It might suit you if you are happy to wait for a specified amount of time to access your cash, in return for a higher rate of interest. It specifies exactly how long that period of time would be. A monthly interest option may be available for income purposes.
The Society is required by the Financial Conduct Authority to provide you with certain key information about this account in the form of a Summary Box. You should read this to enable you to make an informed decision and compare our product with those of other providers. Below, you have the option to download and print or save the full summary box, view elements of it one-by-one, or expand the accordion further down this page and view the full product details in one go.
30 Day Notice Account45 Day Notice Account 60 Day Notice Account 90 Day Notice Account
This might suit you if
- You are happy to give 60 days’ notice for all withdrawals
- You are looking to earn a higher rate of interest
- You would like the option of receiving your interest monthly,
to top up your income - You’d like a passbook, so that you can watch your savings grow
60 Day Notice Account
4.60%
Variable / 4.60% Gross*/ 4.60% AER** - Annually Variable / 4.55% Gross* / 4.65% AER** - Monthly
Save from £5,000
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Summary Box
60 Day Notice.
Balances under £5,000 will attract the lowest rate from the Instant Access Account.
Annual Interest
| 4.60% Gross* AER** | for balances £5,000+ |
Interest is calculated daily and added annually on 31st December at close of business.
Monthly Interest
| 4.55% Gross*/4.65% AER** | for balances £5,000+ |
Monthly Interest is calculated daily and is credited on the last working day of the month. Monthly Interest can either be paid back into the account or paid away to a different nominated account.
Yes, the interest rate for this account is variable.
Refer to the Cash ISA and General Savings Terms & Conditions and the Framework Contract for Payment Services for full details.
Annual Interest
| Deposit |
Annual Interest (Assuming interest paid back into the account) |
Monthly Interest (Paid to nominated account other than the 60 Day Notice account)
|
| £5,000.00 | £5,230.00 | £5,000.00 (Total monthly interest paid in 12 instalments over 12 months would be £227.50) |
These figures are for illustration purposes only, and assume no further deposits, withdrawals or interest rate changes.
This account can be opened if:
You are resident and tax resident in the UK.
You pay in at least £5,000.
How to open the account
Fill out and sign the application form which can be obtained in branch, on our website or by calling us.
Provide identification (examples in our “Verifying your Identity” list)
Send us at least £5,000 by bank transfer or cheque payable to yourself.
To request a application pack please click the following link – https://forms.office.com/e/Wby16UvF64?embed=true”
How to close the account
60 calendar day notice required (except in the event of death being registered with the Society for any party to the account).
Managing your account
This account can be managed in branch or by post.
Please contact us if you need assistance from us or someone else.
YES, by giving us 60 calendar days notice.
No immediate withdrawals, including interest credits.
Notice:
Only one notice period at a time.
After 60 days you have 7 further calendar days in which to take out the money.
If your request or the 60th day falls on a non-business day, the next business day will be used.
Refer to our General Savings Terms and Conditions for more information on taking money out.
Refer to our Cash ISA and General Savings Terms & Conditions and the Framework Contract for Payment Services for more information on withdrawals.
*Gross rate – the contractual rate of interest to be paid on a savings account without any deduction being made in made in respect of potential tax liability.
**AER – stands for Annual Equivalent Rate and illustrates what the interest rate would be if interest was paid and compounded once each year.
Income Tax – Tax treatment depends on the individual circumstances of each customer and may be subject to change in the future by HM Revenue & Customs.
How to apply
To apply, please complete the application form below and either call in to our branch or send the completed form with your opening deposit to the Beverley Building Society at 57 Market Place, Beverley, East Yorkshire, HU17 8AA
Forms, guides and Ts & CsFSCS Information Sheet and Exclusions List
