Branches & agencies
Regular Saver Follow on 30 Day Notice Account
This account is suitable for you if you have a maturing Regular Saver 30 Day Notice account, and you are able to give us 30 days’ notice of withdrawing your funds.
This account is not suitable for you if you will need to withdraw your money without providing 30 days’ notice, or if you have no other savings to cover unexpected costs. The account is also unsuitable if you are looking for an account that you can add money to regularly, as you cannot add to the account after your initial deposit.
About this account
The interest rate tracks at 0.75% 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).
| Annual Interest | ||
| Minimum Balance | Gross* | AER** |
| £1 | 3.00% | 3.00% |
Interest will be paid to the account on 1 December each year.
We will change the interest rate we pay on the account in line with changes to 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. The interest rate will never reduce below 0.01%.
Based on an initial deposit of £1,000.00, after a 12 month period the estimated balance would be £1,030.00.
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 individual circumstances.
This account is only available to holders of a Regular Saver 30 Day Notice account. It can only be opened with the closing balance of that account, when it matures 2 years after being opened.
This account must be opened within one month of the maturity date. You can only hold one of these accounts and it must be held in the same name as the maturing Regular Saver 30 Day Notice account.
This account can be opened by taking the completed application form to any of our branches and agencies, or by posting it to the address in this brochure. The minimum deposit required to open (and keep in) this account is £1, which we will transfer from your maturing Regular Saver 30 Day Notice account.
Please note: this is a lump sum account – you cannot add more money to it once it has been opened.
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).
Yes, but with this account you must give us 30 days’ notice. Instant withdrawals (without giving the required notice) are not allowed.
You can give us the required 30 days’ notice in writing, by phone, by visiting a branch or agency, or on our app or by using H&R Online on our website (after registering for the service).
You will have a ‘withdrawal window’ of 14 days after the 30-day notice period during which to make the withdrawal. If you do not withdraw the requested amount by the end of that 14-day window, you will need to give the full 30 days’ notice again.
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.
Note that you cannot give notice to withdraw an amount greater than the balance of your account at the time of giving notice (taking into account any other notice period already being processed).
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.
Identification Requirements
We need to confirm the identity of every customer who applies for an account with the Society. We do this to protect you against the risk of identity fraud and to comply with money laundering regulations.
We use an electronic verification system when you open a savings account. If this is successful, you will not need to do anything. However, in certain cases you will be asked to provide additional proof of identity (for example if you are not listed on the electoral roll or you have recently moved house).
If you are required to provide additional identification, you must supply two items acceptable to the Society to verify your name and address. The Society will be unable to open your account until we have completed identification procedures.
If you think you will need to provide identification, please visit hrbs.co.uk/proving-your-identity/ for details of acceptable documentation or contact us to discuss.
IF YOU ARE UNDER 18
We will need to see either your birth certificate or passport, and a document confirming your address. This could be a bank statement or utility bill and can be in the name of a parent or guardian living at the same address if not available in your name. These documents need to be originals, not photocopies, and they will be returned to you as quickly as possible.
Applying for an account
Complete the form below to request an application form which you can download and print.
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.
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