The interest rate you receive will depend on your account balance.
The interest is paid annually and will be credited to your account after close of business on 1 September.
Yes, the interest rate is variable. We can increase or decrease the interest rate as described in our Savings Service Agreement.
If we are decreasing the interest rate we will notify you at least 14 days before the change takes effect.
There are no age restrictions on this account.
The account is available to existing Members and new customers resident in Northern Ireland only.
There is a minimum lodgement of £1,000 required to open this account.
The maximum balance for the account is £1 million.
The account can be opened and operated at any of the Society‘s branches, agencies or by post.
Yes, this is an instant access account.
You can make up to 4 withdrawals without loss of interest each calendar year.
You can withdraw up to £500 in cash in a branch and £250 in cash in an agency, larger amounts must be withdrawn by cheque.
AER stands for Annual Equivalent Rate and illustrates what the interest rate would be if interest was paid and compounded once each year. This will enable you to compare more easily the return you can expect from your savings over time.
Gross rate quoted is the taxable rate of interest without deduction of income tax.
You may need to pay tax on any interest that exceeds your Personal Savings Allowance. For more information please visit HM Revenue & Customs (HMRC) website hmrc.gov.uk.
The interest rate is correct as of 1 May 2020.
For further information refer to the terms and conditions of the account and the terms and conditions contained within the Savings Service Agreement. You can obtain a copy of these documents in the ‘Useful Information’ section below.
Before you apply, please make sure you read the Summary Box, account terms and conditions, Savings Service Agreement and FSCS Information Sheet in full. You can save or print a copy of the PDFs for future reference. These documents contain details of your agreement with us for this account and we will rely on them for our relationship with you.
If you open your account in one of our branches we will use an electronic verification system to verify your identity and address. We cannot do this for applicants under 18 or if you are not registered on the electoral roll. In these instances you will be required to provide full identification documentation and examples of these can be found in our Proving your identity leaflet.
Visit your local branch to open this account.Find your nearest branch
To open this account by post:
We recommend that you download a copy of the documents and retain for your records.