Notice 60 Account
With a maximum of four account withdrawals a year and a higher rate of interest than our Pullman easy access account, Our Notice 60 savings account suits people who don’t need access to their money straight away.
|Account name||Minimum account balance||Interest rate||Notice period on withdrawal||Availability||Other
|Notice 60 Account||£10,000||0.50%||60 Days||
Private individuals only.
Withdrawals, closure & transfers are subject to 60 days’ written notice.
Notice 60 Account
What is the Interest Rate?
0.50% gross & AER effective from 01/05/2020
Can Stafford Railway Building Society change the interest rate?Yes, the interest rate is variable, so it can go up or down.
If we change the rates, we will give you 14 days’ notice.
You’ll find full details of this and the reasons why we might change the interest rate in our Savings Terms and Conditions.
What would the estimated balance be after 12 months?
This projection assumes the following:£10,000 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
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 private individuals and unincorporated entities including sole traders, partnerships, clubs, trusts etc.
- Available to UK citizens/residents only.
- Limits apply to cash deposits and withdrawals (see Savings Terms and Conditions).
- Minimum deposit £10,000.
- Maximum deposit: £100,000.
- Minimum Balance: £10,000.
- Maximum Balance: £100,000.
Can I withdraw money?
- Withdrawals, closure or transfers to another account with us are subject to 60 days’ written notice.
- Cash withdrawals are limited to £500 each day or £2,500 if you provide us with 24 hours notice.
- 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. A cheque will only be made payable to the account holder(s).
- 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.
- You will be given a maximum of five working days to make the withdrawal once the 60 days’ notice has been served.
- You are allowed a maximum of four account based withdrawals each society year.
- Withdrawals will not be allowed without the passbook.
- 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.