Business 90 Day

Interest Rate: 

0.15% Gross/AER
 

 

Interest is payable monthly on the last day of the month and must be transferred to another account held by you with the Society.       

 
Can Swansea Building Society change the interest rate?
Interest rates are variable and may be amended at any time. We will give you one week’s prior written notice by post of any proposed change in our interest rates. They will also be posted on our website at www.swansea-bs.co.uk or you may telephone our Investment Department on 01792 739100. Details of savings interest rates are available in our Savings Accounts and Rates leaflet.
 
What would the estimated balance be after 12 months?
 
Projected Balance = £5,000*
 
*Based on a deposit of £5,000 with no additional deposits, withdrawals or changes in interest rate within the 12 month period. On this account interest earned must be transferred out of the account and therefore the balance would remain constant. The estimated amount of interest transferred to your other account(s) would be £7.50.
 

How do I open and manage my account?
Only one account per person/institution is allowed. To open an account you must be resident in Wales. Simply call at one of our branches or complete an application form and post it to us together with a cheque made payable to ‘Swansea Building Society a/c (your name)’. Minimum investment is £5,000.The maximum investment is £85,000 for an account held in a sole name or £170,000 for an account held in joint names. You will need to provide some identification when you open your account and details of our requirements can be obtained from your local branch or on our website. Deposits can be made by cheque, electronic bank transfer, transfer from another account held with the Society (subject to the Terms and Conditions of that account) or cash (cash deposits are limited to £3,000 per day).

Can I withdraw money?
Minimum withdrawal is £1 (or less if closing). Withdrawals can only be made at the expiry of 90 days from receipt of your formal notice to the Society to withdraw. Your notice must specify the amount to be withdrawn.

Additional information
For General Terms and Conditions applicable to this account see “General Terms and Conditions for the operation of Savings Accounts" available via the link below or from our branches.

Interest is paid gross without tax deducted.

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

Please note, the tax treatment and rate of interest payable depend on the individual circumstances of each customer and may change in the future.

Forms

You can download any of our application forms or related documentation here. If you need any help with completing one please give us a ring on 01792 739100 where one of our team will be happy to help you.