Double Access Saver (Issue 2)

The current interest rate is 3.65% Gross/AER*

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

Interest can be added to your Double Access Saver (Issue 2) account, paid to another suitable Furness account or an external bank/building society account in your own name.

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 Savings Terms and Conditions.

Based on the current interest rate, if you deposited £1,000.00 in this account, after 12 months you would have £1,036.50.

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

Opening your account

To open an account your must be a permanent resident in the UK and over the age of 16.

Simply call into your local Furness branch, call Furness directly on 0808 239 2534 or access the online application form. 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 by calling us. If you are already a Furness customer, in most cases this will not be necessary. When you open your account in branch you will receive a passbook.

A maximum of one single and one joint Double Access Saver (Issue 2) account can be opened per person.

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. You may also send a cheque through the post. Please ensure that cheques are made payable to yourself and quote the account number on the payee line. Payments must be made from an account in your own name.

To manage your account you can login to your account via the Furness Savings app or on our website, contact us via phone, visit us at your local Furness branch, or send us your written instructions

You can withdraw from your account without notice or penalty via our app, by visiting us at a branch, by telephone or by sending us your written instructions. You must always present your passbook to make a withdrawal in branch or by post. If you make a withdrawal by telephone you should visit a branch or post your passbook for updating at your earliest convenience. If closing your account in branch, you must always present your passbook.

The Double Access Saver (Issue 2) allows up to two withdrawals to be made in an anniversary year. If more than two withdrawals are required in the anniversary year, we will transfer your account to an access account, and the relevant terms and conditions and rates will apply.

Please note that branch limits apply to cash withdrawals.

Please note that the Furness offers other savings accounts and if you would like details, please ask at your local branch, 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.

When interest is paid Gross this means tax will not be deducted from the interest Furness Building Society pays on your savings.

This product is a limited offer and can be withdrawn at any time and without prior notice. 

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 you’re a basic rate tax payer you’ll be able to earn up to £1,000 in savings income tax-free. Higher rate taxpayers will be able to earn up to £500. Additional rate taxpayers will not receive any allowance. This is called the Personal Savings Allowance. This means that most people will no longer pay tax on savings interest. Banks and building societies will stop deducting tax from your account interest.