If you have a lump sum to put away and don’t need access to it for a period of time, then a longer-term savings account might be the solution to your savings needs.
3.20%
Gross rate / 3.20% AER
Rate Type
VariableAccess
With noticeInterest Paid
AnnuallyAvailability
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.
To be able to download an application form you must first read the documentation below. Only when you have read the information and fully understand how the account works should you click to download the application form. For sole applications please complete only Account Holder 1 sections
| 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 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 £1,032.00. 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
Savings limits & additional deposits
|
|
| 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 Terms & Conditions for Savings Accounts.
If you would like to talk to us about your account you can
3.40%
Gross rate / 3.40% AER
Rate Type
VariableAccess
With noticeInterest Paid
AnnuallyAvailability
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.
To be able to download an application form you must first read the documentation below. Only when you have read the information and fully understand how the account works should you click to download the application form. For sole applications please complete only Account Holder 1 sections
| 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 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 £1,034.00. 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
Savings limits & additional deposits
|
|
| 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 Terms & Conditions for Savings Accounts.
If you would like to talk to us about your account you can
3.60%
Gross rate / 3.60% AER
Rate Type
VariableAccess
With NoticeInterest Paid
AnnuallyAvailability
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.
| 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
Savings limits & additional deposits
|
|
| 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 |
|
|
+ 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 Digital Terms Conditions for Savings Accounts.
If you would like to talk to us about your account, you can
3.60%
Gross rate / 3.60% AER
Rate Type
VariableAccess
With noticeInterest Paid
AnnuallyAvailability
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.
To be able to download an application form you must first read the documentation below. Only when you have read the information and fully understand how the account works should you click to download the application form. For sole applications please complete only Account Holder 1 sections
| 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 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. |
|
| How do I open and manage my account? | Opening your account
Savings limits & additional deposits
|
|
| 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 Terms & Conditions for Savings Accounts.
If you would like to talk to us about your account you can
4.25%
Gross rate / 4.25% AER
Rate Type
FixedAccess
No access until maturityInterest Paid
At maturityAvailability
Post
Online
A fixed rate for 1 year.
This account is available in branch only.
Terms and conditions for the 1 Year Fixed Rate Bond (Issue 3) are available by clicking “Find out more” below.
| What is the interest rate? | +Gross Rate%
4.25 |
^AER%
4.25 |
| 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 £5,212.50.
At the end of the 1 year term the maturity balance would be £5,212.50. 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.
Savings limits & additional deposits.
|
|
| Can I withdraw money? |
|
|
| Additional Information |
|
|
+ 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 Terms & Conditions for Savings Accounts.
If you would like to talk to us about your account, you can
4.11%
Gross rate / 4.11% AER
Rate Type
FixedAccess
No access until maturityInterest Paid
Annually and at maturityAvailability
Post
Online
A fixed rate for 2 years.
This account is available in branch only.
Terms and conditions for the 2 Year Fixed Rate Bond (Issue 4) are available by clicking “Find out more” below.
| What is the interest rate? | +Gross Rate%
4.11 |
^AER%
4.11 |
| Interest is calculated daily, is paid annually on 31st December and also on maturity. Interest will be added to the account. | ||
| 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 £5,205.50.
At the end of the 2 year term the maturity balance would be £5,419.45 This figure is provided for illustration purposes only. It is based on no transactions after the initial deposit and interest being added to the account. |
|
| How do I open and manage my account? | Opening your account.
Savings limits & additional deposits.
|
|
| Can I withdraw money? |
|
|
| Additional Information |
|
|
+ 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 Terms & Conditions for Savings Accounts.
If you would like to talk to us about your account, you can
4.25%
Gross rate / 4.25% AER
Rate Type
FixedAccess
No access until maturityInterest Paid
At maturityAvailability
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 3) are available by clicking “Find out more” below.
| What is the interest rate? | +Gross Rate%
4.25 |
^AER%
4.25 |
| 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 £5,212.50.
At the end of the 1 year term the maturity balance would be £5,212.50. 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.
Savings limits & additional deposits.
|
|
| Can I withdraw money? |
|
|
| Additional Information |
|
|
+ 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 Terms & Conditions for Savings Accounts.
If you would like to talk to us about your account, you can
4.11%
Gross rate / 4.11% AER
Rate Type
FixedAccess
No access until maturityInterest Paid
Annually and at maturityAvailability
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 4) are available by clicking “Find out more” below.
| What is the interest rate? | +Gross Rate%
4.11 |
^AER%
4.11 |
| 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 £5,205.00.
At the end of the 2 year term the maturity balance would be £5,419.45 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.
Savings limits & additional deposits.
|
|
| Can I withdraw money? |
|
|
| Additional Information |
|
|
+ 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 Terms & Conditions for Savings Accounts.
If you would like to talk to us about your account, you can
Your eligible deposits held by a UK establishment of Penrith Building Society are protected up to a total of £85,000 by the Financial Services Compensation Scheme, the UK’s deposit protection scheme. Any deposits you hold above the limit are unlikely to be covered.
Further information is available here »»
(PDF Version)
Or visit www.fscs.org.uk.