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. You should read this document carefully so that you understand how the account operates, then keep it safe for future references.
The information provided is a summary of the key features of the Coachman Account and is not intended to be a substitute for reading the terms and conditions that apply to the account.
|What is the interest rate||£1 – £25,000 0.50% gross & AER|
|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?||£1,005.00 0.50% gross & AER|
|The projections assume that £1,000 is deposited 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 into account the individual circumstances of the customer.
|How do I open and manage my account?||
|Can I withdraw money?||
Withdrawals will not be allowed without the passbook.