If you have a minimum of £50,000 to invest, a Time Deposit with the Society has distinct attractions.

Any amount from £50,000 to £1 million can be accepted at fixed interest for fixed periods between one month and one year.

Interest is paid or compounded on the maturity date with no deduction of tax. You will need to make a return of gross interest received and settle any liability direct with your Tax Inspector.

The interest rate payable and period are mutually agreed on the day funds are received. On the maturity date the funds are repaid or alternatively a fresh period and interest rate are renegotiated. No interim withdrawals are permitted.

Opening an account

For further information, or an indication of current rates, please contact either Paul Marsden, Chief Executive or Carl Astley, Finance Manager on 01582 765411.

Please note that for persons or organisations not already holding an account with the Society, evidence of identity will be required.