4.25

• Interest is calculated daily, paid annually on 31st December and also on maturity.
• Interest will be added to the account balance.

This projection is provided for illustrative purposes only. It is based on the maximum monthly subscription of £200 being made for the full term of 2 years, that no withdrawals are made, and interest being added to the account. The projected balance is based on the annual interest rate.

• This account is available to UK residents who are over 18 and can be opened and managed online through our Penrith Online Portal.
• This account is limited to one account per individual customer (joint accounts are not permitted).
• Your initial deposit must be from your Nominated Bank Account and received within 14 days of application.

Savings limits & additional deposits

•  Minimum investment £1.
• This is a two-year fixed term monthly subscription account.
• The Society’s total limit on combined savings should not exceed £350,000.
• The maximum monthly subscription is £200 for 24 months, the monthly subscription can be any amount 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.
•  A month means a calendar month, beginning on the first day of that calendar month and ending on the last day of that calendar month.
•  A Nominated UK Bank Account must be set up at the point of account opening and all withdrawals will be made to this account. (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).
• You can make payments into your account at any time by bank transfer.
• Payments into your account can only be made in £ sterling.
• You will receive an annual statement to help keep track of your savings. You will not receive a passbook for this account.

• You can withdraw money in the following ways:
•   Withdrawals can be requested to your nominated bank account by using the withdrawal request   facility in your online savings portal. Your nominated bank account must be a UK bank or building  society account in your name or to which you are a joint party.
•  When you request a withdrawal using the online saving portal, we will action it by the end of the  next working day following receipt.
• The account will mature into an Easy Access E-Saver account at the end of the term.

4.25

• Interest is calculated daily, paid annually on 31st December and also on maturity.
• Interest will be added to the account balance.

This projection is provided for illustrative purposes only. It is based on the maximum monthly subscription of £200 being made for the full term of 2 years, that no withdrawals are made, and interest being added to the account. The projected balance is based on the annual interest rate.

• This account is available to UK residents who are over 18 and can be opened in branch only.
• This account is limited to one account per individual customer (joint accounts are not permitted).
• You will need to provide identification and national insurance number when you open your account, details can be found on our website Current Identification Requirements

Savings limits & additional deposits

•  Minimum investment £1.
• This is a two-year fixed term monthly subscription account.
• The Society’s total limit on combined savings should not exceed £350,000.
• You will receive a passbook to help keep track of your savings.
• The maximum monthly subscription is £200 for 24 months, the monthly subscription can be any amount 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.
•  A month means a calendar month, beginning on the first day of that calendar month and ending on the last day of that calendar month.
• 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 
• Payments into your account can only be made in £ sterling.

• You can withdraw money in the following ways:
•  Withdrawals can be made in person at our branch or via postal request on demand during our normal business hours subject to our withdrawal limits.
• The account cannot be closed prior to maturity other than in the event of the holder’s death.
• On maturity the maturing funds, including compounded interest will be transferred to an Instant Access Share account..