The Select 120 offers tiered interest rates. As your balance increases, so does the interest.

Select 120 accounts may only be opened by people living within the post code areas of LE, CV9-13 inclusive and DE11-15 inclusive. However, existing customers as at 31st December 2016 may open an account subject to the terms and conditions.

Existing account holders may continue to make transactions within the normal terms and conditions of the accounts.

Summary Box

The Information provided is a summary of the key features of the savings account and is not intended to be a substitute for reading the terms and conditions that apply to the account.

What is the Interest Rate? £50,000 – £180,000        1.00% Gross/1.00% AER

£25,000 – £49,999          0.80% Gross/ 0.80% AER

£10,000 – £24,999          0.50% Gross/0.50% AER

£5,000 – £9,999               0.25% Gross/ 0.25% AER

£500 – £4,999                  0.15% Gross/ 0.15% AER

 

AER stands for Annual Equivalent Rate.  It illustrates what the interest rate would be if interest was paid and compounded each year.

Interest is calculated daily and is variable. Interest is compounded annually on the last day of February or can be paid monthly.

See our current interest rates for all savings accounts.

Can Earl Shilton Building Society change the Interest Rate? We may change interest rates at any time if we reasonably believe the change is needed.  Please refer to Condition 7 – Interest in the Terms and Conditions for Earl Shilton Building Society Retail Savings Accounts for further details.
What would the estimated balance be after 12 months based on a £1,000 deposit?

 

 

 

 

 

 

Please note tiered interest rate projections illustrate the cash returns on deposits up to each balance band.

The projected balance based on the current interest rate for the various tiers are:

£50,000 – £180,000        £181,800.00

£25,000 – £49,999          £50,399.99

£10,000 – 24,999            £25,124.99

£5,000 – £9,999              £10,024.99

£500 – £4,999                 £5,007.49

 

This projection is provided for illustrative purposes only and does not take into account the individual circumstances of the customer.

How do I open and manage my account?
Can I withdraw money?
  • Yes – however 120 days notice of withdrawal is required.  At the Society’s discretion, notice may be waived subject to 120 days loss of interest on the amount withdrawn.
Additional Information
  • The account is limited to one per investor
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