Loyalty One Year 
Regular Saver 

Account Name

Loyalty One Year Regular Saver

What is the interest rate? AER*

6.00% annual interest rate on balances £50+

Interest is paid on maturity at the end of the one year term. The actual rate received may differ from the AER as some of the money that is paid in will have been in the account for less than one year. 

(*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 for the one year term 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? 

If you were to open this account with the maximum opening balance of £500 and made the maximum investment of £500 on the 1st of each month, the total amount deposited over the one year period would be £6,000 earning you £194.55 interest. This would result in a total balance of £6,194.55.

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

Who is eligible?

This account is available to existing customers only (including maturities), over the age of 16 who are personal savers resident in the UK. You must have held a live savings or mortgage account on or before the 17th July 2025.

Only one Loyalty One Year Regular saver per customer can be opened.

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. 

How do I open my savings account?

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

What is my minimum opening and operating balance?

£50 

What is my maximum operating balance?

£6,500

What is my maximum investment?

£500 per month

Can I withdraw money?

No withdrawals are permitted during the one year term following account opening, unless the account is closed. At the end of the one year term, you can invest in another account with the Society or withdraw your money. Prior to your account maturing, we will provide you with details of other accounts available. If you do not tell us what you would like to do with the funds in your account, the funds will be transferred into a default maturity account that is available at the end of maturity, but you may not receive the same interest rate.

You are not obliged to save into your account every month and you will not be penalised if you miss a monthly deposit.