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90 Day Account



Excellent rates of interest with a minimum balance of only £500 and a monthly income facility.

Summary Box
Key Product Information for our Savings Accounts

 

Account Name

 

 

90 Day Share Account

 

Interest Rates (AERs)

 

Annual interest is paid on 31st December each year. Monthly interest is paid on the last working day of each month. 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 £500.00

Minimum out of area investment £1000.00

Maximum investment £100000.00

 

 

Withdrawal arrangements

 

Withdrawals can be made at any time subject to 90 days notice period or by payment of a penalty equivalent to 90 days interest on the amount withdrawn.

 

Access

 

 

By branch or post.

ANNUAL INTEREST
INVESTMENT (£)
GROSS %
NET %
AER %
75,000+
0.55
0.44
0.55
50,000+
0.40
0.32
0.40
25,000+
0.25
0.20
0.25
10,000+
0.15
0.12
0.15
5,000+
0.10
0.08
0.10
500+
0.10
0.08
0.10

 
MONTHLY INTEREST
INVESTMENT (£)
GROSS %
NET %
AER %
75,000+
0.55
0.44
0.55
50,000+
0.40
0.32
0.40
25,000+
0.15
0.12
 0.15
10,000+
0.10
0.08
0.10
5,000+
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 or interest can be paid monthly.

You have the choice of having your interest paid monthly or annually to your account or paid into an alternative Shepshed or Bank Account.

Interest rates are variable.
Withdrawals Withdrawals can be made at any time subject to 90 days notice or 90 days loss of interest on the amount withdrawn.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 (1908 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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