Branches & agencies
Treasurer’s Account
Flexible savings for local clubs, societies and charities
Our Treasurer’s Account is an easy access savings account offering a variable rate of 1.51% Gross/AER. Eligible clubs, societies and charities can save between £25 and £300,000, with withdrawals available without notice or penalty. Interest is paid annually.
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.
| Rate | 1.51% Gross /AER |
|---|---|
| Access | Yes Any time |
| Interest | Annually |
| Minimum Investment | £25 |
Savings are protected by FSCS
Independently reviewed by Smart money people
Is this Treasurer’s Account right for you?
This Treasurer’s Savings Account is good for you if
- You’re a club, society or eligible charity within the account’s permitted postcode areas
- You have £25 or more to save
- You want access to your organisation’s savings without giving notice or paying a penalty
- You plan to hold no more than £300,000 in the account
Consider something else if
- You’re an incorporated charity
- Your organisation is outside the eligible postcode areas
- You want to save more than £300,000
- You’re looking for a personal savings account
About this account
Account name: Treasurer’s Account
What is the interest rate?
This account offers a variable rate of interest, as follows:
| Interest Rate | Minimum Balance | Gross* | AER** |
|---|---|---|---|
| Annual | £25 | 1.51% | 1.51% |
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.
Postcodes that apply
This account is available to investors living within the following postcode areas:
Important Documents
Treasurer’s Account FAQs
What is a Treasurer’s Account?
A Treasurer’s Account is a savings account designed for eligible clubs, societies and charities. With this account, organisations can save from £25 up to £300,000 while retaining access to their money without having to give notice or pay a penalty.
Who can open a Treasurer’s Savings Account?
The account is available to clubs, societies and charities with a registered address in one of the eligible postcode areas. It is not available to incorporated charities.
Which postcode areas are eligible for the Treasurer’s Account?
The account is available to eligible organisations with a registered address in the following postcode areas: B, CV, DE, DY, LE, LN4, LN5, LN6, NG, NN, OX15, OX16, OX17, PE, ST, WS, WR or WV.
How much can we save in a Treasurer’s Account?
The minimum deposit required to open and maintain the account is £25, and the maximum balance is £300,000.
Can we withdraw money without giving notice?
Yes. Money can be withdrawn without notice or penalty. Cash withdrawals of up to £500 can be made at a branch or agency, while cheque requests must be submitted in writing or made by visiting a branch or agency.
Is the interest rate fixed on the Treasurer’s Account?
No. Our Treasurer’s Account pays a variable rate of interest, which means the interest rate may change. Interest is paid annually on 1 December.
Can an incorporated charity open a Treasurer’s Account?
No. Our Treasurer’s Account is not available to incorporated charities. An incorporated charity may want to explore our dedicated charity savings accounts instead.
Identification Requirements
Identification Requirements for this Treasurer’s Account
A Resolution authorising named signatories to open the account. The Resolution must include the full names of all signatories, and be signed by an official of the organisation.
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.
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
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