1 Access Club and Community Bonus Saver - 1216

Bonus
Annual Variable Interest % AER*
£1,000+
3.35%

Key features

Save up to £500,000.

3.35% excluding bonus on £1,000+
3.80% including bonus on £1,000+.

Interest is paid annually on the anniversary of account opening.

£1,000 minimum opening balance.


*AER stands for Annual Equivalent Rate and illustrates what the interest rate would be if interest was paid and added each year. Interest is paid annually unless otherwise stated.

What you will need:

Your address details for the last 3 years, including postcodes.

Your mobile phone number.

To apply, you must:

Have the authority to open an account.

Be an Unincorporated customer.

Product Details

Account name

1 Access Club and Community Bonus Saver - 1216

What is the interest rate? AER*

3.35% annual interest rate* excluding bonus on £1,000+
3.80% annual interest rate* including bonus on £1,000+.

Interest is paid annually on the anniversary of account opening.

Excluding Bonus interest is paid annually on anniversary date. Including Bonus interest is paid annually on anniversary date subject to no more than 1 withdrawals within year and minimum balance being held.

(*AER stands for the Annual Equivalent Rate and illustrates what the interest rate would be if interest was paid and added each year)

Can Dudley Building Society change the interest rate?

The interest rate on this account is variable and the Society may make changes to this rate at any time. We will notify you of any changes in accordance with the Terms & Conditions.

What would the estimated balance be?

 

Excluding Bonus: If you were to open this account with £1,000 and no further deposits or withdrawals were made you would earn £33.50 interest. This would result in a total balance of £1,033.50.

 

Including Bonus: If you were to open this account with £1,000 and no further deposits or withdrawals were made you would earn £38.00 interest. This would result in a total balance of £1,038.00.

Please note this is an illustration only and does not reflect your specific circumstances.

How do I open and manage my account?

Who is eligible?

This account is available to new and existing unincorporated customers based in the UK.

Only one account per person can be opened.

How do I open my savings account?

You may open your account at any one of our branches or via post.

How do I operate my account?

Any queries regarding your account can be dealt with via branch, email or telephone. Instructions on your account are required in person, at branch or in writing.

What is my minimum opening and operating balance?

£1,000.

What is my maximum operating balance?

£500,000.

What is my maximum investment?

£500,000.

Can I withdraw money?

Instant access withdrawals are permitted with this account, however, only a maximum of 1 withdrawals are permitted within a 12 month period, which will start from the date the account was opened. If more than 1 withdrawals are placed within this 12 month period, the bonus shall be lost. A minimum balance of £1,000 must be maintained in the account to be eligible for the bonus. If balance falls below this amount, the account must be closed.

Additional Information

Additional investments are permitted.

If the account is closed before the anniversary date – no bonus will be paid.

Unincorporated bodies could be Partnerships, Sole Traders, Clubs and Associations. If one partner is a corporate body e.g. LLP or PLC then they can only open a Corporate or Deposit account.

Key documents

Identification Requirements for Entities pdf icon Unincorporated Bodies Application Form pdf icon

How to apply for our 1 Access Club and Community Saver

Branch

Find your nearest branch for more information or to make an appointment.

Post

You can apply now by printing the relevant application form at home.

Contact Us

If you wish to find out more information or get support with your application, contact our friendly Customer Service team.

Contact Us
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