HomeDeposit accountsTreasurer’s Account

Treasurer’s Account

This account is suitable for clubs, societies and charities local to our branches who need a safe place for their money. This account is not available for incorporated charities.

This account is not suitable for organisations outside of our area of operation. The account is also unsuitable for organisations looking to save more than £300,000.

Rate
1.51% Gross /AER
Postcode Restricted
Yes
Access
Yes Any time
Interest
Annually
Minimum Investment
£25

About this account

What is the interest rate?

This account offers a variable rate of interest, as follows:

                             Annual Interest
Minimum Balance Gross* AER**
£25 1.51% 1.51%
Interest will be paid to the account on 1 December each year.
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, Condition 7.

What would the estimated balance be after 12 months?

Based on an initial deposit of £1,000.00, after a 12 month period the estimated balance would be £1,015.10

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.

How do I open and manage my account?

Available to clubs, societies and charities with a registered address with the following postcodes, B, CV, DE, DY, LE, LN4, LN5, LN6, NG, NN, OX15, OX16, OX17, PE, ST, WS, WR or WV.

This account can be opened by post or at any of our branches and agencies. Simply complete the application form and take it with your opening deposit* and resolution, or post them to us at the address in this brochure. Please make cheques payable to the organisation’s name.

*Your opening deposit must be paid in within 5 business days of the account being opened, or you will need to start the application process again. If you wish to pay this by electronic transfer, use the details that we will send you when the account is open.

The minimum deposit required to open and maintain this account is £25 and the maximum deposit is £300,000.

You can manage your account at any of our branches or agencies, by phone, or by post. You can also view your account online: on our app or by using H&R Online on our website (after registering for the service).

Can I withdraw money?

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.

All withdrawals are subject to our daily limits, as outlined in our Savings Account Terms and Conditions booklet

Additional information

Interest is paid gross without tax deducted.

* 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 each of the signatories operating the account. 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 see our website for details of acceptable documentation hrbs.co.uk/proving-your-identity or contact us to discuss.

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Postcodes that apply

This account is available to investors living within the following postcode areas:

B Birmingham
CV Coventry
DE Derby
DY Dudley
LE Leicester
LN4 Lincoln
LN5 Lincoln
LN6 Lincoln
NG Nottingham
NN Northampton
OX15 Oxford
OX16 Oxford
OX17 Oxford
PE Peterborough
ST Stoke-on-Trent
WS Walsall
WR Worcester
WV Wolverhampton
Scroll down to start your application

Applying for an account

Complete the form below to request an application form which you can download and print.

Savings Application Form – Deposit
e.g. Mr/Mrs/Ms
Name
Name
e.g. Joe
e.g. Smith
e.g. example@example.com
e.g. 07123456789
e.g. Hinckley & Rugby Building Society
Documentation and terms confirmation

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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