Easy Access Saver
|What is the interest rate?||
The current interest rates are:
Gross means tax will not be deducted from the interest Furness Building Society pays on your savings.
AER stands for the Annual Equivalent Rate and illustrates what the interest rate would be if interest was paid and added each year (excluding bonuses).
Interest is variable, calculated on a daily basis and is paid annually on 31 December.
Interest can be added to your Easy Access Saver account, paid to another suitable Furness account or an external bank/building society account.
|Can Furness Building Society change the interest rate?||
As the interest rate is variable, we may change the rate if we reasonably believe that the change is needed. If we increase the rate we will tell you within 30 days of the change. If we reduce the rate we will tell you no less than 14 days before we make the change. For full details on how and why we will change the interest rate on your account, please refer to Section 7 of the General Savings Terms and Conditions.
|What would the estimated balance be after 12 months based on each interest rate tier?||
Based on the current rate of interest, if you deposited the minimum balances for each of the interest rate tiers, after 12 months you would have the following:
This figure is for illustration purposes and is based on no additional deposits, withdrawals or changes in interest rate within a 12 month period.
|How do I manage and open my account?||
Opening your account
To open an account the organisation must be registered in the UK and all individuals operating the account must be a permanent resident in the UK and over the age of 18.
Simply call into your local Furness branch, call us on 0800 834 312 or download an application form from our website.
When you open the account you will receive a passbook.
Minimum deposit £1 – Maximum deposit £500,000. You can add to your account at any time subject to the maximum savings limit. Payments into the account can be made by electronic payment, standing order or by cash or cheque at your local branch or agency. You may also send a cheque through the post. Please ensure that cheques are made payable to the account name and quote the account number on the payee line. To manage your account, visit us at a branch or agency or by sending us your written instructions.
|Can I withdraw money?||
You can withdraw from your account at any time without notice or penalty by visiting us at a branch or agency or by sending us your written instructions. You must always present your passbook to make a withdrawal or close your account.
For Corporate accounts, any withdrawals from must be made by cheque payable to the organisation or bank transfer directly to a bank account in the name of the organisation.
Please note that the Furness offers other products for organisations and if you would like details, please ask at your local branch or agency, call us on 0800 834 312 or visit our website. You must read the General Savings Terms and Conditions and Other Important Information leaflet to ensure you fully understand how your account works and your responsibilities as an account holder.
Please confirm you have read the important information below. Only when you have read the information and fully understand how the account works should you click to download the application form. We recommend that you print a copy of the documents for your records and keep them in a safe place.