SAVINGS PRODUCT

Corporate Pullman (Instant Access)

Instant access savings account for a registered Charity, Limited Company, LLP, Club/Society or pension trustees of micro and SME firms.

  • Interest Rate

    3.05% AER/Gross

  • Minimum Account Balance

    £1

  • Withdrawal Notice Period

    None

  • Availability

    Corporate bodies incorporated in the UK only

About this Account

What is the Interest Rate?

3.05% AER/Gross a year effective from 01/10/2023

Can The Stafford change the Interest Rate?

The Stafford Building Society has the right to change interest rates in certain circumstances. If we change the rates we will give you 14 days’ notice. Please refer to the savings terms and conditions for further information on these circumstances.

What would the estimated balance be after 12 months?

£1,030.50

The projections assume that the amount of £1,000 is deposited into the account at the time it is opened and that no further deposits or withdrawals are made for the full interest period.

Estimated balances are for illustrative purposes only.

How do I open and manage my account?

  • The account can be opened in branch or by post.
  • This is a passbook based account and can be operated in branch or by post at members own expense.
  • Available to corporate bodies incorporated in the UK only.
  • Limits apply to cash deposits and withdrawals (see savings terms and conditions).
  • You can save from: £1.
  • Up to a maximum of: £450,000
  • Maximum Balance: £75,000 (Subject to an individual’s total overall savings balance with The Society does not exceed £450,000).

Can I withdraw money?

  • Cash withdrawals are limited to £2,500 each day.
  • No notice is required for cash withdrawals up to £500. A minimum of 24 hours notice for cash withdrawals up to £2,500.
  • Withdrawals can be made by post (cheque only) and must include a signed letter requesting the amount needed by cheque and who the cheque is made payable to and the passbook.
  • Faster payments are available to a nominated bank account in the account holder(s) name.
  • Minimum withdrawal allowed by cheque is £10.
  • Minimum CHAPS withdrawal £5,000 and will incur an administrative fee.
  • Withdrawals can be made in branch with the passbook.
  • Only six withdrawals allowed per day.
  • Withdrawals will not be allowed without the passbook.

Additional Information

  • Only one account of this type per corporate body.
  • We pay all savings interest gross, which means no tax is deducted. It’s your responsibility to pay any tax due, based on your individual circumstances. Tax rules may change in future.