FAQs
Our full range of simple straightforward savings accounts designed to help you make the most of your money.
-
If I pay into my account when will I start to earn interest?
When you pay money into your account:
Cash and electronic payments earn interest from the day of receipt.
Cheque payments earn interest from the next working day.The total balance of your account will continue to earn interest up to and including the day before any funds are withdrawn.
-
If I want to pay a cheque into my account who should I make it payable to?
If you’re making a deposit by cheque, please make it payable to the person named on the savings account, do not make it payable to the Society.
-
Can I pay money / wages into my account by BACS?
Yes you can. You’ll need to download and complete a standing order form. Alternatively you can request one by emailing [email protected], visiting one of our branch or agency offices or telephone 01509 631960 and we’ll be happy to help.
For wages or credits into your account, please use sort code 30-00-80, account number 01781004 and ensure your Loughborough account number is quoted as the reference.
Forms
Forms to support you paying into your savings account
Paying into your savings account
(PDF, 64KB)
Interest instruction form
(PDF, 52KB)
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