’m being paid?
You can view our current and previous saving interest rates online or in any of our branch/agency offices. Alternatively if you email [email protected] or telephone 01509 631960 we’ll be happy to send you a leaflet.
More savings support
General savings account questions
Fees and interest rates for savings accounts
Opening a savings account
Paying into a savings account
Updating your savings account
Withdrawing money and closing an account
Transferring an ISA in/out of the Society
Personal savings allowance
Power of attorney and bereavement
Society membership