Client accounts


The Financial Conduct Authority is a financial services regulator. It requires us, Stafford Railway Building Society, to give you this important information to help you to decide whether this product is right for you.

The information provided is a summary of the key features of the Client Account and is not intended to be a substitute for reading the terms and conditions that apply to the account.

Account Name Client
What is the interest rate? 0.15% gross & AER effective from 01/12/2016
Interest is calculated daily and credited to the account annually on 31st October
Can Stafford Railway Building Society change the interest rate? Stafford Railway 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? £1,001.50
The projections assume that the amount of £1,000 is deposited in to the account at the time it is opened and that no further deposits or withdrawals are made for the full interest period
This projection is provided for illustrative purposes only and does not take in to account the individual circumstances of the customer
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 UK citizens/residents only
  • Limits apply to cash deposits and withdrawals (see savings terms and conditions)
  • Minimum deposit £1
  • Maximum account balance £450,000
Can I withdraw money?
  • 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
  • Withdrawals can be made in branch with the passbook
  • No notice required for withdrawals
  • Minimum withdrawal allowed by cheque is £10
  • Minimum CHAPS withdrawal £5,000

Withdrawals will not be allowed without the passbook

Additional Information
  • Deposit account status
  • Only one account of this type per person or joint account holders
  • 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

Call us on: 01785 223212*