LBS Logo Colour

About us

Intermediaries

Home / Savings / Regular savings / 2 Year Super Saver Account (Local & Loyal)

2 Year Super Saver Account (Local & Loyal)

Apply now

Key features

  • This is a variable rate product
  • Minimum monthly deposit: £500
  • Maximum monthly deposit: £1,000
  • Total maximum savings over the 24-month period is £24,000 plus interest (lump sum payments are not allowed).

This savings account may be right for you if …

  • you want to save for something special
  • you want to save monthly
  • you don’t have a lump sum to start your savings
  • you’re happy to operate your account with a passbook via the branches or by post
Rate
5.00%
Interest paid
Annually
Deposits
£500-£1,000
Monthly

Summary information

What is the Interest Rate?

    • Interest is variable and the rate is currently 5.00% Gross/AER*.
    • Interest is calculated daily and added to the account annually on the anniversary of opening.
    • A full list of our current interest rates can be found on our Interest rate poster.

Can the Loughborough Building Society change the Interest Rate?

    • We may change interest rates at any time.
    • For further information about why we may change the rate and how we will tell you about a change, please refer to section 7.4 of the Society’s General Terms and Conditions.

What would the estimated balance be after 24 months based on a £1,000 per month deposit?

    • Based on the current interest rate, if you deposited £1,000.00 into the account on the 1st of every month over a period of 24 months, you would have £25,263.30.
    • Please note that these projections are provided for illustration purposes only and assume that no other changes take place on the account.

How do I open and manage my account?

    • To open an account you will need to provide a completed application form together with proof of your identity and address.
    • Available to new and existing customers aged 16 years and over, residing in the postcodes LE, DE, NG.  Also available to existing Loughborough customers, residing anywhere in the UK who currently have a mortgage or savings account that was opened on or before the 1st of June 2025.
    • Minimum monthly deposit: £500
    • Maximum monthly deposit: £1,000
    • Total maximum savings over the 24-month period is £24,000 plus interest (lump sum payments are not allowed).
    • One account per person, solely or jointly.
    • This account can be opened and operated in branch and by post.
    • This is a passbook account.

Can I withdraw money?

    • Withdrawals are limited to one per account year.
    • The account can be closed even if the 1 withdrawal has been made in the account year.
    • All withdrawals are subject to the Society’s daily limits.

Additional Information

    • Deposits can be made by cash or cheque at any branch or agency, by standing order, by post or by internal transfer from another Society account. Deposits must reach the Society by the 28th of each month and limited to 1 credit per month.
    • This is a limited edition product and may be withdrawn without notice at any time.
    • If the required 24 monthly deposits are not made, the account will be transferred to an Instant Access Saver 1.
    • We’ll write to you before the maturity date to advise you of the options available.
    • If you don’t take any action at maturity, your account will transfer to an Instant Access Saver 1.
    • If or when we need to transfer your account to an Instant Access Saver 1, we’ll provide you with full details at that time.
    • Interest is payable gross (no tax is deducted). However, you may be liable to pay tax depending on your income, for further details go to GOV.UK and search Personal Savings Allowance.
    • *Gross means the contractual rate of interest payable before the deduction of income tax.  This account is tax free.  AER stands for Annual Equivalent Rate and illustrates what the interest rate would be if interest was paid and added each year.

How to apply

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

Simply download, print and complete the application form.  Then return your completed form, necessary identification and opening cheque to your preferred branch or post it to Loughborough Building Society, 56 Woodgate, Loughborough, LE11 2TZ, alternatively, you can scan your completed, signed application and identity documents to [email protected]. An electronic payment can be made once the account is opened.

Cheques must be payable to the account holder.

For postal applications we will accept photocopy or scanned documents, not photographs. The copy must be a clear, readable version of the full original document.

You should read all the product information to ensure this account is right for you and also the Financial Services Compensation Scheme Information Sheet and our General Terms and Conditions.

Download an application form

Download application icon Download application form

Terms and Conditions

Before opening this account please read our General Terms and Conditions.

Financial Services Compensation Scheme

We are covered by the Financial Services Compensation Scheme (FSCS).  The FSCS can pay compensation to depositors if a building society is unable to meet its financial obligations.  It’s important that you read the FSCS Information Sheet. It provides basic information about the protection of your savings deposits.

Still need help?

Our help section is full of useful information, but if you can’t find what you need you can pop into one of our branches. Or if you’d rather just chat, give us a call.

Find a branch
Request a callback

Call us on 01509 631960

Monday – Friday

9am – 5pm

Weekends and bank holidays

Closed