Notice 35

3.60% AER/Gross a year effective from 01/08/2023

SRBS 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 in to 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

Estimated balances are for illustrative purposes only.

• The account can be opened in branch, online 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 and unincorporated entities including sole traders, partnerships, clubs, trusts etc.
• Available to UK residents only.
• Limits apply to cash deposits and withdrawals (see savings terms and conditions).
• You can save from: £5,000.
• Up to a maximum of: £75,000. (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 35 days’ written notice. You will be given a maximum of 5 working days to make the withdrawal once the 35 days’ notice has been served.
• You are allowed a maximum of 4 account based withdrawals each society year.
• Cash withdrawals are limited to £2,500 each day.
• 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 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
• It’s worth noting that any of our accounts can be withdrawn from sale at any time and without notice.