What is the interest rate? AER*
0.05% annual interest rate on balances £50+
0.10% annual interest rate on balances £500+
Interest is paid annually on 31st March.
(*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. The interest rate is guaranteed never to fall more than 5% below the Bank of England Base Rate (Bank of England Base Rate can be found at bankofengland.co.uk).
What would the estimated balance be?
If you were to open this account with £50 and no further deposits or withdrawals were made, you would earn £0.03 interest. This would result in a total balance of £50.03.
If you were to open this account with £500 and no further deposits or withdrawals were made, you would earn £0.50 interest. This would result in a total balance of £500.50.
Please note the illustrations provided are based upon a 12 month investment and do not reflect your specific circumstances.