Branches & agencies
Tracker Easy Access Savings Account
This account was only offered to customers with a Regular Savings Plus, Tracker Savings Bond or Anniversary Loyalty Bond. This account is not available to open.
Our Tracker Easy Access Savings Account gives account holders the flexibility to access their savings without notice or penalty, while earning an interest rate that tracks 1.00% below the Bank of England Base Rate. Account holders must have a minimum balance of £1 and can save up to £500,000. This tracker account is no longer available to open.
| Rate | 2.75% Gross /AER |
|---|---|
| Access | Yes Any time |
| Interest | Annually |
| Minimum Investment | £1 |
Savings are protected by FSCS
Independently reviewed by Smart money people
Already have a Tracker Easy Access Savings Account?
This account is no longer available to open. If you already hold this account, you can continue to manage your savings as normal.
- Your interest rate tracks 1.00% below the Bank of England Base Rate
- You can withdraw money without notice or penalty
- You can continue to add to your savings, subject to the account limits
- The account can be managed in branch, by phone, by post or online
Alternatives to our tracker account
This account is no longer available to open, but we offer a range of other savings accounts that may suit you. If you want flexible access to your money, you may wish to consider our Easy Access Savings Account. Alternatively, you can explore our full range of savings accounts to find an option that fits your needs.
About this account
Account name: Tracker Easy Access Savings Account
What is the interest rate?
The interest rate tracks at 1.00% below the Bank of England Base Rate. Any changes in interest will take effect within one month of any movement in the Bank of England Base Rate. (You will find the current Bank of England Base Rate displayed on the website bankofengland.co.uk).
| Interest Rate | Minimum Balance | ANNUAL Gross* | INTEREST AER** |
|---|---|---|---|
| Annual | £1 | 2.75% | 2.75% |
Interest will be paid to the account on 1 December each year.
Can Hinckley & Rugby Building Society change the interest rate?
This product tracks the Bank of England Base Rate. The rate at which we track the Bank of England Base Rate will be reviewed twice annually, with any changes applied 1 April and 1 November. However, we may change interest rates at anytime if we reasonably believe that the change is needed, for any reasons outlined in the Savings Terms and Conditions booklet, Condition 7.
What would the estimated balance be after 12 months?
Based on an initial deposit of £1,000.00, after a 12 month period the estimated balance would be £1,027.50.
These figures are provided for illustrative purposes only and assume that no further deposits or withdrawals are made and there is no change in interest rate. They do not take into account your individual circumstances.
How do I open and manage my account?
This account is not available to be opened.
The minimum balance to maintain this account is £1 and the maximum deposit is £500,000. The total maximum holding by any one member across all savings accounts held with the Society is £500,000.
You can manage your account at any of our branches or agencies, by phone, or by post. You can also manage your account online: on our app or by using H&R Online on our website (after registering for the service).
Can I withdraw money?
Yes, you can withdraw money without notice or penalty.
You may withdraw up to £500 in cash at any of our branches or agencies. Requests for cheques must be submitted in writing or by visiting a branch or agency. Requests for Faster Payment transfers can be made in writing, by phone, by visiting a branch or agency, via our mobile app, or through H&R Online on our website.
All Faster Payments must be made to the nominated bank account linked to your savings account.
All withdrawals are subject to our daily limits, as outlined in our Savings Account Terms and Conditions booklet.
Additional information
Personal Savings Allowance is the amount of interest you can earn before paying tax on it. If you are a basic taxpayer, you can earn up to £1,000.00 interest without paying tax. If you are a higher rate taxpayer, you can earn up to £500.00 interest without paying tax. If you are a additional rate taxpayer, you cannot earn any interest without paying tax.
If you have savings income over your Personal Savings Allowance, you are responsible for making sure you are paying the correct tax directly to HM Revenue & Customs.
* Gross rate – the annual rate of interest to be paid on a savings account without any deduction being made in respect of personal
Income Tax liability.
** AER – stands for Annual Equivalent Rate and illustrates what the interest rate would be if interest was paid and added once a year.
Important Documents
Tracker Easy Access Savings Account FAQs
What is a Tracker Easy Access Savings Account?
A tracker savings account has a variable interest rate that follows another rate or benchmark. With our Tracker Easy Access Savings Account, the interest rate tracks 1.00% below the Bank of England Base Rate. This means the interest rate will increase or decrease following changes to the Bank of England Base Rate. It is otherwise known as a base rate tracker savings account.
What is the difference between a tracker savings account and a standard easy access savings account?
Both accounts offer easy access to your savings. The only difference is how the interest rate is set. The interest rate on our Tracker Easy Access Savings Account is directly linked to the Bank of England Base Rate. It will sit 1.00% below the Bank of England Base Rate. Our standard Easy Access Savings Account also has a variable interest rate, but it does not track the Bank of England Base Rate.
Can I withdraw money from my Tracker Easy Access Savings Account at any time?
Yes, account holders can withdraw money from this base rate tracker savings account without giving notice. All withdrawals remain subject to our daily limits.
Can I still open a Tracker Easy Access Savings Account?
No, this tracker account is no longer available to open. If you are looking to open a savings account, you can explore our full list of personal savings accounts.
Protecting your money
Your eligible deposits with Hinckley & Rugby Building Society are protected up to a total of £120,000 by the Financial Services Compensation Scheme (FSCS), the UK’s deposit guarantee scheme. Any total deposits you hold above the limit are unlikely to be covered.
Explore our range of savings accounts
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