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.
About this account
This account offers a variable rate of interest, as follows:
|Minimum Balance||ANNUAL Gross*||INTEREST AER**|
Interest will be paid to the account on 1 December each year.
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.
Based on an initial deposit of £1,000.00, after a 12 month period the estimated balance would be £1,024.50.
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.
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 and managed by post or at any of our branches and agencies. Complete the application form and the declarations and consents. Take the completed documents, your deposit, and a resolution authorising two named signatories to one of our branches or agencies, or post them to us at the address in this document. The resolution must include the full names of all signatories and be signed by an official of the organisation. Please make cheques payable to your organisation’s name.
Please note, the minimum deposit must be credited to your account within 5 working days of the account being opened. If you fail to do so, you will be required to restart the application process.
The minimum deposit required to open and maintain this account is £25 and the maximum deposit is £300,000.
Withdrawals can be made without notice or penalty. The cash withdrawal limit is £500 per day. Cheque withdrawals can be made for any amount if you have sufficient cleared funds in the account.
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.
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.
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 www.hrbs.co.uk/proving-your-identity or contact us to discuss.
Postcodes that apply
This account is available to investors living within the following postcode areas:
Applying for an account
Complete the form below to request an application form which you can download and print.