Club 60 Day
Club together and make organising your account easier
|Gross* / AER** %|
Interest is paid annually on 30 June and can be added to your Club 60 Day account or direct to the club’s bank account.
No interest is paid on balances that fall below the minimum of £10,000.
*Interest is paid without tax deducted. Some savers will be required to pay tax on savings interest; this should be arranged directly with HMRC through your tax return.
**AER stands for Annual Equivalent Rate and illustrates what the interest rate would be if interest was paid and added once each year.
This projection is for illustrative purposes only.
If £10,000 was deposited on 1 July, assuming no further deposits or withdrawals are made and interest is added to the account, on 30 June the account balance would be £10,125.00
You can open and manage this account online or in branch.
You must fund the account within seven days of opening.
Signatories must be permanent UK residents and aged 18 or over.
The club’s head office must be located in LE and NN postcode areas.
You can pay into your account by electronic payment or by cheque.
Cash deposits are not permitted.
The minimum balance is £10,000 and the maximum balance is £500,000 per club.
Customers may hold more than one Club 60 Day account, but the maximum holding in all accounts with the Society is £500,000 per club.
This product may be withdrawn from sale at any time without notice.
We reserve the right to prohibit any further deposits into this product.
We reserve the right to close your account and return the funds to you.
For full terms and conditions for savings accounts, please see separate leaflet.