What is the interest rate?
|Gross PA %||AER %* (Gross)|
Variable rate of interest paid annually.
Interest is calculated on a daily basis and is added to your account annually on 31st December.
*AER stands for annual equivalent rate and illustrates what the rate of interest would be if interest was paid and compounded once a year.
|Can Harpenden Building Society change the interest rate?||
We have the right to vary the rate of interest. When interest rates reduce, and the change is material, we will personally tell you about it before we make the change.
Please refer to Condition 7 of our General Terms and Conditions for Retail Savings Accounts which sets out the reasons for which we may change the rate and the procedure for doing so.
What would the estimated balance be after 12 months based on a £1,000 deposit?
We have worked this out assuming a £1,000 deposit is made on account opening and no further deposits or withdrawals are made throughout the year.
|How do I open and manage my account?||
This account can be managed in branch or by post. Please call our Member Serivces Team on 01582 765411 to request an application form and once completed drop it into one of our branches or use our freepost address, FREEPOST SB165, Harpenden Building Society, 14 Station Road, Harpenden, Herts, AL5 4BR.
Minimum balance: £100+
Maximum balance: No limit
If you are a new customer then we will need proof of your identity. Information regarding our identification requirements can be found in our leaflets Identification Requirements - getting to know you, which is attached to this page.
When making cheques payable to Harpenden Building Society you should also include the name of the person(s) into whose account the money is being paid (e.g. Harpenden Building Society - Account holder's name).
Cash (up to £3,000 per day) or cheques can be paid in over the counter.
Cheques can also be paid in by post.
You can ask your bank to arrange a direct transfer once the account is open.
To operate this account you can communicate with us in branch or by post.
|Can I withdraw money?||
30 days notice or 30 days loss of interest.
Up to £500 per day over the counter.
By cheque over the counter or by post.
Faster Payment in branch up to £100,000/CHAPS above that amount.
Faster Payment using Online Services up to £10,000 per day (see Online Services Terms and Conditions), providing signature madate allows one signature only up to £10,000.
Interest is paid gross without tax deducted. A small proportion of savers may be required to pay tax on their savings interest - this should be arranged directly with HMRC through your tax return. Please ask for further information.
Your tax treatment will depend on your individual circumstances and may be subject to change in the future.
The information contained in this table forms part of the terms and conditions of the account and should be read in conjunction with ourGeneral Savings Account Terms and Conditions for Retail Savings Accounts.