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28 Day Account


A good rate of interest for only 28 days notice.

Summary Box
Key Product Information for our Savings Accounts

 

Account Name

 

 

28 Day Share Account

 

Interest Rates (AERs)

 

Interest is paid twice yearly on 30th June and 31st December each year. Interest rate is tiered and variable.

 

For current rate, 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 £100.00

Minimum out of area investment £1000.00

Maximum investment £100000.00

 

 

Withdrawal arrangements

 

Withdrawals can be made at any time subject to 28 days notice or immediately with loss of 28 days interest on the amount withdrawn.

 

Access

 

 

By branch or post.

HALF YEARLY INTEREST
INVESTMENT (£)
GROSS %
NET %
AER %
25,000+
0.30
0.25
0.30
10,000+
0.20
0.16
0.20
5,000+
0.15
0.12
0.15
500+
0.10
0.08
0.10
100+
0.10
0.08
0.10

 

Minimum Balance

£100

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

Tiered interest rates means you earn even more interest as your balance increases.

Interest is paid half yearly on 30th June and is usually added direct to your account or it can be transferred to another Shepshed or bank account of your choice

Interest rates are variable.
Withdrawals You can make withdrawals at anytime. All we ask is that you give us 28 days notice, alternatively you can have immediate access to your money, subject to a 28 day interest penalty on the amount you withdraw.
  Download Product Literature (2306 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.




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