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Tracker 60 day notice account

Why choose our Tracker 60 Day Notice Account?

If you’re looking for an account that you can add to at any time and that tracks the Bank of England Base Rate, this could be the one for you. With a minimum deposit amount of £2,500, our Tracker 60 Day Notice Account allows you to save a lump sum for the future, with a guarantee that the interest will track at 0.15% above the Bank of England Base Rate. We may change the interest rate we pay following an annual review – see Summary Box for further details.

How can you access your money?

You can withdraw your money by giving 60 days’ notice by telephone, in writing or by visiting one of our branches.

This could be the account for you if you’re looking for:

  • A savings account which tracks the Bank of England Base Rate
  • An account in which you can save a lump sum
  • The option to pay into your savings at any time
  • Withdrawals by cash or cheque, subject to giving 60 days’ notice

To view the Society’s identification requirements please click here.

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
 Tracker 60 Day Notice Account
What is the interest rate?
 

***The account guarantees that the interest rate will track at 0.15% above the Bank of England Base Rate, and will move in line with any future movements in the Bank of England Base Rate. (You will find the Bank of England Base Rate displayed on the
website bankofengland.co.uk)

 
Min InvestmentAnnualMonthly
Gross AER Gross AER
£2,5000.25%0.25%

Interest will be paid annually on 1 December each year.

Can Hinckley & Rugby Building Society change the interest rate?
 

We will change the interest rate we pay on the account in line with changes to the Bank of England Base Rate. We may also change the interest rate we pay following an annual review for any reasons outlined in the Savings Terms and Conditions booklet, Condition 7. Notifications of changes which do not relate to a Bank of England Base Rate change will be notified to you in line with our Savings Terms and Conditions.

What would the estimated balance be after 12 months based on a deposit of £2,500?
 

Assuming that no further deposits or withdrawals are made and there is no change in the interest rate, after a 12 month period the estimated balance would be £2,506.25. These figures are provided for illustration purposes only and do not take into account 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 £2,500 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?
 

Offers access to your savings, subject to a 60 day notice period. You are required to give 60 days’ notice in writing, by telephone or at a branch or agency. Withdrawals must be made within 14 days of the notice period becoming effective. For example if you give notice on the 1st July you can make a withdrawal any time between and including the 30th August and the 13th September.

Instant withdrawals outside of the notice period will not be allowed.

The total amount on notice must not exceed the balance of the account.

For example:

  • You can give notice for £5,000 and then two weeks later give notice up to a further £5,000 if your account balance was £10,000 or more.
  • You cannot give notice for the balance of your account and then two weeks later give further notice for the balance of your account. You would need to wait until the first notice period has expired before giving notice again.

Subject to the conditions set out above, money can be paid out against a cheque from the start of the sixth business day following the day of deposit. Business day means a day other than a Saturday, Sunday or Bank Holiday. Funds are available for immediate withdrawal for all other types of deposit.

The cash withdrawal limit is £500 per day. Cheque withdrawals can be made for any amount if you have sufficient cleared funds in your account.

Additional information
 

If you are a basic taxpayer you have £1,000 personal Savings Allowance (£500 if you are a higher rate tax payer). This means most people do not have to 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 Tracker 60 Day Notice Account. Alternatively it can be paid to a bank or building society account, or transferred to another account with the Society. Hinckley & Rugby is required to submit certain interest payment details to HM Revenue & Customs.

Enquire about Tracker 60 Day Notice Account

Thank you for your interest in our Tracker 60 Day Notice 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 Tracker 60 day notice account account

Apply for a Tracker 60 Day Notice Account

Thank you for your interest in our Tracker 60 Day Notice 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
Hinckley
Leicestershire
LE10 1NZ

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: Tracker 60 Day Notice Account

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:
Notice Accounts