In order to manage the inflow of funds and maintain the stability of the Society we need from time to time to impose Account opening restrictions limited to certain postcode areas or maturing Bonds. Some Account types are suspended to all new business, however existing customers with these Accounts may continue to operate them within the terms and conditions.

Please contact the Society or see website for further information.

As from 1st November 2016
Account Tier Gross Rate % AER %
Junior Cash ISA – No access until age 18 (min £10) 2.00 2.00
Regular Monthly Saver – (min) £10 – £500 (max) per month – 2 instant access withdrawals per year 1.75 1.75
Progress – sole investors over 18 and under 50 (Maximum of 6 withdrawals per year) Rate shown includes a gross bonus of 0.90% of terms and conditions are adhered to (min £100) 1.00 1.00
Child Trust Fund (2nd Issue) 2.00 2.00
Foundation Account – (Min) £250 – £10,000 (max) – Under 21’s only – 3 instant access withdrawals per year 1.75 1.75
Capital 90 Shares – 90 days notice (unless £20,000 balance retained) £50,000 – £180,000 (max) 0.80 0.80
£25,000 – £49,999 0.65 0.65
£10,000 – £24,999 0.25 0.25
£5,000 – £9,999 0.15 0.15
(min) £500 – £4,999 0.10 0.10
Monthly Income Shares – 90 days notice £50,000 – £180,00 (max) 0.80 0.80
£25,000 – £49,999 0.65 0.65
£10,000 – £24,999 0.25 0.25
£5,000 – £9,999 0.15 0.15
(min) £1,000 – £4,999 0.10 0.10
Double Top Shares – instant access £10,000 – £180,000 (max) 0.15 0.15
£500 – £9,999 0.10 0.10
(min) £1 – £499 0.10 0.10
Early Saver Shares – Under 18’s only –      (min) £1 – £1,000 (max) 0.50 0.50
Enterprise Account – 7 days notice – Rate shown is for balances of £10,000 or over. Minimum balance £1,000 – Balances £1,000 – £9,999 – rate equivalent to Basic Rate Deposit – see leaflet for eligibility 0.75 0.75
Treasurers Account – 7 days notice – Minimum £10,000 balance – see leaflet for eligibility 1.00 1.00
Capital Deposits (Limited Companies, etc.)   (min £500) 0.10 0.10
Basic Rate Deposits (Limited Companies, etc.)

 

0.10 0.10
Deposits – (Ordinary) 0.10 0.10
Cash ISA (Incorporating TESSA ISA) – 90 days notice – (min) £10 1.15 1.15
Cash ISA – Instant access – (min) £10 1.00 1.00
Heritage – over 50’s no notice – Rate includes a gross bonus of 1.05% if terms and conditions adhered to (min) £1,000 – £180,000 (max) 1.15 1.15
Select 120 (Previously Earl Shilton Bond) – Annual Interest – 120 days notice £50,000 – £180,000(max) 1.00 1.00
£25,000 – £49,999 0.80 0.80
£10,000 – £24,999 0.50 0.50
£5,000 – £9,999 0.25 0.25
(min) £500 – £4,999 0.15 0.15
Select 120 – Monthly Interest – 120 days notice £50,000 – £180,000(max) 1.00 1.00
£25,000 – £49,999 0.80 0.80
£10,000 – £24,999 0.50 0.50
£5,000 – £9,999 0.25 0.25
(min) £500 – £4,999 0.15 0.15
CLOSED ISSUES
Account Tier Gross Rate % AER %
Class P – (Paid-up Shares) £10,000 – £180,000 (max) 0.15 0.15
£500 – £9,999 0.10 0.10
(min) £1 – £499 0.10 0.10
Child Trust Fund Account – plus 0.50% bonus within the first 2 subscription years if additional contributions are made (see terms and conditions) 2.00 2.00
Extra Yield – 180 days notice after 6 months (min) £100 – £50,000 (max) 0.90 0.90
Gross Extra Shares – Ex. Pats – (min £500) 0.10 0.10
Members Bond – Issue 3
2 year – no access, £1,000 min – £20,000 max per person plus interest
1.95 1.95
Members Bond – Issue 4
1 year – no access, £1,000 min – £20,000 max per person plus interest
1.70 1.70
Members’ Bond – Issue 5

2 year – no access, £1,000 min – £20,000 max per  person plus interest

1.95 1.95
RESTRICTED ACCOUNTS
Account Tier Gross Rate % AER %
Members’ Bond – Issue 6

1 year – no access, £1,000 min – £20,000 max per person plus interest

1.70 1.70
Members’ Bond – Issue 7

2 year – no access, £1,000 min – £20,000 max per person plus interest

1.95 1.95

Notes:

  1. From 6th April 2016 all non-ISA savings Accounts will have the interest paid gross. Gross rate is the contractual rate of interest before the deduction of income tax at the rate specified by law.
  2. It is your responsibility to declare any interest you earn over your personal savings allowance directly to HMRC. Interest paid gross on ISA Accounts is tax free and does not affect your personal savings allowance. Your tax treatment will depend on your individual circumstances and may be subject to change in the future. For further information please contact HMRC.
  3. If you require current net rates please contact head office.
  4. All rates quoted are variable.
  5. AER stands for Annual Equivalent Rate. It illustrates what the interest rate would be if it were paid and compounded each year. In other words, it takes into Account the payment of interest monthly or half-yearly. All savings products advertisements which quote interest rates should contain an AER so you will be able to compare more easily what you can expect over time.
  6. Individual terms and conditions may apply.
  7. Subject to the terms of your Account, you may normally withdraw up to £500 cash on demand.
  8. Changes to interest rates are advertised in the Hinckley Times and the Loughborough Echo or by personal notice.
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