FAQs
Our full range of simple straightforward savings accounts designed to help you make the most of your money.
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Can I request a Certificate of Interest?
The interest on your account will be printed in your passbook in branch or this can be done by post.
However you can request a certificate of interest at any time by calling us on 01509 631960 or emailing [email protected] and we’ll post one to you. -
What is a Personal Savings Allowance?
The introduction of a Personal Savings Allowance means that from 6 April 2016 not everyone will pay tax on their savings income.
The allowance is £1,000 for basic rate taxpayers and £500 for higher rate taxpayers (there is no allowance for additional rate taxpayers). Interest from ISAs doesn’t count towards your Personal Savings Allowance because it’s already tax-free. Interest is reported by us to HMRC in the tax year the interest is credited to your account. For example, on a 3 year fixed rate bond, interest is added annually to the account throughout the term, therefore interest will be reported each year it’s credited.
You can find more information at https://www.gov.uk/apply-tax-free-interest-on-savings
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