Star Account

This popular account offers a very attractive rate of interest to encourage young savers.

Summary Box
Key Product Information for our Savings Accounts

Account Name

Children’s Star Account

Interest Rates (AERs)

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

For current rates, please refer to 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 £1.00

Maximum investment £100000.00

Withdrawal arrangements

Withdrawals can be made at any time.

Access

By branch or post.

HALF YEARLY INTEREST

INVESTMENT (£)	GROSS %	NET %	AER %
1+	0.80	0.64	0.80

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.

Maximum Age

Interest

If the account is opened with £10 or more you will receive a gift of either one of our limited edition model vans or a special Shepshed teddy bear. The choice is yours.

Young savers will also receive a birthday card each year.

Additional payments can be made to your account at any time

Interest is paid half yearly on 30th June and 31st December and credited to the account.

Withdrawals

Withdrawals are available at any time subject to our usual limits.

Download Product Literature (1978 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.