All savings

Future First

Balance	Age Range	AER	Gross
£1 or more	16 to 25	1.30%	1.30%

Helpful Information

Key Features

Open with just £1 and save up to £50,000.
Available to savers aged 16 to 25 years.
Only one saver can be linked to the account.

Available only to new members residing in LE, DE & NG postcodes and existing members.
A passbook will be issued when the account is opened.

Summary

Summary Box
Account Name	Future First
What is the Interest Rate?	Interest is variable and the rate is currently 1.30% Gross/AER*. Interest is calculated daily and paid annually on 31 December and is added to the account. For a full list of our current interest rates click here.
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 12 months on a £1,000 deposit?	Based on the current interest rate, if you deposited £1,000 in this account, after 12 months you would have £1,013. Please note that this projection is provided for illustration purposes only and assumes that no changes take place on the account after the initial deposit is made.
How do I open and manage my account?	To open an account you need to provide a completed application form, the minimum investment of £1.00 and proof of your identity and address. Only one saver can be linked to the account. Save up to £50,000. Available to savers aged 16 to 25 years. Available to new members residing in LE, DE and NG postcodes and existing members. This account can be operated via branch and post. A passbook will be issued when the account is opened.
Can I withdraw money?	Four withdrawals per calendar year are allowed without notice or penalty, subject to Society’s normal withdrawal limits which are: £500 cash or £99,999 cheque per day at any branch or agency office. Larger amounts of cash up to £2,000 and cheques over £99,999 require at least 24 hours’ notice. Once four withdrawals have been made, no further withdrawals are allowed in that calendar year. A passbook must be presented when a withdrawal is requested.
Additional Information	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 www.GOV.UK and search Personal Savings Allowance. We will contact you before your 25th birthday to advise you of the options available to you. The account will be transferred to a holding account if we don’t hear from you by that time. *Gross means the contractual rate of interest payable on which you may be liable to pay income tax at the prescribed rate. AER illustrates what the interest rate would be if it were paid and added each year.

Important Information

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.

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, 6 High Street, Loughborough LE11 2QB.

Cheques must be payable to the account holder.

For postal applications we will accept photocopy identification documents as long as they are certified by an appropriate person such as a solicitor, accountant, bank or building society official or other financial services approved person and we are provided with sufficient information to be able to contact that person.

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.