Business Premier

Interest Rate: 

£500-£2,500 0.05% Gross/AER
£2,500+ 0.10% Gross/AER

 

 

Interest is calculated daily and added to the account annually on the 31st December.

 
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 = £1,000.50
 
This figure is for illustration purposes and is based on a deposit of £1000 with no additional deposits, withdrawals or changes in interest rate within the 12 month period.
 
How do I open and manage my account?
To open an account you must be resident in Wales.. 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 £500.00. Maximum investment is £500,000. 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?
You can withdraw money from your account at any time without notice or penalty by visiting us at a branch or sending us your written instructions. A cheque book is available for account holders. The minimum amount which can be withdrawn by cheque is £100. If cheque withdrawal usage exceeds 100 cheques a year the Society reserves the right to withdraw the chequebook facility and issue the account holder with an account passbook instead.
 
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.