St. Mary's Hospice Community Account

Apply online, by post or in branch

Product Overview

What do these terms mean?

  • Interest Rate is how much you would earn by saving with us, based on a percentage of your total savings.

 

  • AER (Annual Equivalent Rate) is the interest rate used for comparisons to show how much interest you’ll earn over one year.

 

  • Start saving from refers to the minimum amount required to open that savings account.

 

  • Account type refers to the type of savings account.

Account type

Everyday Savings

Start saving from

Current Interest Rate

£1

2.25% Gross/AER

Start saving from

Current Interest Rate

£1

2.25% Gross/AER

What do these terms mean?

  • Interest Rate is how much you would earn by saving with us, based on a percentage of your total savings.

 

  • AER (Annual Equivalent Rate) is the interest rate used for comparisons to show how much interest you’ll earn over one year.

 

  • Start saving from refers to the minimum amount required to open that savings account.

 

  • Account type refers to the type of savings account.

Key Features
Open online
Instant access
Regular deposits

A great way to save and support your charity is with a St. Mary's Hospice Affinity Account.

St Mary's Hospice is the dedicated provider in South Cumbria of comprehensive specialised supportive and palliative care for people with life-limiting conditions. Its facilities and services are available to all adults who are facing the end of life, and to their families, carers and the bereaved.

Patients with life-limiting illnesses are cared for at the Hospice, as inpatients or by attendance at day clinics or therapy sessions, and - increasingly - at home.

At St Mary's Hospice, care is provided free of charge, but it is not cost-free. Maintaining its services costs around £2.4 million a year, of which it has to raise £2 million (£6000 per day) from its supporters.

This account is great if...

  • You’d like to start saving from £1
  • You want to make regular deposits and withdrawals
  • You’re a UK resident aged 16 or above 
  • You’d like to support St Mary’s Hospice

 

You might want to open a different account if...

  • You want to lock your savings away for a fixed period

Summary Box for the St. Mary's Hospice Community Account

Account Name St Mary’s Hospice Community Account
What is the interest rate?

The current interest rate is: 2.25% Gross / 2.25% AER

Interest is variable, calculated on a daily basis and is paid annually on 31 December.

Interest can be added to your Furness Community 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 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 Investment Terms and Conditions.

What would the estimated balance be after 12 months based on a £1,000 deposit?

Based on the current rate of interest, if you deposited £1,000 in this account, after 12 months you would have £1,022.50.

This figure is for illustration purposes and is based on no additional deposits, withdrawals or changes in interest rate within the 12 month period.

How do I open and manage my account?

Opening your account

To open your account you must be permanently resident in the UK.

Simply call into your local Furness branch or agency, call Furness Direct on 0800 834 312 or you can apply online below.

You will need to provide some identification when you open your account and details of our requirements can be obtained from your local branch or agency, by contacting Furness Direct or on our website. If you are already a Furness customer, in most cases this will not be necessary. When you open your account you will receive a passbook.

Savings limits and additional investments

Minimum investment £1 - Maximum investment £250,000 (£500,000 in a joint account). You can add to your account at any time subject to the maximum investment limit.

Payments into the account can be made by faster 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 holder 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.

Please note that branch and agency limits apply to cash withdrawals.

If you open this account online you will not be able to withdraw from your savings for 14 days after we receive your initial opening payment.

Additional information

Furness Building Society will make a cash payment to St. Mary's Hospice each year equal to 0.50% of the average total balance held in all St Mary's Hospice Affinity Accounts.

Please note that the Furness offers other Access Accounts and if you would like details, please ask at your local branch or agency, call Furness Direct on 0800 834 312 or visit our website.

You must read the General Investment Terms and Conditions and Other Important Information leaflet to ensure you fully understand how your account works and your responsibilities as an account holder.

AER stands for Annual Equivalent Rate and illustrates what the interest rate would be if interest is paid and added to your account each year. From 6 April 2016, if the total Savings interest you receive in a tax year is more than any Personal Savings Allowance that applies to you, you may have to pay tax on it. You will need to do this directly with HMRC, as Banks and Building Societies no longer deduct tax from your account interest. From 6 April 2016, if you’re a basic rate tax payer you’ll be able to earn up to £1,000 in savings income, tax free. Higher rate tax payers will be able to earn up to £500. Additional rate tax payers will not receive any savings interest tax allowance.

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