Savings - Penrith Building Society

Instant Access Share

2.00%

Gross rate / 2.00% AER

Rate Type

Variable

Access

Yes

Interest Paid

Annually

Availability

Branch
Post

~~Online~~

For savers with short-term goals in mind, an Instant Access account is an option well worth considering. Whether you’re saving for a holiday, new car, or wedding – or just putting a little aside for a rainy day – an Instant Access savings account can provide the flexibility required to get to your funds easily whenever they’re needed.

Contact Us

Find out more

What is the interest rate?	The interest rate is 2.00% +Gross Rate% / ^AER%
	Interest is variable, calculated daily and paid on the 31st December. This can be added to your account balance, or paid to another bank or building society account by BACS transfer.
Can Penrith Building Society change the interest rate?	Yes – the rate of interest paid on your account is variable and may be changed by us. Where we do so, we will give you reasonable notice in advance of the change. For further details refer to our Savings Accounts Terms and Conditions.
What would the estimated balance be after 12 months based on a £1,000 deposit?	Based on the rate of interest, if you deposited £1,000 in this account, after 12 months the balance would be £1,020.00. This figure is provided for illustration purposes only. It is based on no transactions or changes to interest rates after the initial deposit.
How do I open and manage my account?	Opening your account This account is available to UK residents over 16 and can be opened in branch or by post, application packs can be downloaded from our website Savings – Penrith Building Society You will need to provide identification and national insurance number when you open your account, details can be found on our website ID-REQUIREMENTS-V1.30.pdf Savings limits & additional deposits Minimum investment £1 The total limit on your combined savings with us should not exceed £350,000 You will receive a passbook to help keep track of your savings Payments into the account can be made by faster payment, standing order, or by cash or cheque in branch. You may also send a cheque through the post. Please ensure that cheques are made payable to yourself and quote the account number on the payee line Payment of the funds into your account can only be made in £ sterling.
Can I withdraw money?	You can withdraw from your account at any time without notice or penalty by visiting branch with your passbook. Please note that branch limits apply to cash withdrawals. Alternatively you can make withdrawal requests by post, please enclose your passbook with any requests.
Additional Information	Tax treatment depends on individual circumstances and may be subject to change in the future.

+ Gross Rate is the rate of interest payable (without deduction of tax) and you will be responsible for paying tax you owe on interest as per your individual circumstances.
^ AER stands for annual equivalent rate and illustrates what the interest rate would be if interest was paid and compounded once each year.

We always try to provide a first-class service. Occasionally however things can go wrong. If they do we will try to put them right. If you wish to make a complaint, our complaints procedures are detailed in the Savings Accounts Terms and Conditions.

If you would like to talk to us about your account you can

- - - speak to a member of staff at our branch office at 7 King Street, Penrith, Cumbria. CA11 7AR
    - Call one of our team on 01768 863675
    - Email our savings team at savings@penrithbs.co.uk
    - Visit our website www.penrithbs.co.uk

DOWNLOAD SUMMARY BOX AS A PDF

DOWNLOAD THE SAVINGS ACCOUNTS TERMS AND CONDITIONS

ISA Issue 3

3.20%

Tax free rate / 3.20% AER

Rate Type

Variable

Access

Yes

Interest Paid

Annually

Availability

Branch
Post

~~Online~~

Put simply, a Tax-Free account means you don’t have to pay tax on the interest that you earn. With other savings accounts, the interest you earn is paid on a gross basis (without the deduction of tax), but you may still have an obligation to pay tax on it if the sum earned is above a certain level.

Contact Us

Find out more

What is the interest rate?	The interest rate is 3.20% +Gross Rate% / ^AER%
	Interest is calculated daily and added to your account balance on the 5th April.
Can Penrith Building Society change the interest rate?	Yes – the rate of interest paid on your account is variable and may be changed by us. Where we do so, we will give you reasonable notice in advance of the change. For further details refer to our Savings Accounts Terms and Conditions.
What would the estimated balance be after 12 months based on a £1,000 deposit?	Based on the rate of interest, if you deposited £1,000 in this account, after 12 months the balance would be £1,032.00. This figure is provided for illustration purposes only. It is based on no transactions or changes to interest rates after the initial deposit.
How do I open and manage my account?	Opening your account This account is available to UK residents over 18 and living in Cumbria only The account can be opened in branch or by post, application packs can be downloaded from our website Savings – Penrith Building Society You will need to provide identification and national insurance number when you open your account, details can be found on our website ID-REQUIREMENTS-V1.30.pdf This account is limited to one account per individual customer (joint accounts are not permitted) Savings limits & additional deposits Minimum investment £100.00, we also allow full and partial ISA transfers into this account Maximum annual subscription limit for the tax year 2025/26 is £20,000 Maximum balance is £100,000 The total limit on your combined savings with us should not exceed £250,000 You will receive a passbook to help keep track of your savings Payments into the account can be made by faster payment, standing order, or by cash or cheque in branch. You may also send a cheque through the post. Please ensure that cheques are made payable to yourself and quote the account number on the payee line Payment of the funds into your account can only be made in £ sterling.
Can I withdraw money?	You can withdraw from or transfer your account to another ISA provider at any time without notice or penalty by visiting the branch with your passbook, or by written postal request. When withdrawing, the balance should not go below the minimum of £100.00. If the balance goes below £100.00 your account will be closed unless we have received instructions to transfer the remaining balance to another ISA provider. It is important to note that this is not a flexible ISA, if you have subscribed your maximum annual subscription for the current tax year and withdraw all or part of this, you cannot pay this back into your ISA. You can make a partial or full transfer to another ISA provider.
Additional Information	Your ISA savings are tax exempt and do not count towards your personal allowance. The tax treatment of ISA’s may be subject to change in the future.

+ Gross Rate is the rate of interest payable (without deduction of tax) and you will be responsible for paying tax you owe on interest as per your individual circumstances.
^ AER stands for annual equivalent rate and illustrates what the interest rate would be if interest was paid and compounded once each year.

We always try to provide a first-class service. Occasionally however things can go wrong. If they do we will try to put them right. If you wish to make a complaint, our complaints procedures are detailed in the Savings Accounts Terms and Conditions.

If you would like to talk to us about your account you can

- - - speak to a member of staff at our branch office at 7 King Street, Penrith, Cumbria. CA11 7AR
    - Call one of our team on 01768 863675
    - Email our savings team at savings@penrithbs.co.uk
    - Visit our website www.penrithbs.co.uk

DOWNLOAD SUMMARY BOX AS A PDF

DOWNLOAD THE SAVINGS ACCOUNTS TERMS AND CONDITIONS

Key Features of the Cash ISA Issue 3

The Financial Conduct Authority is a financial services regulator. It requires us, Penrith Building Society, to give you this important information to help you decide whether our Cash ISA Issue 3 is right for you. You should read this document carefully so that you understand what you are buying, and then keep it safe for future reference.
An ISA can be a Cash ISA, a Stocks and Shares ISA, an Innovative Finance ISA or a Lifetime ISA (LISA). Here at Penrith Building Society we only offer Cash ISA savings accounts and the ISA explained in this leaflet is a Cash ISA. We also offer an Additional Permitted Subscription (APS) ISA and a Junior ISA, please ask in branch for separate details and terms and conditions.
If you are an adult, then in any tax year you can pay into one Cash ISA, one Stocks and Shares ISA, one Innovative Finance ISA and one Lifetime ISA (LISA). You can save up to the limit in any type or a combination of all four. Your ISAs can be with the same provider if they offer all types or with different providers. A tax year runs from 6th April in one year to 5th April the following year.

There is no tax to pay on your Cash ISA interest and this does not count towards your Personal Savings Allowance, for more information on this please visit www.gov.uk and search for Personal Savings Allowance.

Eligibility
To apply for an ISA Issue 3 you must:

Be an individual age 18 or over
Be resident in the United Kingdom or, if not so resident, be performing duties as a Crown employee serving overseas and paid out of the public revenue of the United Kingdom (typically a serving member of the armed forces, or a diplomat), or be married to, or in a civil partnership with, such a person
Provide a National Insurance number and date of birth
Provide confirmation of identity and address, details of identification requirements are available in branch or online at www.penrithbs.co.uk
Not have exceeded the overall subscription limit.
In certain circumstances we will accept applications signed by somebody acting on behalf of a physically or mentally incapacitated investor
An ISA Issue 3 cannot be opened before a valid application form is completed and held by us.

General Operation

The Penrith Building Society ISA Issue 3 is available in branch or by post
The minimum opening deposit and operating balance is £100
Transfers into the ISA Issue 3 are permitted
You may transfer your ISA Issue 3 to another provider, this can be transferred in full or partial transfer from this account.
Deposits can be made in cash or by cheque, at the Society’s branch, or by post, you will receive a passbook to help keep track of your savings.

Can I transfer my Cash ISA from another provider to the Penrith Building Society?
Yes, the ISA issue 3 accepts both full and partial transfers up to the account limit.

Can I transfer my Penrith Building Society Cash ISA to another provider?
Yes, subject to the new ISA Manager agreeing to accept the transfer. Transfers to other Cash ISA providers are permitted and are penalty free. If you ever wish to transfer your Penrith Building Society Cash ISA to another provider you will need to complete a Cash ISA Transfer Application form with your new provider, who will forward the request to us. You will need to send us your passbook and can do this direct, or via your new Cash ISA provider.

What if I change my mind?
You have 14 days after the date that your account is opened to change your mind. You can cancel your investment by letting us know in writing during this period and your cancelled Cash ISA will not count as an ISA subscription. Any interest that you have earned on your savings during this period will be paid gross.

Are you a new customer to Penrith Building Society?
If you are a new customer, you will need to provide some form of identification and verification of address. Details of acceptable documentary evidence accompany this factsheet. You will also need to provide us with your National Insurance number.

The Financial Services Compensation Scheme
Penrith Building Society is a participant of the Financial Services Compensation Scheme (FSCS) and your deposits are protected under this scheme.

For further information about the compensation provided by the FSCS, refer to the FSCS website at www.fscs.org.uk

Complaints
The Society always tries to provide a first class service. Occasionally, however, things can go wrong. If they do, we will try to put them right. If you wish to make a complaint, the Society’s complaints procedures are detailed in the Terms and Conditions for Investments Accounts booklet.

Further Information
Information on ISAs can be obtained from the HMRC ISA Helpline on 0300 200 3312, or by visiting www.gov.uk/individual-savings-accounts

General Terms & Conditions

You must be, and must remain, the beneficial owner of the funds in the account. The account cannot be used as security for a loan
The Society does not have to recognise the interest or claim of any person other than the account holder in respect of money held in any account, nor will the Society be liable in any way for failing to recognise such interest or claim, except as required by law
The holder of a Penrith Building Society ISA Issue 3 is a member of the Society and as such is bound by the Rules of the Society as they apply from time to time. A copy of the Rules can be obtained on request on opening the account. In the event that a member loses his/her copy of the Rules and wishes to obtain a replacement, a nominal charge of £1.00 will be levied
Penrith Building Society will satisfy itself that any person to whom it delegates any of its functions or responsibilities under the terms agreed with the investor is competent to carry out those functions and responsibilities
These conditions should be read in conjunction with the Society’s Terms & Conditions for Investment Accounts booklet, which also contains details of the Society’s complaints procedures. It is important that the details set out in both this document and the booklet are read through carefully before you open the account
The account must not be a joint account or held on behalf of a person other than the account holder
The account will be operated in accordance with prevailing rules and regulations and legislation, which may, of course, be varied from time to time by the Government
Penrith Building Society will notify you, if by reason of any failure to satisfy the provisions of the ISA regulations, your Penrith Building Society ISA Issue 3, has, or will become void
The minimum operating balance is £100
On instructions received from you, your ISA Issue 3, with all rights and obligations, shall be transferred to another ISA manager in accordance with the ISA Regulations relating to transfers. On receipt of your transfer instructions from your new ISA Manager, we will send your funds and accompanying information to them within 5 business days from the date of receipt
On your instructions and within the time stipulated by you all the investments held in the ISA Issue 3 and the proceeds arising from those investments shall be transferred or paid to you
The Penrith Building Society ISA Issue 3 can run from one tax year to the next, but if there is a break between subscriptions which lasts for a whole tax year, you must make a fresh application before subscriptions can recommence

90 Day Notice ISA

3.60%

Tax free rate / 3.60% AER

Rate Type

Variable

Access

With notice

Interest Paid

Annually

Availability

Branch

~~Post~~
~~Online~~

Put simply, a Tax-Free account means you don’t have to pay tax on the interest that you earn. With other savings accounts, the interest you earn is paid on a gross basis (without the deduction of tax), but you may still have an obligation to pay tax on it if the sum earned is above a certain level.

Contact Us

Find out more

What is the interest rate?	The interest rate is 3.60% +Gross Rate% / ^AER%
	Interest is calculated daily and added to your account balance on the 5th April.
Can Penrith Building Society change the interest rate?	Yes – the rate of interest paid on your account is variable and may be changed by us. Where we do so, we will give you reasonable notice in advance of the change. For further details refer to our Savings Accounts Terms and Conditions.
What would the estimated balance be after 12 months based on a £1,000 deposit?	Based on the rate of interest, if you deposited £1,000 in this account, after 12 months the balance would be £1,036.00. This figure is provided for illustration purposes only. It is based on no transactions or changes to interest rates after the initial deposit.
How do I open and manage my account?	Opening your account This account is available to UK residents over 18 The account can be opened in branch or by post, application packs can be downloaded from our website Savings – Penrith Building Society You will need to provide identification and national insurance number when you open your account, details can be found on our website ID-REQUIREMENTS-V1.30.pdf This account is limited to one account per individual customer (joint accounts are not permitted) Savings limits & additional deposits Minimum investment £100, we also allow full and partial ISA transfers into this account Maximum annual subscription limit for the tax year 2025/26 is £20,000 The total limit on your combined savings with us should not exceed £250,000 You will receive a passbook to help keep track of your savings Payments into the account can be made by faster payment, standing order, or by cash or cheque in branch. You may also send a cheque through the post. Please ensure that cheques are made payable to yourself and quote the account number on the payee line Payment of the funds into your account can only be made in £ sterling.
Can I withdraw money?	Yes, withdrawals can be made by giving us 90 days’ notice. You can do this by visiting branch with your passbook. Full or partial transfers are subject to 90 days interest penalty if the 90 day notice period is not given. Withdrawals cannot be made without serving the notice period. Alternatively you can make withdrawal requests by post, please enclose your passbook with any requests. When withdrawing, the balance should not go below the minimum of £100. If the balance goes below £100 your account will be closed unless we have received instructions to transfer the remaining balance to another ISA provider. It is important to note that this is not a flexible ISA, if you have subscribed your maximum annual subscription for the current tax year and withdraw all or part of this, you cannot pay this back into your ISA. You can make a partial or full transfer to another ISA provider.
Additional Information	Your ISA savings are tax exempt and do not count towards your personal allowance. The tax treatment of ISA’s may be subject to change in the future.

+ Gross Rate is the rate of interest payable (without deduction of tax) and you will be responsible for paying tax you owe on interest as per your individual circumstances.
^ AER stands for annual equivalent rate and illustrates what the interest rate would be if interest was paid and compounded once each year.

We always try to provide a first-class service. Occasionally however things can go wrong. If they do we will try to put them right. If you wish to make a complaint, our complaints procedures are detailed in the Savings Accounts Terms and Conditions.

If you would like to talk to us about your account you can

- - - speak to a member of staff at our branch office at 7 King Street, Penrith, Cumbria. CA11 7AR
    - Call one of our team on 01768 863675
    - Email our savings team at savings@penrithbs.co.uk
    - Visit our website www.penrithbs.co.uk

DOWNLOAD SUMMARY BOX AS A PDF

DOWNLOAD THE SAVINGS ACCOUNTS TERMS AND CONDITIONS

Key Features of the 90 day notice ISA

The Financial Conduct Authority is a financial services regulator. It requires us, Penrith Building Society, to give you this important information to help you decide whether our 90 Day Notice ISA is right for you. You should read this document carefully so that you understand what you are buying, and then keep it safe for future reference. An ISA can be a Cash ISA, a Stocks and Shares ISA, an Innovative Finance ISA or a Lifetime ISA (LISA). Here at Penrith Building Society we only offer Cash ISA savings accounts and the ISA explained in this leaflet is a Cash ISA. We also offer an Additional Permitted Subscription (APS) ISA and a Junior ISA, please ask in branch for separate details and terms and conditions.

If you are an adult, then in any tax year you can pay into one Cash ISA, one Stocks and Shares ISA, one Innovative Finance ISA and one Lifetime ISA (LISA). You can save up to the limit in any type or a combination of all four. Your ISAs can be with the same provider if they offer all types or with different providers. A tax year runs from 6th April in one year to 5th April the following year.

There is no tax to pay on your Cash ISA interest and this does not count towards your Personal Savings Allowance, for more information on this please visit www.gov.uk and search for Personal Savings Allowance.

Eligibility

To apply for a 90 Day Notice ISA, you must:

Be an individual age 18 or over
Be resident in the United Kingdom or, if not so resident, be performing duties as a Crown employee serving overseas and paid out of the public revenue of the United Kingdom (typically a serving member of the armed forces, or a diplomat), or be married to, or in a civil partnership with, such a person
Provide a National Insurance number and date of birth
Provide confirmation of identity and address, details of identification requirements are available in branch or online at www.penrithbs.co.uk
Not have exceeded the overall subscription limit.
In certain circumstances we will accept applications signed by somebody acting on behalf of a physically or mentally incapacitated investor.
A 90 Day Notice ISA cannot be opened before a valid application form is completed and held by us.

General Operation

The Penrith Building Society 90 Day Notice ISA is available in branch or by post
The minimum opening deposit and operating balance is £100
Transfers into the 90 Day Notice ISA are permitted.
You may transfer your 90 Day Notice ISA to another provider, this can be transferred in full or a partial transfer from this account.
Deposits can be made in cash or by cheque, at the Society’s branch, or by post, you will receive a passbook to help keep track of your savings.

Can I transfer my Cash ISA from another provider to the Penrith Building Society?

Yes, the 90 Day Notice ISA accepts both full and partial transfers in up to the account limit.

Can I transfer my Penrith Building Society 90 Day Notice ISA to another provider?

Yes, subject to the new ISA Manager agreeing to accept the transfer. Transfers to other Cash ISA providers are permitted and are subject to a 90 day interest penalty.. If you ever wish to transfer your Penrith Building Society 90 Day Notice ISA to another provider you will need to complete a Cash ISA Transfer Application form with your new provider, who will forward the request to us. You will need to send us your passbook and can do this direct, or via your new Cash ISA provider.

What if I change my mind?

You have 14 days after the date that your account is opened to change your mind.You can cancel your investment by letting us know in writing during this period and your cancelled 90 Day Notice ISA will not count as an IS A subscription. Any interest that you have earned on your savings during this period will be paid gross.

Are you a new customer to Penrith Building Society?

If you are a new customer, you will need to provide some form of identification and verification of address. Details of acceptable documentary evidence accompany this factsheet.You will also need to provide us with your National Insurance number.

The Financial Services Compensation Scheme

Penrith Building Society is a participant of the Financial Services Compensation Scheme (FSCS) and your deposits are protected under this scheme.
For further information about the compensation provided by the FSCS, refer to the FSCS website at www.fscs.org.uk

Complaints

The Society always tries to provide a first-class service. Occasionally, however, things can go wrong. If they do, we will try to put them right. If you wish to make a complaint, the Society’s complaints procedures are detailed in the Terms and Conditions for Investments Accounts booklet.

Further Information

Information on ISAs can be obtained from the HMRC ISA Helpline on 0300 200 3312, or by visiting
www.gov.uk/individual-savings-accounts

General Terms & Conditions

You must be, and must remain, the beneficial owner of the funds in the account. The account cannot be used as security for a loan
The Society does not have to recognise the interest or claim of any person other than the account holder in respect of money held in any account, nor will the Society be liable in any way for failing to recognise such interest or claim, except as required by law
The holder of a Penrith Building Society 90 Day Notice ISA is a member of the Society and as such is bound by the Rules of the Society as they apply from time to time. A copy of the Rules can be obtained on request on opening the account. In the event that a member loses his/her copy of the Rules and wishes to obtain a replacement, a nominal charge of £1.00 will be levied.
Penrith Building Society will satisfy itself that any person to whom it delegates any of its functions or responsibilities under the terms agreed with the investor is competent to carry out those functions and responsibilities
These conditions should be read in conjunction with the Society’s Terms & Conditions for Investment Accounts booklet, which also contains details of the Society’s complaints procedures. It is important that the details set out in both this document and the booklet are read through carefully before you open the account
The account must not be a joint account or held on behalf of a person other than the account holder
The account will be operated in accordance with prevailing rules and regulations and legislation, which may, of course, be varied from time to time by the Government
Penrith Building Society will notify you, if by reason of any failure to satisfy the provisions of the ISA regulations, your Penrith Building Society 90 Day Notice ISA, has, or will become void
The minimum operating balance is £100
On instructions received from you, your 90 Day Notice ISA, with all rights and obligations, shall be transferred to another ISA manager in accordance with the ISA Regulations relating to transfers. On receipt of your transfer instructions from your new ISA Manager, we will send your funds and accompanying information to them within 5 business days from the date of receipt
On your instructions and within the time stipulated by you all the investments held in the 90 Day Notice ISA and the proceeds arising from those investments shall be transferred or paid to you
The Penrith Building Society 90 Day Notice ISA can run from one tax year to the next, but if there is a break between subscriptions which lasts for a whole tax year, you must make a fresh application before subscriptions can recommence

30 Day Notice Account

3.20%

Gross rate / 3.20% AER

Rate Type

Variable

Access

With notice

Interest Paid

Annually

Availability

Branch
Post

~~Online~~

Notice accounts may be suitable for you if you have a larger sum of money to invest that you do not need to access immediately.

Contact Us

Find out more

What is the interest rate?	The interest rate is 3.20% +Gross Rate% / ^AER%
	Interest is variable, calculated daily and paid on the 31st December. This can be added to your account balance, or paid to another bank or building society account by BACS transfer.
Can Penrith Building Society change the interest rate?	Yes – the rate of interest paid on your account is variable and may be changed by us. Where we do so, we will give you reasonable notice in advance of the change. For further details refer to our Savings Accounts Terms and Conditions.
What would the estimated balance be after 12 months based on a £1,000 deposit?	Based on the rate of interest, if you deposited £1,000 in this account, after 12 months the balance would be £1,032.00. This figure is provided for illustration purposes only. It is based on no transactions or changes to interest rates after the initial deposit.
How do I open and manage my account?	Opening your account This account is available to UK residents over 18 and can be opened in branch or by post, application packs can be downloaded from our website Savings – Penrith Building Society You will need to provide identification and national insurance number when you open your account, details can be found on our website ID-REQUIREMENTS-V1.30.pdf Savings limits & additional deposits Minimum investment £500 Maximum Investment £100,000 The total limit on your combined savings with us should not exceed £250,000 You will receive a passbook to help keep track of your savings Payments into the account can be made by faster payment, standing order, or by cash or cheque in branch. You may also send a cheque through the post. Please ensure that cheques are made payable to yourself and quote the account number on the payee line Payment of the funds into your account can only be made in £ sterling.
Can I withdraw money?	Yes, withdrawals can be made by giving us 30 days’ notice. You can do this by visiting branch with your passbook. A minimum balance of £500 must remain in the account to keep it open. Withdrawals cannot be made without serving the notice period. Alternatively you can make withdrawal requests by post, please enclose your passbook with any requests.
Additional Information	Tax treatment depends on individual circumstances and may be subject to change in the future.

+ Gross Rate is the rate of interest payable (without deduction of tax) and you will be responsible for paying tax you owe on interest as per your individual circumstances.
^ AER stands for annual equivalent rate and illustrates what the interest rate would be if interest was paid and compounded once each year.

We always try to provide a first-class service. Occasionally however things can go wrong. If they do we will try to put them right. If you wish to make a complaint, our complaints procedures are detailed in the Savings Accounts Terms and Conditions.

If you would like to talk to us about your account you can

- - - speak to a member of staff at our branch office at 7 King Street, Penrith, Cumbria. CA11 7AR
    - Call one of our team on 01768 863675
    - Email our savings team at savings@penrithbs.co.uk
    - Visit our website www.penrithbs.co.uk

DOWNLOAD SUMMARY BOX AS A PDF

DOWNLOAD THE SAVINGS ACCOUNTS TERMS AND CONDITIONS

60 Day Notice Account

3.40%

Gross rate / 3.40% AER

Rate Type

Variable

Access

With notice

Interest Paid

Annually

Availability

Branch
Post

~~Online~~

Notice accounts may be suitable for you if you have a larger sum of money to invest that you do not need to access immediately.

Contact Us

Find out more

What is the interest rate?	The interest rate is 3.40% +Gross Rate% / ^AER%
	Interest is variable, calculated daily and paid on the 31st December. This can be added to your account balance, or paid to another bank or building society account by BACS transfer.
Can Penrith Building Society change the interest rate?	Yes – the rate of interest paid on your account is variable and may be changed by us. Where we do so, we will give you reasonable notice in advance of the change. For further details refer to our Savings Accounts Terms and Conditions.
What would the estimated balance be after 12 months based on a £1,000 deposit?	Based on the rate of interest, if you deposited £1,000 in this account, after 12 months the balance would be £1,034.00. This figure is provided for illustration purposes only. It is based on no transactions or changes to interest rates after the initial deposit.
How do I open and manage my account?	Opening your account This account is available to UK residents over 18 and can be opened in branch or by post, application packs can be downloaded from our website Savings – Penrith Building Society You will need to provide identification and national insurance number when you open your account, details can be found on our website ID-REQUIREMENTS-V1.30.pdf Savings limits & additional deposits Minimum investment £500 Maximum Investment £100,000 The total limit on your combined savings with us should not exceed £350,000 You will receive a passbook to help keep track of your savings Payments into the account can be made by faster payment, standing order, or by cash or cheque in branch. You may also send a cheque through the post. Please ensure that cheques are made payable to yourself and quote the account number on the payee line Payment of the funds into your account can only be made in £ sterling.
Can I withdraw money?	Yes, withdrawals can be made by giving us 60 days’ notice. You can do this by visiting branch with your passbook. A minimum balance of £500 must remain in the account to keep it open. Withdrawals cannot be made without serving the notice period. Alternatively you can make withdrawal requests by post, please enclose your passbook with any requests.
Additional Information	Tax treatment depends on individual circumstances and may be subject to change in the future.

+ Gross Rate is the rate of interest payable (without deduction of tax) and you will be responsible for paying tax you owe on interest as per your individual circumstances.
^ AER stands for annual equivalent rate and illustrates what the interest rate would be if interest was paid and compounded once each year.

We always try to provide a first-class service. Occasionally however things can go wrong. If they do we will try to put them right. If you wish to make a complaint, our complaints procedures are detailed in the Savings Accounts Terms and Conditions.

If you would like to talk to us about your account you can

- - - speak to a member of staff at our branch office at 7 King Street, Penrith, Cumbria. CA11 7AR
    - Call one of our team on 01768 863675
    - Email our savings team at savings@penrithbs.co.uk
    - Visit our website www.penrithbs.co.uk

DOWNLOAD SUMMARY BOX AS A PDF

DOWNLOAD THE SAVINGS ACCOUNTS TERMS AND CONDITIONS

Limited Access ISA

3.40%

Tax free rate / 3.40% AER

Rate Type

Variable

Access

Limited

Interest Paid

Annually

Availability

Branch
Post

~~Online~~

Put simply, a Tax-Free account means you don’t have to pay tax on the interest that you earn. With other savings accounts, the interest you earn is paid on a gross basis (without the deduction of tax), but you may still have an obligation to pay tax on it if the sum earned is above a certain level.

Contact Us

Find out more

What is the interest rate?	The interest rate is 3.40% +Gross Rate% / ^AER%
	Interest is calculated daily and added to your account balance on the 5th April.
Can Penrith Building Society change the interest rate?	Yes – the rate of interest paid on your account is variable and may be changed by us. Where we do so, we will give you reasonable notice in advance of the change. For further details refer to our Savings Accounts Terms and Conditions.
What would the estimated balance be after 12 months based on a £1,000 deposit?	Based on the rate of interest, if you deposited £1,000 in this account, after 12 months the balance would be £1,034.00. This figure is provided for illustration purposes only. It is based on no transactions or changes to interest rates after the initial deposit.
How do I open and manage my account?	Opening your account This account is available to UK residents over 18 The account can be opened in branch or by post, application packs can be downloaded from our website Savings – Penrith Building Society You will need to provide identification and national insurance number when you open your account, details can be found on our website ID-REQUIREMENTS-V1.30.pdf This account is limited to one account per individual customer (joint accounts are not permitted) Savings limits & additional deposits Minimum investment £100.00, we also allow full and partial ISA transfers into this account Maximum annual subscription limit for the tax year 2025/26 is £20,000 The total limit on your combined savings with us should not exceed £250,000 You will receive a passbook to help keep track of your savings Payments into the account can be made by faster payment, standing order, or by cash or cheque in branch. You may also send a cheque through the post. Please ensure that cheques are made payable to yourself and quote the account number on the payee line Payment of the funds into your account can only be made in £ sterling.
Can I withdraw money?	Yes, your Limited Access ISA allows up to 4 withdrawals per tax year including full or partial transfers. A minimum of £100.00 must remain in your account. You can do this by visiting branch with your passbook. Please note that branch limits apply to cash withdrawals. Full or partial transfers will count towards the 4 withdrawal limit. Alternatively you can make withdrawal requests by post, please enclose your passbook with any requests. When withdrawing, the balance should not go below the minimum of £100.00. If the balance goes below £100.00 your account will be closed unless we have received instructions to transfer the remaining balance to another ISA provider. It is important to note that this is not a flexible ISA, if you have subscribed your maximum annual subscription for the current tax year and withdraw all or part of this, you cannot pay this back into your ISA. You can make a partial or full transfer to another ISA provider.
Additional Information	Your ISA savings are tax exempt and do not count towards your personal allowance. The tax treatment of ISA’s may be subject to change in the future.

+Tax Free Rate is the rate of interest payable, under current legislation, where interest is exempt from tax.

^ AER stands for annual equivalent rate and illustrates what the interest rate would be if interest was paid and compounded once each year.

We always try to provide a first-class service. Occasionally however things can go wrong. If they do we will try to put them right. If you wish to make a complaint, our complaints procedures are detailed in the Savings Accounts Terms and Conditions.

If you would like to talk to us about your account you can

- - - speak to a member of staff at our branch office at 7 King Street, Penrith, Cumbria. CA11 7AR
    - Call one of our team on 01768 863675
    - Email our savings team at savings@penrithbs.co.uk
    - Visit our website www.penrithbs.co.uk

DOWNLOAD SUMMARY BOX AS A PDF

DOWNLOAD THE SAVINGS ACCOUNTS TERMS AND CONDITIONS

Key Features of the Limited Access ISA

The Financial Conduct Authority is a financial services regulator. It requires us, Penrith Building Society, to give you this important information to help you decide whether our Limited Access ISA is right for you. You should read this document carefully so that you understand what you are buying, and then keep it safe for future reference. An ISA can be a Cash ISA, a Stocks and Shares ISA, an Innovative Finance ISA or a Lifetime ISA (LISA). Here at Penrith Building Society we only offer Cash ISA savings accounts and the ISA explained in this leaflet is a Cash ISA. We also offer an Additional Permitted Subscription (APS) ISA and a Junior ISA, please ask in branch for separate details and terms and conditions. If you are an adult, then in any tax year you can pay into one Cash ISA, one Stocks and Shares ISA, one Innovative Finance ISA and one Lifetime ISA (LISA). You can save up to the limit in any type or a combination of all four. Your ISAs can be with the same provider if they offer all types or with different providers. A tax year runs from 6th April in one year to 5th April the following year There is no tax to pay on your Cash ISA interest and this does not count towards your Personal Savings Allowance, for more information on this please visit www.gov.uk and search for Personal Savings Allowance. Eligibility To apply for a Limited Access ISA, you must:

Be an individual age 18 or over
Be resident in the United Kingdom or, if not so resident, be performing duties as a Crown employee serving overseas and paid out of the public revenue of the United Kingdom (typically a serving member of the armed forces, or a diplomat), or be married to, or in a civil partnership with, such a person
Provide a National Insurance number and date of birth
Provide confirmation of identity and address, details of identification requirements are available in branch or online at www.penrithbs.co.uk
Not have exceeded the overall subscription limit.
In certain circumstances we will accept applications signed by somebody acting on behalf of a physically or mentally incapacitated investor.
A Limited Access ISA cannot be opened before a valid application form is completed and held by us.

General Operation

The Penrith Building Society Limited Access ISA is available in branch or by post
The minimum opening deposit and operating balance is £100
Transfers into the Limited Access ISA are permitted.
You may transfer your Limited Access ISA to another provider, this can be transferred in full or a partial transfer from this account.
Deposits can be made in cash or by cheque, at the Society’s branch, or by post, you will receive a passbook to help keep track of your savings.

Can I transfer my Cash ISA from another provider to the Penrith Building Society? Yes, the Limited Access ISA accepts both full and partial transfers in up to the account limit. Can I transfer my Penrith Building Society Limited access ISA to another provider? Yes, subject to the new ISA Manager agreeing to accept the transfer. Transfers to other Cash ISA providers are permitted and are penalty free. If you ever wish to transfer your Penrith Building Society Cash ISA to another provider you will need to complete a Cash ISA Transfer Application form with your new provider, who will forward the request to us. You will need to send us your passbook and can do this direct, or via your new Cash ISA provider. What if I change my mind? You have 14 days after the date that your account is opened to change your mind.You can cancel your investment by letting us know in writing during this period and your cancelled Limited access ISA will not count as an IS A subscription. Any interest that you have earned on your savings during this period will be paid gross. Are you a new customer to Penrith Building Society? If you are a new customer, you will need to provide some form of identification and verification of address. Details of acceptable documentary evidence accompany this factsheet.You will also need to provide us with your National Insurance number. The Financial Services Compensation Scheme Penrith Building Society is a participant of the Financial Services Compensation Scheme (FSCS) and your deposits are protected under this scheme. For further information about the compensation provided by the FSCS, refer to the FSCS website at www.fscs.org.uk Complaints The Society always tries to provide a first-class service. Occasionally, however, things can go wrong. If they do, we will try to put them right. If you wish to make a complaint, the Society’s complaints procedures are detailed in the Terms and Conditions for Investments Accounts booklet. Further Information Information on ISAs can be obtained from the HMRC ISA Helpline on 0300 200 3312, or by visiting www.gov.uk/individual-savings-accounts General Terms & Conditions

You must be, and must remain, the beneficial owner of the funds in the account. The account cannot be used as security for a loan
The Society does not have to recognise the interest or claim of any person other than the account holder in respect of money held in any account, nor will the Society be liable in any way for failing to recognise such interest or claim, except as required by law
The holder of a Penrith Building Society Limited Access ISA is a member of the Society and as such is bound by the Rules of the Society as they apply from time to time. A copy of the Rules can be obtained on request on opening the account. In the event that a member loses his/her copy of the Rules and wishes to obtain a replacement, a nominal charge of £1.00 will be levied.
Penrith Building Society will satisfy itself that any person to whom it delegates any of its functions or responsibilities under the terms agreed with the investor is competent to carry out those functions and responsibilities
These conditions should be read in conjunction with the Society’s Terms & Conditions for Investment Accounts booklet, which also contains details of the Society’s complaints procedures. It is important that the details set out in both this document and the booklet are read through carefully before you open the account
The account must not be a joint account or held on behalf of a person other than the account holder
The account will be operated in accordance with prevailing rules and regulations and legislation, which may, of course, be varied from time to time by the Government
Penrith Building Society will notify you, if by reason of any failure to satisfy the provisions of the ISA regulations, your Penrith Building Society Limited Access ISA, has, or will become void
The minimum operating balance is £100
On instructions received from you, your Limited Access ISA, with all rights and obligations, shall be transferred to another ISA manager in accordance with the ISA Regulations relating to transfers. On receipt of your transfer instructions from your new ISA Manager, we will send your funds and accompanying information to them within 5 business days from the date of receipt
On your instructions and within the time stipulated by you all the investments held in the Limited Access ISA and the proceeds arising from those investments shall be transferred or paid to you
The Penrith Building Society Limited Access ISA can run from one tax year to the next, but if there is a break between subscriptions which lasts for a whole tax year, you must make a fresh application before subscriptions can recommence

Junior Saver Account

2.25%

Gross rate / 2.25% AER without bonus

3.50%

Gross rate / 3.50% AER (includes bonus of 1.25%)

Rate Type

Variable

Access

Yes

Interest Paid

Annually

Availability

Branch
Post

~~Online~~

Helping you to start the savings habit early.

Contact Us

Find out more

What is the interest rate?	The interest rate not including bonus is 2.25% The interest rate including bonus is 3.50% +Gross Rate% / ^AER%
	Interest is variable, calculated daily and added to your account balance on 31st December. A 1.25% bonus will be credited to the account on the junior’s birthday, the bonus is calculated from the date the account was opened or the junior’s birthday, whichever is the later date. The bonus is guaranteed for the life of the account.
Can Penrith Building Society change the interest rate?	Yes – the rate of interest paid on your account is variable and may be changed by us. Where we do so, we will give you reasonable notice in advance of the change. For further details refer to our Savings Accounts Terms and Conditions.
What would the estimated balance be after 12 months based on a £1,000 deposit?	Based on the rate of interest, if you deposited £1,000 in this account, after 12 months the balance would be £1,022.50. This figure is provided for illustration purposes only. It is based on no transactions or changes to interest rates after the initial deposit. It does not include the bonus
What would the estimated balance be after 12 months based on a £1,000 deposit and including the bonus of 1.25%?	Based on the rate of interest and including the bonus, if you deposited £1,000 in this account, after 12 months the balance would be £1,028.82. This figure is provided for illustration purposes only. It is based on no transactions or changes to interest rates after the initial deposit and that the junior’s birthday is 6 months after the account is opened.
How do I open and manage my account?	Opening your account This account is available to UK residents over 16 and can be opened in branch or by post, application packs can be downloaded from our website Savings – Penrith Building Society If the junior is under 7 years old we will ask that the application form is signed by a parent, guardian or trustee. You will need to provide identification and national insurance number when you open your account, details can be found on our website ID-REQUIREMENTS-V1.30.pdf This account is limited to one account per junior customer Where the account is opened by a trustee for the junior, the junior is the beneficial owner of the account, any credits made to the account are a gift Savings limits & additional deposits Minimum investment £1 Maximum Investment £20,000 The total limit on your combined savings with us should not exceed £350,000 You will receive a passbook to help keep track of your savings Payments into the account can be made by faster payment, standing order, or by cash or cheque in branch. You may also send a cheque through the post. Please ensure that cheques are made payable to yourself and quote the account number on the payee line Payment of the funds into your account can only be made in £ sterling.
Can I withdraw money?	Withdrawals You can withdraw from your account at any time without notice or penalty by visiting branch with your passbook. If the account is held in trust for the junior we may ask for additional confirmation that the withdrawal is for the junior’s benefit. Please note that branch limits apply to cash withdrawals and cheque withdrawals will be made payable to the junior. Alternatively you can make withdrawals by post, please enclose your passbook with any requests.Maturity We will contact you before your 18th birthday when the account will mature, any cheque closures will be made payable to the junior, and any new accounts will be in the junior’s name.
Additional Information	Tax treatment depends on individual circumstances and may be subject to change in the future.

+ Gross Rate is the rate of interest payable (without deduction of tax) and you will be responsible for paying tax you owe on interest as per your individual circumstances.
^ AER stands for annual equivalent rate and illustrates what the interest rate would be if interest was paid and compounded once each year.

We always try to provide a first-class service. Occasionally however things can go wrong. If they do we will try to put them right. If you wish to make a complaint, our complaints procedures are detailed in the Savings Accounts Terms and Conditions.

If you would like to talk to us about your account you can

- - - speak to a member of staff at our branch office at 7 King Street, Penrith, Cumbria. CA11 7AR
    - Call one of our team on 01768 863675
    - Email our savings team at savings@penrithbs.co.uk
    - Visit our website www.penrithbs.co.uk

DOWNLOAD SUMMARY BOX AS A PDF

DOWNLOAD THE SAVINGS ACCOUNTS TERMS AND CONDITIONS

JISA (Junior ISA)

3.60%

Tax free rate / 3.60% AER

Rate Type

Variable

Access

No

Interest Paid

Annually

Availability

Branch
Post

~~Online~~

Put simply, a Tax-Free account means you don’t have to pay tax on the interest that you earn. With other savings accounts, the interest you earn is paid on a gross basis (without the deduction of tax), but you may still have an obligation to pay tax on it if the sum earned is above a certain level.

Contact Us

Find out more

What is the interest rate?	The interest rate is 3.60% +Gross Rate% / ^AER%
	Interest is variable, calculated daily and added to your account balance on 5th April.
Can Penrith Building Society change the interest rate?	Yes – the rate of interest paid on your account is variable and may be changed by us. Where we do so, we will give you reasonable notice in advance of the change. For further details refer to our Terms & Conditions for Savings Accounts.
What would the estimated balance be after 12 months based on a £1,000 deposit?	Based on the rate of interest, if you deposited £1,000 in this account, after 12 months the balance would be £1,036.00. This figure is provided for illustration purposes only. It is based on no transactions or changes to interest rates after the initial deposit. It does not include the bonus
How do I open and manage my account?	Opening your account This account is available to UK residents age 0 to 16, where the child is under 16 a person with parental responsibility must apply for the account. Where the child is 16 or over either the child or a person with parental responsibility can open the account This account can be opened in branch or by post, application packs can be downloaded from our website Savings – Penrith Building Society You will need to provide identification and national insurance number when you open your account, details can be found on our website ID-REQUIREMENTS-V1.30.pdf This account is limited to one account per child Savings limits & additional deposits Minimum investment £1 Maximum annual subscription limit for the tax year 2025/26 is £9,000 The total limit on your combined savings with us should not exceed £250,000 You will receive a passbook to help keep track of your savings Payments into the account can be made by faster payment, standing order, or by cash or cheque in branch. You may also send a cheque through the post. Please ensure that cheques are made payable to yourself and quote the account number on the payee line Payment of the funds into your account can only be made in £ sterling.
Can I withdraw money?	No, withdrawals cannot be made until the child reaches 18, when the account will roll over into an adult Cash ISA, except in the following exceptional circumstances: – where a terminal illness claim made on behalf of the child has been agreed – on the death of the child
Additional Information	Your JISA savings are tax exempt and do not count towards your Personal Savings Allowance. The tax treatment of ISA’s may be subject to change in the future.

+ Gross Rate is the rate of interest payable (without deduction of tax) and you will be responsible for paying tax you owe on interest as per your individual circumstances.
^ AER stands for annual equivalent rate and illustrates what the interest rate would be if interest was paid and compounded once each year.

We always try to provide a first-class service. Occasionally however things can go wrong. If they do we will try to put them right. If you wish to make a complaint, our complaints procedures are detailed in the Terms & Conditions for Savings Accounts.

If you would like to talk to us about your account you can

- - - speak to a member of staff at our branch office at 7 King Street, Penrith, Cumbria. CA11 7AR
    - Call one of our team on 01768 863675
    - Email our savings team at savings@penrithbs.co.uk
    - Visit our website www.penrithbs.co.uk

DOWNLOAD SUMMARY BOX AS A PDF

DOWNLOAD THE TERMS AND CONDITIONS FOR SAVINGS ACCOUNTS

Homebuyers Bonus

3.55%

Gross rate / 3.55% AER

Rate Type

Variable

Access

Yes

Interest Paid

Annually

Availability

Branch
Post

~~Online~~

Looking to build up a deposit for your first home or moving house. We can help you on your way!

Contact Us

Find out more

What is the interest rate?	The interest rate is 3.55% +Gross Rate% / ^AER%
	Interest is variable, calculated daily and added to your account balance annually on 31st December.
Can Penrith Building Society change the interest rate?	Yes – the rate of interest paid on your account is variable and may be changed by us. Where we do so, we will give you reasonable notice in advance of the change. For further details refer to our Savings Accounts Terms and Conditions.
What would the estimated balance be after 12 months based on a £1,000 deposit?	Based on the rate of interest, if you deposited £1,000 in this account, after 12 months the balance would be £1,035.50. Based on the rate of interest, if you deposited £1,000.00 in this account and closed this after 12 months, assuming the bonus conditions are met the balance would be £1,045.86 including the eligible bonus. This figure is provided for illustration purposes only. It is based on no transactions or changes to interest rates after the initial deposit.
How do I open and manage my account?	Opening your account This account is available to UK residents over 16 and can be opened in branch or by post, application packs can be downloaded from our website Savings – Penrith Building Society You will need to provide identification and national insurance number when you open your account, details can be found on our website ID-REQUIREMENTS-V1.30.pdf This account is limited to one account per individual (joint accounts are not permitted) This account is not available to re-mortgage customers Savings limits & additional deposits Minimum investment £1 Maximum Investment £20,000 The total limit on your combined savings with us should not exceed £350,000 You will receive a passbook to help keep track of your savings Payments into the account can be made by faster payment, standing order, or by cash or cheque in branch. You may also send a cheque through the post. Please ensure that cheques are made payable to yourself and quote the account number on the payee line Payment of the funds into your account can only be made in £ sterling.
Can I withdraw money?	You can withdraw from your account at any time without notice or penalty by visiting branch with your passbook. Please note that branch limits apply to cash withdrawals. Alternatively you can make withdrawal requests by post, please enclose your passbook with any requests.
Additional Information	You can withdraw from your account at any time without notice or penalty by visiting branch with your passbook. Please note that branch limits apply to cash withdrawals. Alternatively you can make withdrawals by post, please enclose your passbook with any requestsBonus PaymentAfter saving for a minimum of 6 months we may make a bonus payment of 1% of your final savings balance on the day your account is closed, the maximum bonus payment is £200. To qualify for the bonus payment, you must make a mortgage application to us which is approved.If your mortgage application is accepted, you may be entitled to free “Application and Product Fees. This applies to direct applications only. If for any reason you are unable to complete the purchase of your property, fees may be payable on any further application.To take a mortgage with us you will need to meet our lending criteria, we carry out credit checks and may request references to check your financial circumstances.

+ Gross Rate is the rate of interest payable (without deduction of tax) and you will be responsible for paying tax you owe on interest as per your individual circumstances.
^ AER stands for annual equivalent rate and illustrates what the interest rate would be if interest was paid and compounded once each year.

We always try to provide a first-class service. Occasionally however things can go wrong. If they do we will try to put them right. If you wish to make a complaint, our complaints procedures are detailed in the Savings Accounts Terms and Conditions.

If you would like to talk to us about your account you can

- - - speak to a member of staff at our branch office at 7 King Street, Penrith, Cumbria. CA11 7AR
    - Call one of our team on 01768 863675
    - Email our savings team at savings@penrithbs.co.uk
    - Visit our website www.penrithbs.co.uk

DOWNLOAD SUMMARY BOX AS A PDF

DOWNLOAD THE SAVINGS ACCOUNTS TERMS AND CONDITIONS

Business 7 Day Notice Account

3.00%

Gross rate / 3.00% AER

Rate Type

Variable

Access

With notice

Interest Paid

Annually

Availability

Branch
Post

~~Online~~

The Business Notice account is for Sole Traders, SMEs and Unincorporated Charities & Clubs based in Cumbria.

Contact Us

Find out more

What is the interest rate?	The interest rate is 3.00% +Gross Rate% / ^AER%
	Interest is variable, calculated daily and paid on the 31st December. This can be added to your account balance, or paid to another bank or building society account by BACS transfer.
Can Penrith Building Society change the interest rate?	Yes – the rate of interest paid on your account is variable and may be changed by us. Where we do so, we will give you reasonable notice in advance of the change. For further details refer to our Savings Terms & Conditions.
What would the estimated balance be after 12 months based on a £1,000 deposit?	Based on the rate of interest, if you deposited £1,000 in this account, after 12 months the balance would be £1,030.00. This figure is provided for illustration purposes only. It is based on no transactions or changes to interest rates after the initial deposit.
How do I open and manage my account?	Opening your account This account is available to sole traders, SME’s, Charities and Clubs based in Cumbria To open an account simply contact our branch team who will make an appointment for you. An application form is available on our website, this can be completed before your appointment Online Savings – Penrith Building Society Once opened, the account is managed through our online portal As part of our account opening process we will need: Identification and national insurance number when you open your account, details can be found on our website ID-REQUIREMENTS-V1.30.pdf Information about your business, club or charity, please see additional information section below Savings limits & additional deposits Minimum investment £1000 Maximum Investment £100,000 The total limit on your combined savings with us should not exceed £150,000 A nominated bank account must be registered at the point of opening. We will only accept Nominated Bank Accounts in the name of your business from financial institutions that hold a UK banking licence The initial account opening deposit must come from your nominated bank account or an existing Penrith Building Society business account within 7 days of your account opening confirmation, this must meet the minimum deposit of £1,000 Payment of funds into your account can only be made in £ sterling by bank transfer A monthly statement will be sent to your registered contact’s email address. This will be at the beginning of each calendar month and will detail transactions from the previous month
Can I withdraw money?	Yes, withdrawals can be made by giving us 7 days notice. You can do this via secure message on our online portal or by calling into our branch. Once the notice period has been served the funds will be transferred to your Nominated Bank Account. This account has a maximum of 6 withdrawals per calendar year. Withdrawals can not be made without serving the 7 day notice period, multiple notice requests are not permitted. If you have instructed us that more than one signature is required to operate this account, all relevant signatories will need to authorise the transaction. This authority can be provided through our online portal or in branch. We will need all required signatories to confirm the instruction to us within 3 days of the notice being placed on the account, if we do not receive confirmation from all signatories the notice will be cancelled. A minimum balance of £1,000 must remain in the account to keep it open. If the 7 day notice period ends on a weekend or Bank Holiday, we will transfer the funds on the following working day.
Additional Information	Additional Account Opening Requirements Sole Trader In addition to your personal identification we will need to see a copy of your most recent tax return and a copy of your accounts Unlimited Partnerships In addition to personal identification for each partner/signatory we will need to see a copy of your partnership tax return Unincorporated Charities In addition to personal identification for all signatories, we will need your charity number, an account opening mandate and confirmation of all classes of the beneficiaries. Clubs/Societies In addition to personal identification for all signatories, we will need information about the legal status and purpose of the club/society together with a copy of the constitution. Charges We will charge £15 per request for any duplicate statements We will charge £15 per request for the provision of audit or accountants’ information Tax treatment depends on individual circumstances and may be subject to change in the future.

+ Gross Rate is the rate of interest payable (without deduction of tax). Businesses are responsible for declaring interest accrued on savings as part of their annual self assessment tax return.
^ AER stands for annual equivalent rate and illustrates what the interest rate would be if interest was paid and compounded once each year.

We always try to provide a first-class service. Occasionally however things can go wrong. If they do we will try to put them right. If you wish to make a complaint, our complaints procedures are detailed in the Terms & Conditions for Savings Accounts.

If you would like to talk to us about your account you can

- - - speak to a member of staff at our branch office at 7 King Street, Penrith, Cumbria. CA11 7AR
    - Call one of our team on 01768 863675
    - Email our savings team at savings@penrithbs.co.uk
    - Visit our website www.penrithbs.co.uk

DOWNLOAD SUMMARY BOX AS A PDF

DOWNLOAD THE TERMS AND CONDITIONS FOR SAVINGS ACCOUNTS

Corporate 7 Day Notice Account

3.00%

Gross rate / 3.00% AER

Rate Type

Variable

Access

With notice

Interest Paid

Annually

Availability

Branch
Post

~~Online~~

The Corporate Notice account is for UK Corporate Bodies, Solicitors Client Accounts, Partnerships, Incorporated Charities and Limited Companies based in Cumbria.

Contact Us

Find out more

What is the interest rate?	The interest rate is 3.00% +Gross Rate% / ^AER%
	Interest is variable, calculated daily and paid on the 31st December. This can be added to your account balance, or paid to another bank or building society account by BACS transfer.
Can Penrith Building Society change the interest rate?	Yes – the rate of interest paid on your account is variable and may be changed by us. Where we do so, we will give you reasonable notice in advance of the change. For further details refer to our Savings Terms & Conditions.
What would the estimated balance be after 12 months based on a £1,000 deposit?	Based on the rate of interest, if you deposited £5,000 in this account, after 12 months the balance would be £5,150.00. This figure is provided for illustration purposes only. It is based on no transactions or changes to interest rates after the initial deposit.
How do I open and manage my account?	Opening your account This account is available to UK Corporate Bodies, Solicitors Clients Accounts, Partnerships, and limited Companies based in Cumbria to open an account simply contact our branch team who will make an appointment for you. An application form is available on our website, this can be completed before your appointment Online Savings – Penrith Building Society Once opened, the account is managed through our online portal As part of our account opening process we will need: Identification and national insurance number when you open your account, details can be found on our website ID-REQUIREMENTS-V1.30.pdf Information about your business, club or charity, please see additional information section below Savings limits & additional deposits Minimum investment £5,000 Maximum Investment £100,000 The total limit on your combined savings with us should not exceed £150,000 A nominated bank account must be registered at the point of opening. We will only accept Nominated Bank Accounts in the name of your business from financial institutions that hold a UK banking licence The initial account opening deposit must come from your nominated bank account or an existing Penrith Building Society business account within 7 days of your account opening confirmation, this must meet the minimum deposit of £5,000 Payment of funds into your account can only be made in £ sterling by bank transfer A monthly statement will be sent to your registered contact’s email address. This will be at the beginning of each calendar month and will detail transactions from the previous month
Can I withdraw money?	Yes, withdrawals can be made by giving us 7 days notice. You can do this via secure message on our online portal or by calling into our branch. Once the notice period has been served the funds will be transferred to your Nominated Bank Account. This account has a maximum of 6 withdrawals per calendar year. Withdrawals can not be made without serving the 7 day notice period, multiple notice requests are not permitted. If you have instructed us that more than one signature is required to operate this account, all relevant signatories will need to authorise the transaction. This authority can be provided through our online portal or in branch. We will need all required signatories to confirm the instruction to us within 3 days of the notice being placed on the account, if we do not receive confirmation from all signatories the notice will be cancelled. A minimum balance of £5,000 must remain in the account to keep it open. If the 7 day notice period ends on a weekend or Bank Holiday, we will transfer the funds on the following working day.
Additional Information	Additional Account Opening Requirements If none of your chosen authorised signatories are directors we will require at least one of the company directors to provide ID documentation to us, details can be found on our website ID-REQUIREMENTS-V1.30.pdf In addition to your personal identification we will need to see confirmation of any underlying beneficial owners of the company, this includes those having ownership of control of over 25% of its shares or voting rights AND those with principal control over the company’s assets e.g. Principle or Shadow Directors ( this information can usually be found in your company Accounts). Charges We will charge £15 per request for any duplicate statements We will charge £15 per request for the provision of audit or accountants’ information Tax treatment depends on individual circumstances and may be subject to change in the future.

+ Gross Rate is the rate of interest payable (without deduction of tax). Businesses are responsible for declaring interest accrued on savings as part of their annual self assessment tax return.
^ AER stands for annual equivalent rate and illustrates what the interest rate would be if interest was paid and compounded once each year.

We always try to provide a first-class service. Occasionally however things can go wrong. If they do we will try to put them right. If you wish to make a complaint, our complaints procedures are detailed in the Terms & Conditions for Savings Accounts.

If you would like to talk to us about your account you can

- - - speak to a member of staff at our branch office at 7 King Street, Penrith, Cumbria. CA11 7AR
    - Call one of our team on 01768 863675
    - Email our savings team at savings@penrithbs.co.uk
    - Visit our website www.penrithbs.co.uk

DOWNLOAD SUMMARY BOX AS A PDF

DOWNLOAD THE TERMS AND CONDITIONS FOR SAVINGS ACCOUNTS

Deposit Account

1.75%

Gross rate / 1.75% AER (over £20,000)

1.35%

Gross rate / 1.35% AER (over £1,000)

1.30%

Gross rate / 1.30% AER (under £1,000)

Rate Type

Variable

Access

Yes

Interest Paid

Annually

Availability

Branch
Post

~~Online~~

The Deposit account has been designed specifically for corporate bodies, solicitors clients accounts and trust and trustee accounts, with the exception of discretionary trusts, who are based in Cumbria.

Contact Us

Find out more

What is the interest rate?

Total Balance

Up to £999.99

£1,000 to £20,000

Over £20,000

+Gross Rate%

1.30

1.35

1.75

^AER%

1.30

1.35

1.75

Interest is paid annually on 31st December and can be added to the account balance or paid to another bank or building society account by BACS transfer

Can Penrith Building Society change the interest rate?

Yes – the rate of interest paid on your account is variable and may be changed by us. Where we do so, we will give you reasonable notice in advance of the change.

For further details refer to our Savings Accounts Terms & Conditions

What would the estimated balance be after 12 months based on a £100 deposit?

Based on the rate of interest, if you deposited £100 in this account, after 12 months the balance would be £101.30.

This figure is provided for illustration purposes only. It is based on no transactions or changes to interest rates after the initial deposit.

What would the estimated balance be after 12 months based on a £1,000 deposit?

Based on the rate of interest, if you deposited £1,000 in this account, after 12 months the balance would be £1013.50.

This figure is provided for illustration purposes only. It is based on no transactions or changes to interest rates after the initial deposit.

What would the estimated balance be after 12 months based on a £20,000 deposit?

Based on the rate of interest, if you deposited £20,000 in this account, after 12 months the balance would be £20,350.

This figure is provided for illustration purposes only. It is based on no transactions or changes to interest rates after the initial deposit.

How do I open and manage my account?

Opening your account

This account is available to UK Corporate Bodies, Solicitors Clients Accounts, and Trust and Trustee Accounts (with the exception of Discretionary Trusts) based in Cumbria. To open an account simply contact our branch team who will make an appointment for you. An application form is available on our website, this can be completed before your appointment Online Savings – Penrith Building Society
This account can be opened in Branch or by post
As part of our account opening process we will need:
Identification and national insurance number when you open your account, details can be found on our website ID-REQUIREMENTS-V1.30.pdf
Information about your company or trust, please see additional information section below

Savings limits & additional deposits

Minimum investment £1,00
Maximum Investment £150,000
The total limit on your combined savings with us should not exceed £350,000
You will receive a passbook to help keep track of your savings
Payments into the account can be made by faster payment, standing order, or by cash or cheque in branch. You may also send a cheque through the post. Please ensure that cheques are made payable to the account holder and quote the account number on the payee line
Payment of funds into your account can only be made in £ sterling by bank transfer

Can I withdraw money?

You can withdraw from your account at any time without notice or penalty by visiting branch with your passbook. Please note that branch limits apply to cash withdrawals.

The minimum balance of £100 must remain in the account.

Alternatively you can make withdrawals by post, please enclose your passbook with any requests.

Additional Information

Additional Account Opening Requirements

If none of your chosen authorised signatories are directors, we will require at least one of the company directors to provide ID documentation to us, details can be found on our website ID-REQUIREMENTS-V1.30.pdf

In addition to your personal identification we will need to see confirmation of any underlying beneficial owners of the company, this includes those having ownership of control of over 25% of its shares or voting rights AND those with principal control over the company’s assets e.g. Principle or Shadow Directors ( this information can usually be found in your company Accounts).

We will need to see original documents, if this is not possible we are able to accept certified copies. Certification must be carried out by an employee of an FCA registered organisation (your bank , building society or financial advisor) or a registered solicitor. This person must supply their name, address and telephone number in the event we needed to contact them.

Tax treatment depends on individual circumstances and may be subject to change in the future.

+ Gross Rate is the rate of interest payable (without deduction of tax). Businesses are responsible for declaring interest accrued on savings as part of their annual self assessment tax return.
^ AER stands for annual equivalent rate and illustrates what the interest rate would be if interest was paid and compounded once each year.

We always try to provide a first-class service. Occasionally however things can go wrong. If they do we will try to put them right. If you wish to make a complaint, our complaints procedures are detailed in the Terms & Conditions for Savings Accounts.

If you would like to talk to us about your account you can

- - - speak to a member of staff at our branch office at 7 King Street, Penrith, Cumbria. CA11 7AR
    - Call one of our team on 01768 863675
    - Email our savings team at savings@penrithbs.co.uk
    - Visit our website www.penrithbs.co.uk

DOWNLOAD SUMMARY BOX AS A PDF

DOWNLOAD THE TERMS AND CONDITIONS FOR SAVINGS ACCOUNTS

Gross Account

1.95%

gross rate / 1.95% AER

Rate Type

Variable

Access

Yes

Interest Paid

Annually

Availability

Branch
Post

~~Online~~

The Gross Account is especially for un-incorporated charities, bodies or funds based in Cumbria and who would like to invest without restricting access to their funds.

Contact Us

Find out more

What is the interest rate?	The interest rate is 1.95% +Gross Rate% / ^AER%
	Interest is variable, calculated daily and paid on the 31st December. This can be added to your account balance, or paid to another bank or building society account by BACS transfer.
Can Penrith Building Society change the interest rate?	Yes – the rate of interest paid on your account is variable and may be changed by us. Where we do so, we will give you reasonable notice in advance of the change. For further details refer to our Savings Terms & Conditions.
What would the estimated balance be after 12 months based on a £1,000 deposit?	Based on the rate of interest, if you deposited £1,000 in this account, after 12 months the balance would be £1,019.50. This figure is provided for illustration purposes only. It is based on no transactions or changes to interest rates after the initial deposit.
How do I open and manage my account?	Opening your account This account is available to UK Un-incorporated Bodies or Charities and Clubs based in Cumbria to open an account simply contact our branch team who will make an appointment for you. An application form is available on our website, this can be completed before your appointment Online Savings – Penrith Building Society This account can be opened in Branch or by post As part of our account opening process we will need: Identification and national insurance number when you open your account, details can be found on our website ID-REQUIREMENTS-V1.30.pdf Information about your business, club or charity, please see additional information section below Savings limits & additional deposits Minimum investment £25.00 Maximum Investment £150,000 The total limit on your combined savings with us should not exceed £350,000 You will receive a passbook to help keep track of your savings Payments into the account can be made by faster payment, standing order, or by cash or cheque in branch. You may also send a cheque through the post. Please ensure that cheques are made payable to the account holder and quote the account number on the payee line Payments into your account can only be made in £ sterling
Can I withdraw money?	You can withdraw from your account at any time without notice or penalty by visiting branch with your passbook. Please note that branch limits apply to cash withdrawals. The minimum balance of £100 must remain in the account. Alternatively you can make withdrawals by post, please enclose your passbook with any requests.
Additional Information	Additional Account Opening Requirements In addition to your personal identification we will need to see: Body Charity or Clubs full name and address The nature of the Body, Charity or Clubs activities and objects Names of all trustees or equivalent Names of all classes of beneficiaries e.g. “Victims of Flooding” A mandate from the Charity authorising the opening of the account or the undertaking of the transaction An authority for those who will operate the account We will need to see original documents, if this is not possible we are able to accept certified copies. Certification must be carried out by an employee of an FCA registered organisation (your bank , building society or financial advisor) or a registered solicitor. This person must supply their name, address and telephone number in the event we needed to contact them. Tax treatment depends on individual circumstances and may be subject to change in the future.

+ Gross Rate is the rate of interest payable (without deduction of tax). Businesses are responsible for declaring interest accrued on savings as part of their annual self assessment tax return.
^ AER stands for annual equivalent rate and illustrates what the interest rate would be if interest was paid and compounded once each year.

We always try to provide a first-class service. Occasionally however things can go wrong. If they do we will try to put them right. If you wish to make a complaint, our complaints procedures are detailed in the Terms & Conditions for Savings Accounts.

If you would like to talk to us about your account you can

- - - speak to a member of staff at our branch office at 7 King Street, Penrith, Cumbria. CA11 7AR
    - Call one of our team on 01768 863675
    - Email our savings team at savings@penrithbs.co.uk
    - Visit our website www.penrithbs.co.uk

DOWNLOAD SUMMARY BOX AS A PDF

DOWNLOAD THE TERMS AND CONDITIONS FOR SAVINGS ACCOUNTS

Affinity Account - Supporting Eden Valley Hospice & Jigsaw, Cumbria’s Children’s Hospice

2.50%

Gross rate / 2.50% AER

Rate Type

Variable

Access

Yes

Interest Paid

Annually

Availability

Branch
Post

~~Online~~

You can choose to support one of our affinity partners by opening an Affinity Instant Access Share. We donate a percentage of the average balance on these accounts to your chosen affinity partner annually.

Contact Us

Find out more

What is the interest rate?	The interest rate is 2.50% +Gross Rate% / ^AER%
	Interest is variable, calculated daily and added to your account balance annually on 31st December.
Can Penrith Building Society change the interest rate?	Yes – the rate of interest paid on your account is variable and may be changed by us. Where we do so, we will give you reasonable notice in advance of the change. For further details refer to our Savings Accounts Terms and Conditions.
What would the estimated balance be after 12 months based on a £1,000 deposit?	Based on the rate of interest, if you deposited £1,000 in this account, after 12 months the balance would be £1,025.00. This figure is provided for illustration purposes only. It is based on no transactions or changes to interest rates after the initial deposit.
How do I open and manage my account?	Opening your account This account is available to UK residents and can be opened in branch or by post, application packs can be downloaded from our website Savings – Penrith Building Society This account is limited to one account held individually or jointly per affinity partner You will need to provide identification and national insurance number when you open your account, details can be found on our website ID-REQUIREMENTS-V1.30.pdf Savings limits & additional deposits Minimum investment £1 Maximum Investment £20,000 The total limit on your combined savings with us should not exceed £350,000 You will receive a passbook to help keep track of your savings Payments into the account can be made by faster payment, standing order, or by cash or cheque in branch. You may also send a cheque through the post. Please ensure that cheques are made payable to yourself and quote the account number on the payee line Payment of the funds into your account can only be made in £ sterling.
Can I withdraw money?	You can withdraw from your account at any time without notice or penalty by visiting branch with your passbook. Please note that branch limits apply to cash withdrawals. Alternatively you can make withdrawals by post, please enclose your passbook with any requests.Alternatively you can make withdrawal requests by post, please enclose your passbook with any requests.
Additional Information	Tax treatment depends on individual circumstances and may be subject to change in the future. By opening an Affinity Account you can help your chosen cause without it costing you a penny. Please see below for information on our current affinity partners. We will make an annual donation to your chosen affinity partner equivalent to 0.50% gross of the average total balances held in all accounts where the specific partner is chosen.

+ Gross Rate is the rate of interest payable (without deduction of tax) and you will be responsible for paying tax you owe on interest as per your individual circumstances.
^ AER stands for annual equivalent rate and illustrates what the interest rate would be if interest was paid and compounded once each year.

We always try to provide a first-class service. Occasionally however things can go wrong. If they do we will try to put them right. If you wish to make a complaint, our complaints procedures are detailed in the Savings Accounts Terms and Conditions.

If you would like to talk to us about your account you can

- - - speak to a member of staff at our branch office at 7 King Street, Penrith, Cumbria. CA11 7AR
    - Call one of our team on 01768 863675
    - Email our savings team at savings@penrithbs.co.uk
    - Visit our website www.penrithbs.co.uk

DOWNLOAD SUMMARY BOX AS A PDF

DOWNLOAD THE SAVINGS ACCOUNTS TERMS AND CONDITIONS

Affinity Account – Supporting Sunbeams Music Trust

2.50%

Gross rate / 2.50% AER

Rate Type

Variable

Access

Yes

Interest Paid

Annually

Availability

Branch
Post

~~Online~~

You can choose to support one of our affinity partners by opening an Affinity Instant Access Share. We donate a percentage of the average balance on these accounts to your chosen affinity partner annually.

Contact Us

Find out more

What is the interest rate?	The interest rate is 2.50% +Gross Rate% / ^AER%
	Interest is variable, calculated daily and added to your account balance annually on 31st December.
Can Penrith Building Society change the interest rate?	Yes – the rate of interest paid on your account is variable and may be changed by us. Where we do so, we will give you reasonable notice in advance of the change. For further details refer to our Savings Accounts Terms and Conditions.
What would the estimated balance be after 12 months based on a £1,000 deposit?	Based on the rate of interest, if you deposited £1,000 in this account, after 12 months the balance would be £1,025.00. This figure is provided for illustration purposes only. It is based on no transactions or changes to interest rates after the initial deposit.
How do I open and manage my account?	Opening your account This account is available to UK residents and can be opened in branch or by post, application packs can be downloaded from our website Savings – Penrith Building Society This account is limited to one account held individually or jointly per affinity partner You will need to provide identification and national insurance number when you open your account, details can be found on our website ID-REQUIREMENTS-V1.30.pdf Savings limits & additional deposits Minimum investment £1 Maximum Investment £20,000 The total limit on your combined savings with us should not exceed £350,000 You will receive a passbook to help keep track of your savings Payments into the account can be made by faster payment, standing order, or by cash or cheque in branch. You may also send a cheque through the post. Please ensure that cheques are made payable to yourself and quote the account number on the payee line Payment of the funds into your account can only be made in £ sterling.
Can I withdraw money?	You can withdraw from your account at any time without notice or penalty by visiting branch with your passbook. Please note that branch limits apply to cash withdrawals. Alternatively you can make withdrawals by post, please enclose your passbook with any requests.Alternatively you can make withdrawal requests by post, please enclose your passbook with any requests.
Additional Information	Tax treatment depends on individual circumstances and may be subject to change in the future. By opening an Affinity Account you can help your chosen cause without it costing you a penny. Please see below for information on our current affinity partners. We will make an annual donation to your chosen affinity partner equivalent to 0.50% gross of the average total balances held in all accounts where the specific partner is chosen.

+ Gross Rate is the rate of interest payable (without deduction of tax) and you will be responsible for paying tax you owe on interest as per your individual circumstances.
^ AER stands for annual equivalent rate and illustrates what the interest rate would be if interest was paid and compounded once each year.

We always try to provide a first-class service. Occasionally however things can go wrong. If they do we will try to put them right. If you wish to make a complaint, our complaints procedures are detailed in the Savings Accounts Terms and Conditions.

If you would like to talk to us about your account you can

- - - speak to a member of staff at our branch office at 7 King Street, Penrith, Cumbria. CA11 7AR
    - Call one of our team on 01768 863675
    - Email our savings team at savings@penrithbs.co.uk
    - Visit our website www.penrithbs.co.uk

DOWNLOAD SUMMARY BOX AS A PDF

DOWNLOAD THE SAVINGS ACCOUNTS TERMS AND CONDITIONS

Junior Affinity Regular Saver – Supporting Penrith & District Red Squirrel Group

4.45%

Gross rate / 4.45% AER

Rate Type

Variable

Access

Yes

Interest Paid

Annually

Availability

Branch
Post

~~Online~~

Helping you to start the savings habit early.

Contact Us

Find out more

What is the interest rate?	The interest rate is 4.45% +Gross Rate% / ^AER%
	Interest is calculated daily and added to your account balance annually on 31st December and on maturity.
Can Penrith Building Society change the interest rate?	Yes – the rate of interest paid on your account is variable and may be changed by us. Where we do so, we will give you reasonable notice in advance of the change. For further details refer to our Savings Accounts Terms and Conditions.
What would the estimated balance be after 60 monthly deposit of £100?	If you open the account with the maximum opening deposit of £100 and deposit the maximum monthly deposit of £100 on the first day of each month for the full term of 5 years your balance would be £6,716.38 This figure is provided for illustration purposes only. It is based on no transactions or changes to interest rates after the initial deposit.
How do I open and manage my account?	Opening your account This account is available to UK residents between 0 months and 16 years and can be opened in branch or by post, application packs can be downloaded from our website Savings – Penrith Building Society If the applicant is under 7 years of age, we will ask for the application form to be signed by a parent, guardian or trustee (one trustee per account) You will need to provide identification and national insurance number when you open your account, details can be found on our website ID-REQUIREMENTS-V1.30.pdf This account is limited to one account per child Savings limits & additional deposits Minimum investment £5 The monthly subscription is any amount between £5 to £100 for 60 months, the monthly subscription can be any amount from £5 up to the maximum. You are not required to make monthly subscriptions however, if a monthly subscription is missed this cannot be made up in subsequent months The total limit on your combined savings with us should not exceed £350,000 You will receive a passbook to help keep track of your savings Payments into the account can be made by faster payment, standing order, or by cash or cheque in branch. You may also send a cheque through the post. Please ensure that cheques are made payable to yourself and quote the account number on the payee line Payment of the funds into your account can only be made in £ sterling.
Can I withdraw money?	Withdrawals Yes, this account allows up to 2 withdrawals per year, January to December. A minimum of £5.00 must remain in your account. You can do this by visiting branch with your passbook. Please note that branch limits apply to cash withdrawals. This account cannot be closed prior to maturity. Alternatively you can make withdrawals by post, please enclose your passbook with any requests.Maturity On maturity, if your account has not been closed, the maturing funds, including interest will be transferred to an Instant Access Shares account. Alternatively you can make withdrawals by post, please enclose your passbook with any requests.
Additional Information	Tax treatment depends on individual circumstances and may be subject to change in the future.

+ Gross Rate is the rate of interest payable (without deduction of tax) and you will be responsible for paying tax you owe on interest as per your individual circumstances.
^ AER stands for annual equivalent rate and illustrates what the interest rate would be if interest was paid and compounded once each year.

We always try to provide a first-class service. Occasionally however things can go wrong. If they do we will try to put them right. If you wish to make a complaint, our complaints procedures are detailed in the Savings Accounts Terms and Conditions.

If you would like to talk to us about your account you can

- - - speak to a member of staff at our branch office at 7 King Street, Penrith, Cumbria. CA11 7AR
    - Call one of our team on 01768 863675
    - Email our savings team at savings@penrithbs.co.uk
    - Visit our website www.penrithbs.co.uk

DOWNLOAD SUMMARY BOX AS A PDF

DOWNLOAD THE SAVINGS ACCOUNTS TERMS AND CONDITIONS

90 Day Notice Account Issue 2

3.60%

Gross rate / 3.60% AER

Rate Type

Variable

Access

With notice

Interest Paid

Annually

Availability

Branch

~~Post~~
~~Online~~

Notice accounts may be suitable for you if you have a larger sum of money to invest that you do not need to access immediately.

Contact Us

Find out more

What is the interest rate?	The interest rate is 3.60% +Gross Rate% / ^AER%
	Interest is variable, calculated daily and paid on the 31st December. This can be added to your account balance, or paid to another bank or building society account by BACS transfer.
Can Penrith Building Society change the interest rate?	Yes – the rate of interest paid on your account is variable and may be changed by us. Where we do so, we will give you reasonable notice in advance of the change. For further details refer to our Savings Accounts Terms and Conditions.
What would the estimated balance be after 12 months based on a £1,000 deposit?	Based on the rate of interest, if you deposited £1,000 in this account, after 12 months the balance would be £1,036.00. This figure is provided for illustration purposes only. It is based on no transactions or changes to interest rates after the initial deposit.
How do I open and manage my account?	Opening your account This account is available to UK residents over 18 and can be opened in branch You will need to provide identification and national insurance number when you open your account, details can be found on our website ID-REQUIREMENTS-V1.30.pdf Savings limits & additional deposits Minimum investment £500 Maximum Investment £100,000 – once the maximum has been invested no further credits to the account will be allowed. Interest will continue to be added to the account. The total limit on your combined savings with us should not exceed £350,000 You will receive a passbook to help keep track of your savings Payments into the account can be made by faster payment, standing order, or by cash or cheque in branch. You may also send a cheque through the post. Please ensure that cheques are made payable to yourself and quote the account number on the payee line Payment of the funds into your account can only be made in £ sterling.
Can I withdraw money?	Yes, withdrawals can be made by giving us 90 days’ notice. You can do this by visiting branch with your passbook. A minimum balance of £500 must remain in the account to keep it open. Withdrawals cannot be made without serving the notice period. Alternatively you can make withdrawal requests by post, please enclose your passbook with any requests.
Additional Information	Tax treatment depends on individual circumstances and may be subject to change in the future.

+ Gross Rate is the rate of interest payable (without deduction of tax) and you will be responsible for paying tax you owe on interest as per your individual circumstances.
^ AER stands for annual equivalent rate and illustrates what the interest rate would be if interest was paid and compounded once each year.

We always try to provide a first-class service. Occasionally however things can go wrong. If they do we will try to put them right. If you wish to make a complaint, our complaints procedures are detailed in the Savings Accounts Terms and Conditions.

If you would like to talk to us about your account you can

- - - - speak to a member of staff at our branch office at 7 King Street, Penrith, Cumbria. CA11 7AR
      - Call one of our team on 01768 863675
      - Email our savings team at savings@penrithbs.co.uk
      - Visit our website www.penrithbs.co.uk

DOWNLOAD SUMMARY BOX AS A PDF

DOWNLOAD THE SAVINGS ACCOUNTS TERMS AND CONDITIONS

90 Day E-Notice Account Issue 1

3.60%

Gross rate / 3.60% AER

Rate Type

Variable

Access

With Notice

Interest Paid

Annually

Availability

Online

~~Post~~
~~Branch~~

Notice accounts may be suitable for you if you have a larger sum of money to invest that you do not need to access immediately.

Contact Us Apply Online

Find out more

What is the interest rate?	+Gross Rate% 3.60	^AER% 3.60
	Interest is calculated daily and added to your account balance on the 31st December.
Can Penrith Building Society change the interest rate?	Yes – the rate of interest paid on your account is variable and may be changed by us. Where we do so, we will give you reasonable notice in advance of the change. For further details refer to our Savings Accounts Digital Terms and Conditions.
What would the estimated balance be after 12 months based on a £1000 deposit?	Based on the rate of interest, if you deposited £1,000 in this account, after 12 months the balance would be £1,036.00. This figure is provided for illustration purposes only. It is based on no transactions or changes to interest rates after the initial deposit.
How do I open and manage my account?	Opening your account This account is available to UK residents who are over 18 and can be opened and managed through our Penrith Online portal only As part of our account opening process, we will confirm your identity. If we are unable to do this electronically, we may need to ask you for some additional personal identification This account is limited to one account per individual customer (joint accounts are not permitted) Savings limits & additional deposits Minimum investment £500 Maximum investment £100,000– once the maximum amount has been invested no further credits to the account will be allowed. Interest will continue to be added to the account The total limit on your combined savings with us should not exceed £350,000 A Nominated Bank Account must be set up at the point of account opening. We will only accept Nominated Bank Accounts in your name or to which you are a joint party from financial institutions that hold a UK banking licence A deposit of a minimum of £500, made from your nominated bank account, must be received within 14 days of application Payment of the funds into your account can only be made in £ sterling
Can I withdraw money?	Yes, withdrawals can be made by giving us 90-day notice using the online portal. Once the notice period has been served the funds will be transferred to your Nominated Bank Account by bank transfer. A minimum balance of £500 must remain in the account to keep it open. Withdrawals cannot be made without serving the notice period. If the 90-day notice period ends on a weekend or Bank Holiday, we will transfer the funds on the previous working day.
Additional Information	Tax treatment depends on individual circumstances and may be subject to change in the future.

+ Gross Rate is the rate of interest payable (without deduction of tax) and you will be responsible for paying tax you owe on interest as per your individual circumstances.
^ AER stands for annual equivalent rate and illustrates what the interest rate would be if interest was paid and compounded once each year.

We always try to provide a first-class service. Occasionally however things can go wrong. If they do, we will try to put them right. If you wish to make a complaint, our complaints procedures are detailed in the Savings Accounts Terms and Conditions.

If you would like to talk to us about your account, you can

Speak to a member of staff at our branch office at 7 King Street, Penrith, Cumbria, CA11 7AR.
Call one of our savings team on 01768 863675.
Email our savings team at savings@penrithbs.co.uk
Visit our website www.penrithbs.co.uk

DOWNLOAD SUMMARY BOX AS A PDF

DOWNLOAD THE SAVINGS ACCOUNTS TERMS AND CONDITIONS

Easy Access E-Saver (Issue 1)

2.00%

Gross rate / 2.00% AER

Rate Type

Variable

Access

Easy Access

Interest Paid

Annually

Availability

Online

~~Post~~
~~Branch~~

A variable rate.

This account is available online only.

Terms and conditions for the Easy Access E-Saver (Issue 1) are available by clicking “Find out more” below.

Contact Us Apply Online

Find out more

What is the interest rate?	The interest rate is 2.00% +Gross Rate% / ^AER%
	Interest is variable, calculated daily and added to your account balance on 31st December.
Can Penrith Building Society change the interest rate?	Yes – the rate of interest paid on your account is variable and may be changed by us. Where we do so, we will give you reasonable notice in advance of the change. For further details refer to our Savings Accounts Terms and Conditions.
What would the estimated balance be after 12 months based on a £1,000 deposit?	Based on the rate of interest, if you deposited £1,000 in this account, after 12 months the balance would be £1,020.00. This figure is provided for illustration purposes only. It is based on no transactions or changes to interest rates after the initial deposit.
How do I open and manage my account?	Opening your account This account is available to UK residents over 18 and is opened and managed through our online portal only As part of our account opening process we will confirm your identity. If we are unable to do this electronically, we may need to ask you for some additional personal identification Savings limits & additional deposits Minimum investment £1 The total limit on your combined savings with us should not exceed £350,000 A Nominated Bank Account must be registered at the point of account opening. We will only accept Nominated Bank Accounts in your name or to which you are a joint party from financial institutions that hold a UK banking licence A deposit into the account must be received within 14 days of application Payment of the funds into your account can only be made in £ sterling from your Nominated Bank Account.
Can I withdraw money?	Yes, there are no restrictions on making withdrawals. A minimum of £1 must remain in your account. Withdrawal requests received before 3pm will be processed by us on the same day and deposited into your nominated bank account the next working day. Requests received after 3pm will be processed by us on the next working day after receipt and will be deposited into your nominated bank account the following working day after processing.
Additional Information	Tax treatment depends on individual circumstances and may be subject to change in the future.

+ Gross Rate is the rate of interest payable (without deduction of tax) and you will be responsible for paying tax you owe on interest as per your individual circumstances.
^ AER stands for annual equivalent rate and illustrates what the interest rate would be if interest was paid and compounded once each year.

We always try to provide a first-class service. Occasionally however things can go wrong. If they do we will try to put them right. If you wish to make a complaint, our complaints procedures are detailed in the Savings Accounts Terms and Conditions.

If you would like to talk to us about your account you can

- - - speak to a member of staff at our branch office at 7 King Street, Penrith, Cumbria. CA11 7AR
    - Call one of our team on 01768 863675
    - Email our savings team at savings@penrithbs.co.uk
    - Visit our website www.penrithbs.co.uk

DOWNLOAD SUMMARY BOX AS A PDF

DOWNLOAD THE SAVINGS ACCOUNTS TERMS AND CONDITIONS

1 Year Fixed Rate E-Bond (Issue 5)

3.85%

Gross rate / 3.85% AER

Rate Type

Fixed

Access

No access until maturity

Interest Paid

At maturity

Availability

Online

~~Post~~
~~Branch~~

A fixed rate for 1 year.

This account is available online only.

Terms and conditions for the 1 Year Fixed Rate E-Bond (Issue 5) are available by clicking “Find out more” below.

Contact Us Apply Online

Find out more

What is the interest rate?	+Gross Rate% 3.85	^AER% 3.85
	Interest is calculated daily and will be added to the account on maturity.
Can Penrith Building Society change the interest rate?	No, as the interest rate is fixed, the rate will not change for the term of the account.
What would the estimated balance be after 12 months based on a £5,000 deposit?	Based on the fixed rate of interest, if you deposited £5,000 in this account, after 12 months the balance would be £5,192.50. At the end of the 1 year term the maturity balance would be £5,192.50. This figure is provided for illustration purposes only. It is based on no transactions after the initial deposit.
How do I open and manage my account?	Opening your account. This account is available to UK residents over 18 and is opened and managed through our online portal only As part of the account opening process we will confirm your identity. If we are unable to do this electronically, we may need to ask you for some additional personal identification This account is limited to one account per individual customer (joint accounts are not permitted) Savings limits & additional deposits. Minimum investment £5,000 Maximum investment £120,000 The total limit on your combined savings with us should not exceed £350,000 You will not receive a passbook for this account A Nominated Bank Account must be registered at the point of account opening. We will only accept Nominated Bank Accounts in your name or to which you are a joint party from financial institutions that hold a UK banking licence Deposits into the account must be received within 14 days of application. No further credits will be allowed after 14 Days Payment of the funds into your account can only be made in £ sterling from your Nominated Bank Account
Can I withdraw money?	No, you cannot withdraw from or close this account during the account term. This account will mature 1 year from the day we receive your first deposit. We will contact you before the end of the fixed period to let you know the options available to you on maturity. If we do not hear back from you, your savings will mature into our Easy Access E-Saver.
Additional Information	Tax treatment depends on individual circumstances and may be subject to change in the future.

+ Gross Rate is the rate of interest payable (without deduction of tax) and you will be responsible for paying tax you owe on interest as per your individual circumstances.
^ AER stands for annual equivalent rate and illustrates what the interest rate would be if interest was paid and compounded once each year.

We always try to provide a first-class service. Occasionally however things can go wrong. If they do, we will try to put them right. If you wish to make a complaint, the Society’s complaints procedures are detailed in the Savings Accounts Terms and Conditions.

If you would like to talk to us about your account, you can

speak to a member of staff at our branch office at 7 King Street, Penrith, Cumbria, CA11 7AR.
Call one of our savings team on 01768 863675.
Email our savings team at savings@penrithbs.co.uk
Visit our website www.penrithbs.co.uk

DOWNLOAD SUMMARY BOX OF THIS PRODUCT

DOWNLOAD THE SAVINGS ACCOUNTS TERMS AND CONDITIONS

2 Year Fixed Rate E-Bond (Issue 6)

3.75%

Gross rate / 3.75% AER

Rate Type

Fixed

Access

No access until maturity

Interest Paid

Annually and at maturity

Availability

Online

~~Post~~
~~Branch~~

A fixed rate for 2 years.

This account is available online only.

Terms and conditions for the 2 Year Fixed Rate E-Bond (Issue 6) are available by clicking “Find out more” below.

Contact Us Apply Online

Find out more

What is the interest rate?	+Gross Rate% 3.75	^AER% 3.75
	Interest is calculated daily and will be added to the account annually on 31st December and on maturity.
Can Penrith Building Society change the interest rate?	No, as the interest rate is fixed, the rate will not change for the term of the account.
What would the estimated balance be after 12 months based on a £5,000 deposit?	Based on the fixed rate of interest, if you deposited £5,000 in this account, after 12 months the balance would be £5,187.50 At the end of the 2 year term the maturity balance would be £5,382.03 This figure is provided for illustration purposes only. It is based on no transactions after the initial deposit.
How do I open and manage my account?	Opening your account. This account is available to UK residents over 18 and is opened and managed through our online portal only As part of the account opening process we will confirm your identity. If we are unable to do this electronically, we may need to ask you for some additional personal identification This account is limited to one account per individual customer (joint accounts are not permitted) Savings limits & additional deposits. Minimum investment £5,000 Maximum investment £120,000 The total limit on your combined savings with us should not exceed £350,000 You will not receive a passbook for this account A Nominated Bank Account must be registered at the point of account opening. We will only accept Nominated Bank Accounts in your name or to which you are a joint party from financial institutions that hold a UK banking licence Deposits into the account must be received within 14 days of application. No further credits will be allowed after 14 Days Payment of the funds into your account can only be made in £ sterling from your Nominated Bank Account
Can I withdraw money?	No, you cannot withdraw from or close this account during the account term. This account will mature 2 years from the day we receive your first deposit. We will contact you before the end of the fixed period to let you know the options available to you on maturity. If we do not hear back from you, your savings will mature into our Easy Access Saver.
Additional Information	Tax treatment depends on individual circumstances and may be subject to change in the future.

+ Gross Rate is the rate of interest payable (without deduction of tax) and you will be responsible for paying tax you owe on interest as per your individual circumstances.
^ AER stands for annual equivalent rate and illustrates what the interest rate would be if interest was paid and compounded once each year.

We always try to provide a first-class service. Occasionally however things can go wrong. If they do, we will try to put them right. If you wish to make a complaint, the Society’s complaints procedures are detailed in the Savings Accounts Terms and Conditions.

If you would like to talk to us about your account, you can

speak to a member of staff at our branch office at 7 King Street, Penrith, Cumbria, CA11 7AR.
Call one of our savings team on 01768 863675.
Email our savings team at savings@penrithbs.co.uk
Visit our website www.penrithbs.co.uk

DOWNLOAD SUMMARY BOX OF THIS PRODUCT

DOWNLOAD THE SAVINGS ACCOUNTS TERMS AND CONDITIONS

1 Year Fixed Rate E-Bond (Issue 5)

3.85%

Gross rate / 3.85% AER

Rate Type

Fixed

Access

No access until maturity

Interest Paid

At maturity

Availability

Online

~~Post~~
~~Branch~~

A fixed rate for 1 year.

This account is available online only.

Terms and conditions for the 1 Year Fixed Rate E-Bond (Issue 5) are available by clicking “Find out more” below.

Contact Us Apply Online

Find out more

What is the interest rate?	+Gross Rate% 3.85	^AER% 3.85
	Interest is calculated daily and will be added to the account on maturity.
Can Penrith Building Society change the interest rate?	No, as the interest rate is fixed, the rate will not change for the term of the account.
What would the estimated balance be after 12 months based on a £5,000 deposit?	Based on the fixed rate of interest, if you deposited £5,000 in this account, after 12 months the balance would be £5,192.50. At the end of the 1 year term the maturity balance would be £5,192.50. This figure is provided for illustration purposes only. It is based on no transactions after the initial deposit.
How do I open and manage my account?	Opening your account. This account is available to UK residents over 18 and is opened and managed through our online portal only As part of the account opening process we will confirm your identity. If we are unable to do this electronically, we may need to ask you for some additional personal identification This account is limited to one account per individual customer (joint accounts are not permitted) Savings limits & additional deposits. Minimum investment £5,000 Maximum investment £120,000 The total limit on your combined savings with us should not exceed £350,000 You will not receive a passbook for this account A Nominated Bank Account must be registered at the point of account opening. We will only accept Nominated Bank Accounts in your name or to which you are a joint party from financial institutions that hold a UK banking licence Deposits into the account must be received within 14 days of application. No further credits will be allowed after 14 Days Payment of the funds into your account can only be made in £ sterling from your Nominated Bank Account
Can I withdraw money?	No, you cannot withdraw from or close this account during the account term. This account will mature 1 year from the day we receive your first deposit. We will contact you before the end of the fixed period to let you know the options available to you on maturity. If we do not hear back from you, your savings will mature into our Easy Access E-Saver.
Additional Information	Tax treatment depends on individual circumstances and may be subject to change in the future.

+ Gross Rate is the rate of interest payable (without deduction of tax) and you will be responsible for paying tax you owe on interest as per your individual circumstances.
^ AER stands for annual equivalent rate and illustrates what the interest rate would be if interest was paid and compounded once each year.

We always try to provide a first-class service. Occasionally however things can go wrong. If they do, we will try to put them right. If you wish to make a complaint, the Society’s complaints procedures are detailed in the Savings Accounts Terms and Conditions.

If you would like to talk to us about your account, you can

speak to a member of staff at our branch office at 7 King Street, Penrith, Cumbria, CA11 7AR.
Call one of our savings team on 01768 863675.
Email our savings team at savings@penrithbs.co.uk
Visit our website www.penrithbs.co.uk

DOWNLOAD SUMMARY BOX OF THIS PRODUCT

DOWNLOAD THE SAVINGS ACCOUNTS TERMS AND CONDITIONS

2 Year Fixed Rate E-Bond (Issue 6)

3.75%

Gross rate / 3.75% AER

Rate Type

Fixed

Access

No access until maturity

Interest Paid

Annually and at maturity

Availability

Online

~~Post~~
~~Branch~~

A fixed rate for 2 years.

This account is available online only.

Terms and conditions for the 2 Year Fixed Rate E-Bond (Issue 6) are available by clicking “Find out more” below.

Contact Us Apply Online

Find out more

What is the interest rate?	+Gross Rate% 3.75	^AER% 3.75
	Interest is calculated daily and will be added to the account annually on 31st December and on maturity.
Can Penrith Building Society change the interest rate?	No, as the interest rate is fixed, the rate will not change for the term of the account.
What would the estimated balance be after 12 months based on a £5,000 deposit?	Based on the fixed rate of interest, if you deposited £5,000 in this account, after 12 months the balance would be £5,187.50 At the end of the 2 year term the maturity balance would be £5,382.03 This figure is provided for illustration purposes only. It is based on no transactions after the initial deposit.
How do I open and manage my account?	Opening your account. This account is available to UK residents over 18 and is opened and managed through our online portal only As part of the account opening process we will confirm your identity. If we are unable to do this electronically, we may need to ask you for some additional personal identification This account is limited to one account per individual customer (joint accounts are not permitted) Savings limits & additional deposits. Minimum investment £5,000 Maximum investment £120,000 The total limit on your combined savings with us should not exceed £350,000 You will not receive a passbook for this account A Nominated Bank Account must be registered at the point of account opening. We will only accept Nominated Bank Accounts in your name or to which you are a joint party from financial institutions that hold a UK banking licence Deposits into the account must be received within 14 days of application. No further credits will be allowed after 14 Days Payment of the funds into your account can only be made in £ sterling from your Nominated Bank Account
Can I withdraw money?	No, you cannot withdraw from or close this account during the account term. This account will mature 2 years from the day we receive your first deposit. We will contact you before the end of the fixed period to let you know the options available to you on maturity. If we do not hear back from you, your savings will mature into our Easy Access Saver.
Additional Information	Tax treatment depends on individual circumstances and may be subject to change in the future.

+ Gross Rate is the rate of interest payable (without deduction of tax) and you will be responsible for paying tax you owe on interest as per your individual circumstances.
^ AER stands for annual equivalent rate and illustrates what the interest rate would be if interest was paid and compounded once each year.

We always try to provide a first-class service. Occasionally however things can go wrong. If they do, we will try to put them right. If you wish to make a complaint, the Society’s complaints procedures are detailed in the Savings Accounts Terms and Conditions.

If you would like to talk to us about your account, you can

speak to a member of staff at our branch office at 7 King Street, Penrith, Cumbria, CA11 7AR.
Call one of our savings team on 01768 863675.
Email our savings team at savings@penrithbs.co.uk
Visit our website www.penrithbs.co.uk

DOWNLOAD SUMMARY BOX OF THIS PRODUCT

DOWNLOAD THE SAVINGS ACCOUNTS TERMS AND CONDITIONS

More than just a savings account

Savers Product Finder

Instant Access Share

ISA Issue 3

Key Features of the Cash ISA Issue 3

90 Day Notice ISA

30 Day Notice Account

60 Day Notice Account

Limited Access ISA

Junior Saver Account

JISA (Junior ISA)

Homebuyers Bonus

Business 7 Day Notice Account

Corporate 7 Day Notice Account

Deposit Account

Gross Account

Affinity Account - Supporting Eden Valley Hospice & Jigsaw, Cumbria’s Children’s Hospice

Affinity Account – Supporting Sunbeams Music Trust

Junior Affinity Regular Saver – Supporting Penrith & District Red Squirrel Group

90 Day Notice Account Issue 2

90 Day E-Notice Account Issue 1

Easy Access E-Saver (Issue 1)

1 Year Fixed Rate E-Bond (Issue 5)

2 Year Fixed Rate E-Bond (Issue 6)

1 Year Fixed Rate E-Bond (Issue 5)

2 Year Fixed Rate E-Bond (Issue 6)

Tax-free Savings

Instant access

Regular savings

Longer term savings

Junior Savers

Saving for a home

Business Savings

Affinity Instant Access

More than just a savings account

Savers Product Finder

Instant Access Share

Download an application form

Download an application form

ISA Issue 3

Download an application form

Download an application form

Key Features of the Cash ISA Issue 3

90 Day Notice ISA

Download an application form

Download an application form

30 Day Notice Account

Download an application form

Download an application form

60 Day Notice Account

Download an application form

Download an application form

Limited Access ISA

Download an application form

Download an application form

Junior Saver Account

Download an application form

Download an application form

JISA (Junior ISA)

Download an application form

Download an application form

Homebuyers Bonus

Download an application form

Download an application form

Business 7 Day Notice Account

Download an application form

Download an application form

Corporate 7 Day Notice Account

Download an application form

Download an application form

Deposit Account

Download an application form

Download an application form

Gross Account

Download an application form

Download an application form

Affinity Account - Supporting Eden Valley Hospice & Jigsaw, Cumbria’s Children’s Hospice

Download an application form

Download an application form

Affinity Account – Supporting Sunbeams Music Trust

Download an application form

Download an application form

Junior Affinity Regular Saver – Supporting Penrith & District Red Squirrel Group

Download an application form

Download an application form

90 Day Notice Account Issue 2

90 Day E-Notice Account Issue 1

Easy Access E-Saver (Issue 1)

1 Year Fixed Rate E-Bond (Issue 5)

2 Year Fixed Rate E-Bond (Issue 6)

1 Year Fixed Rate E-Bond (Issue 5)

2 Year Fixed Rate E-Bond (Issue 6)

Tax-free Savings

Instant access

Regular savings

Longer term savings

Junior Savers

Saving for a home

Business Savings

Affinity Instant Access

Financial Services Compensation Scheme