Ordinary Share Account

A basic account with minimum restrictions on deposits and withdrawals.

Summary Box
Key Product Information for our Savings Accounts

Account Name

Ordinary Share Account.

Interest Rates (AERs)

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

For the 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 £1.00

Minimum out of area investment £1000.00

Maximum investment £100000.00

Withdrawal arrangements

Withdrawals can be made at any time.

Access

By branch or post.

HALF YEARLY INTEREST

• Minimum Balance £1
• Withdrawals: On Demand up to £500 in cash and larger amounts by cheque.

INVESTMENT (£)	GROSS %	NET %	AER %
1+	0.05	0.04	0.05

Minimum Balance

£1

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 is paid half yearly on 30th June and 31st December and added to your account.

Interest rates are variable.

Withdrawals

Withdrawals can be made at anytime subject to our usual limits.

Download Product Literature (1586 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.