Notice 120 – Monthly Interest

4.85% AER/Gross a year effective from 01/12/2024

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.

This projection assumes the following:

£5,000 is deposited into the account at the time it is opened. No further deposits or withdrawals are made. The interest rate stays the same for the full 12 months. Please note, interest is paid away on a monthly basis to a nominated bank.

Estimated balances are for illustrative purposes only.

• 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 private individuals.
• Available to UK residents only.
• Limits apply to cash deposits and withdrawals (see Savings Terms and Conditions).
• You can save from: £5,000.
• Maximum Balance: £150,000 (Subject to an individual’s total overall savings balance with The Society does not exceed £450,000).

• Withdrawals, closure or transfers to another account with us are subject to 120 days’ notice. You will be given a maximum of 5 working days to make the withdrawal once the 120 days’ notice has been served.
• You are allowed a maximum of 3 account based withdrawals each society year.
• Cash withdrawals are limited to £2,500 each day & require 24 hours’ notice over £500.
• Withdrawals will not be allowed without the passbook.
• Withdrawals can be made by post (Faster Payment Only) and must include a signed letter specifying the amount along with the passbook.
• Withdrawals can only be made by cash or by faster payment to your nominated bank account.

• Each member can hold a maximum of one sole account and one joint account.
• 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.
• Interest is paid away on a monthly to a nominated bank.
• It’s worth noting that any of our accounts can be withdrawn from sale at any time and without notice.