Branches & agencies
Tracker Easy Access
This account is suitable for those who would like to save but need the convenience of being able to withdraw money quickly.
About this account
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).
| Minimum Balance | ANNUAL Gross* | INTEREST AER** |
| £1 | 2.75% | 2.75% |
Interest will be paid to the account on 1 December each year.
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.
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.
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).
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.
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.
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
Not sure what you need? Let us help
Explore our website to find what you need, or click below to get in touch with a member of our team.