By investing in this account you receive a variable rate of interest and also directly help to raise vital funding for three local hospices as they continue to provide care and support to the terminally ill and their relatives.
Each year, on 1 December, 1% of the average balances held in the account during the previous year will be donated to the three hospices. This donation will not reduce the total balance held in your Hospice Affinity Savings Account or the interest paid to you as it is a donation made by the Society.
The hospices that will benefit are LOROS, which cares for patients from Leicestershire and Rutland, Myton Hospice, covering both Rugby and Coventry, and Mary Ann Evans Hospice, based in Nuneaton. Each hospice will receive an equal share of the total donation.
This year alone saw each Hospice receive £7,250 as a result of our members choosing to invest their savings in this account. The latest donation takes the total shared by the three hospices to over £165,000 since the account’s launch in 2008.
Watch our short video about how our Hospice Affinity Account helps the hospices provide such important care.
The three hospices have strong ties to Leicestershire and Warwickshire and help hundreds of local people each year, just like us.
The minimum investment is £500 and the maximum investment is £300,000.
To view the Society’s identification requirements please click here
With effect from 25 February 2021
|Key product information for this account. For your own benefit and protection, you should carefully read the Savings Account Terms and Conditions booklet.|
|Hospice Affinity Savings Account|
|What is the interest rate?|
The interest rate is variable, currently 0.15% gross*/AER**. Annual interest will be paid to the account on 1 December each year.
* Each year, on 1 December, 1% of the average balances held in the account during the previous year will be donated to LOROS, which cares for patients from Leicestershire and Rutland, Myton Hospice, covering both Rugby and Coventry, and Mary Ann Evans Hospice, based in Nuneaton. Each hospice will receive an equal share of the total donation.
|Can Hinckley & Rugby Building Society change the interest rate?|
We may change interest rates at any time if we reasonably believe that the change is needed, for any of the reasons outlined in the Savings Account Terms and Conditions booklet, Conditions 7.5 and 7.6.
|What would the estimated balance be after 12 months?|
Depending on the initial amount deposited, assuming that no further deposits or withdrawals are made, there is no change in interest rate and interest is paid annually, after a 12 month period the estimated balance would be:
These figures are provided for illustrative purposes only and do not take into account your individual circumstances.
|How do I open and manage my account?|
Complete an application form and the declarations and consents and take it to one of our branches or agencies, or post it to us at the address on the rear cover, with your investment. Please make cheques payable to the account holder(s).
The minimum deposit required to open and maintain this account is £500 and the maximum deposit is £300,000. The overall maximum holding by any one member in respect of all savings accounts with the Society is £300,000.
You can open and manage your account at any of our branches or by post.
|Can I withdraw money?|
Withdrawals can be made at any time without notice or penalty. The minimum withdrawal is £250 and only cheque withdrawals are allowed.
Subject to the conditions set out above, money can be paid out against a cheque from the start of the sixth working day following the day of deposit. Working day means a day other than a Saturday, Sunday or Bank Holiday. Funds are available for immediate withdrawal for all other types of deposit.
If you are a basic taxpayer you have a £1,000 Personal Savings Allowance (£500 if you a higher rate tax payer). This means most people do not pay tax on their savings income. 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 and 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 each year.
Interest is calculated on a daily basis up to and including the day before any withdrawal. For cheque receipts, interest is paid from the day after the cheque is deposited with us. For cash and automated credits, interest is paid from the day of receipt.
Each year on 1 December the interest earned will be credited to your Hospice Affinity Savings Account. Alternatively it can be paid to a bank or building society account or transferred to another account with the Society.
Enquire about Hospice Affinity Savings Account
Thank you for your interest in our Hospice Affinity account.
If you would like us to post you a brochure and application form please use the enquire button below and complete your details.
Apply for a Hospice Affinity Savings account
Thank you for your interest in our Hospice Affinity Savings Account.
To apply for this account, please complete the boxes with your name, email address and telephone number, then read the Society’s Savings Account Terms and Conditions and Interest Rates for Savers (see below) and tick the box to confirm you understand them. Please also view the Deposit Guarantee Scheme Information Leaflet and Summary Privacy Notice and tick the second box to confirm you have seen them.
Please then click ‘Submit’ to obtain an application form and the declaration for this account which you should print, complete and return to:
Hinckley & Rugby Building Society
Upper Bond Street
Please ensure you have enclosed the required identification (if applicable) – please click here for details with your completed application form and signed declaration:
Savings Apply: Hospice AffinityPlease fill out this form and tick the boxes to confirm you agree to our Savings Account Terms and Conditions, have read and understand the Interest Rates for Savers information, have viewed the Deposit Guarantee Scheme Information Leaflet and Summary Privacy Notice and click submit.
Savings typeThis product belongs to the following type of savings:
Affinity Accounts, Easy Access Accounts