Lifestyle Saver

To open an account simply call into your local Furness branch or agency with your initial investment and identification.  You can also access the application form by clicking "Apply now" on this webpage.  Identification requirements can be found on this website, by asking at your local branch or agency or by contacting the investment team on 0800 834312.  If you are already a Furness customer, in most cases this will not be necessary.

You must be at least 16 years old to open a Furness Lifestyle Saver account.

Minimum opening deposit £1
Maximum opening deposit £250 (£500 joint)
Monthly payment of between £1 and £250 (£500 joint) per calendar month.

The Furness Lifestyle Saver is totally flexible and you can increase or reduce your monthly payments (subject to the minimum and maximum limits) to suit your financial situation at any given time. You can make as many payments as you like up to the maximum of £250 (£500 joint) each month. One payment of at least the minimum £1 must be made to your account each month. This means that at least 12 payments must be made to your account each anniversary year. The anniversary year means a year from the date of opening. The Furness Lifestyle Saver is strictly limited to one account per customer. This means that if you have a joint account, you cannot open another account in your sole name. Payments can be made by standing order or at your local Branch or Agency. You may also send a cheque through the post if required. Please ensure that cheques are made payable to yourself and quote the account number on the payee line.

Interest is added to your Furness Lifestyle Saver account annually on the anniversary of the account opening date. Interest is calculated on a daily basis. This means that deposits received in earlier months will receive more interest in the year than those received in the later months, as the funds will have been in your account for a longer time. You can find out about our interest rates on this website, by asking at your local branch or agency for a Current Interest Rate leaflet or by calling us on 0800 834312. The interest rate is variable.

The Furness Lifestyle Saver allows one withdrawal to be made in each anniversary year. This allows you to save for Christmas or a holiday or perhaps a special occasion or a birthday. It is up to you when your withdrawal is made and you can choose to make your one withdrawal a different time in each anniversary year that you continue to save. Just leave £1 or more in your account and carry on saving each month. You can close your account at any time without notice or penalty. If a monthly payment is missed, we will give you 30 days written notice and transfer your balance to an Furness Access Saver account.