120 Day Account

This new product offers excellent rates of interest with a minimum balance of only £500.

Summary Box
Key Product Information for our Savings Accounts

Account Name

120 Day Share Account

Interest Rates (AERs)

Interest is paid annually on 31^st December each year. Interest rate is tiered and variable.

For current rates, please refer to our interest rate leaflet.

Tax Status

If you are entitled to receive interest without paying income tax, fill in an Inland Revenue Form R85. You can obtain one from the Society. If you don’t know whether you can obtain interest without paying tax, ask your nearest Tax Enquiry Centre or Tax Office. If you are investing on behalf of an organisation which qualifies for gross interest, please ask for a special declaration form.

Conditions for bonus payments

Minimum investment £500.00

Minimum out of area investment £1000.00

Maximum investment £100000.00

Withdrawal arrangements

Withdrawals can be made at any time subject to 120 days notice period or by payment of a penalty equivalent to 120 days interest on the amount withdrawn.

Access

By branch or post.

ANNUAL INTEREST

INVESTMENT (£)	GROSS %	NET %	AER %
50,000+	1.00	0.80	1.00
25,000+	0.70	0.56	0.70
10,000+	0.50	0.40	0.50
5,000+	0.30	0.24	0.30
500+	0.10	0.08	0.10

Minimum Balance

£500

All customers living outside the Society's operating area require a minimum balance of £1000 to operate an account. The Society's normal operating area is Leicestershire, Derbyshire and Nottinghamshire.

Interest

Interest rates paid to the account are tiered, so the more you invest the more you earn.

Interest is paid annually on 31st December.

Interest rates are variable.

Withdrawals

Withdrawals can be made at any time subject to 120 days notice or 120 days loss of interest on the amount withdrawn.

Subject to our standard withdrawal conditions.
You can withdraw up to £500 in cash per day (larger amounts by arrangement)

Cheque withdrawals for larger amounts may be made on demand.

Download Product Literature (1668 KB)

Shepshed Building Society, Bull Ring, Shepshed, Leics, LE12 9QD is authorised and regulated by the Financial Services Authority. Our Financial Services Authority registration number is 206067. You can check this on the FSA's register by visiting the FSA's website www.fsa.gov.uk/register or by contacting the FSA on 0845 606 1234.