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.

For further details refer to our Terms & Conditions for Savings Accounts.

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

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.

• 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 £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.

For further details refer to our Terms & Conditions for Savings Accounts.

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

• 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.

4.45

4.45

• Interest is paid annually on 31st December and on maturity and will be added to the account balance
• This is a five year fixed term, variable rate, monthly subscription account

Where the change is a reduction in the interest rate we will give you written notification of the change before it comes into effect.

This does not apply to:

• interest rate tiers applicable to balances below the minimum operating balance for the account (provided we have clearly told you about the minimum balance requirements); or
• fixed rate accounts

If your account has a balance of £100 or more at the time the decision is taken to change the interest rate notification will be provided either:

• at least 14 days before the rate change. You will then have a period of 30 days from the date of notification during which you may close or switch your account without having to give any period of notice or having to lose any interest or pay additional charges; or
• the notification will be provided at least 14 days plus the period of notice applicable to the account (or 30 days if longer than the notice period) before the rate change. In this case the normal notice period for making withdrawals from or closing the account will apply.

If you do not notify us that you object to a change before the date on which it comes into effect, you will be deemed to have accepted it.

The information on our website will be updated within three working days of an interest rate change.

• This account is available to UK residents age 0-16 and can be opened in branch or by post, to open an account simply call into Penrith Building Society with identification and complete the relevant application form. Alternatively an application pack can be downloaded from our website or posted to you. Details of identification requirements can be obtained from our branch or on our website
• 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 permitted)
• 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 caught up in subsequent months
• 5 year fixed term savings
• One account per child
• The Society’s total limit on combined savings should not exceed £250,000
• You can make payments into your account at any time by cash or cheque at our office during our normal opening hours by bank transfer or by post
• Cheques made payable to the Society will only be accepted for payment into an account if they contain details (such as the name(s) of the account holder(s) or the account number)
• You will receive a passbook to help keep track of your savings
• Payments into your account can only be made in £ sterling
• 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
  • Visit our website www.penrithbs.co.uk

• In person at our branch
• By written postal request

• Tax treatment depends on individual circumstances and may be subject to change in the future.
• By opening a Junior Affinity Regular Saver which supports Penrith RUFC Juniors (PRUFC Juniors) with Penrith Building Society, you can be a part of this worthwhile initiative supporting PRUFC Juniors without it costing you a penny. Penrith Building Society will make a cash payment each year to PRUFC Juniors equal to 0.50% gross interest on the average total balance held in all Junior Affinity Regular Saver Accounts that support PRUFC Juniors. This means the more supporters who save in the scheme, the bigger the cash payment will be to PRUFC Juniors.

For further details refer to our Terms & Conditions for Savings Accounts.

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

• 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 £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.