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Premium Saver Easy Access

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You probably also want some flexibility, earning a good rate of interest on your savings but with the ability to access your money. Well, we think we’ve spotted a gap in the market.

Our Premium Saver Account aims to reward you if you need only limited access to your money, offering a better rate of interest than many accounts in return for your agreement to make just one withdrawal per calendar month.

The minimum investment is £500 and the maximum investment is £300,000.

To view the Society’s identification requirements for new customers, please click here.

With effect from 25 February 2021

Summary box
Key product information for this account. For your own benefit and protection, you should carefully read the Savings Account Terms and Conditions booklet.
Account Name
 Premium Saver Easy Access Account Issue 2
What is the interest rate?

This account offers variable rates of interest, as follows:

Min InvestmentAnnualMonthly
Gross AER Gross AER
£5000.20%0.20% - -

Annual interest will be paid to the account on 1 December each year.  On sums of £5,000 or more interest can be paid monthly.

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:

£5,000               £5,010.00

£1,000               £1,002.00

£500                  £501.00

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 the application form attached to the brochure, including the declarations on the reverse side, 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 and identification (if applicable). Please make cheques payable to ‘Hinckley & Rugby Building Society a/c ‘your name’.

The minimum deposit required to open and maintain this account is £500 (£5,000 for monthly interest) 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?

Only one penalty free easy access withdrawal is available per calendar month. Should you need further access to your funds, additional withdrawals can be made subject to 30 days’ loss of interest on the amount withdrawn.

The minimum withdrawal is £250 by cash or cheque and the maximum cash withdrawal limit is £500 per day.

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.

Additional information

Interest is paid gross without tax deducted. Since 6 April 2016, most people have no longer been required to pay tax on savings income. However, it is your responsibility to pay any tax due, based on your individual circumstances. Ask for a copy of A guide to the Personal Savings Allowance produced by HM Revenue & Customs for further details.

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 (or monthly as the case may be).

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 Premium Saver Easy Access Account Issue 2.

Alternatively it can be paid to a bank or building society account or transferred to another account with the Society.

On sums of £5,000 or more interest can be paid at the end of each month. If you open an account after the 25th day you will receive interest for that month with the interest for the following month.

Enquire about a Premium Saver Account

Thank you for your  interest in our Premium Saver account.

If you would like us to post you a brochure and application form please use the enquire button below and complete your details.

Enquire about the Premium Saver Easy Access account

Apply for a Premium Saver Account

Thank you for your interest in our Premium Saver 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:

Savings Department
Hinckley & Rugby Building Society
Upper Bond Street
LE10 1NZ

Please ensure you have enclosed the following with your completed application form and signed declaration:

1. New customers – a piece of documentation to prove your address or a deposit by cheque drawn on your own personal bank account.  Please note that your personal cheque does not need to be for the full amount you wish to invest in the Premium Saver Account.

2. The required identification (if applicable) – please click here for details

Savings Apply: Premium Saver

Please 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.



Important Information about all of our products

Savings type

This product belongs to the following type of savings:
Easy Access Accounts