Savings Accounts

1 Year Regular Saver Account

Availability

Can be opened at a branch office or agency where you live or through the post.

The account holder agrees to be bound by the rules of the Society (copies available upon request) and the terms and conditions stated on this website.

Term

The fixed term for Regular savings is 1 year.

Minimum and Maximum Investment.

£100 minimum per month up to a maximum of £1000.

Additional Investments

Your 1 Year Regular Saver Account is totally flexible, you can increase or reduce your monthly payments to suit your financial situation, subject to the minimum and maximum monthly amounts.

You can make payments by standing order or at your local branch or agency.

Interest

Interest is added to your 1 Year Regular Saver Account on maturity.

The rate of interest may be varied.

Maturity

At the end of the 1 year period, from when you started saving, the final interest will be added to the account. We will then transfer the funds to a 90 day notice account but we will give you 30 days penalty free access to the money if you wish to withdraw it or transfer to another account type with the Society.

Withdrawals

The 1 Year Regular Saver Account is a 1year contract which offers a high rate in return for regular savings over that period.

No withdrawals are permitted within the 1 year period without penalty.

Premature Closure

Closure is not permitted within the term except on death of the investor.

If ANY monthly repayment is missed Furness Building Society will give you 30 days notice to close the account and a cheque will be issued for the balance.

Charitable Assignment Scheme

All new savers opening share accounts must sign a declaration agreeing to assign any future windfall rights to the Charities Aid Foundation. For more information please telephone us on Freephone 0800 834312.