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Our Online Savings Range

Our Online Savings range of accounts are available to open and manage online.

90 Day E-Notice Account Issue 1

3.60%

Gross rate / 3.60% AER

Rate Type

Variable

Notice accounts may be suitable for you if you have a larger sum of money to invest that you do not need to access immediately.

Contact Us Apply Online
Find out more
What is the interest rate? +Gross Rate%

3.60

 ^AER%

3.60
Interest is calculated daily and added to your account balance on the 31st December.

 
Can Penrith Building Society change the interest rate? Yes – the rate of interest paid on your account is variable and may be changed by us. Where we do so, we will give you reasonable notice in advance of the change.

For further details refer to our Savings Accounts Digital Terms and Conditions.
What would the estimated balance be after 12 months based on a £1000 deposit? Based on the rate of interest, if you deposited £1,000 in this account, after 12 months the balance would be £1,036.00.

This figure is provided for illustration purposes only. It is based on no transactions or changes to interest rates after the initial deposit.
How do I open and manage my account? Opening your account

  • This account is available to UK residents who are over 18 and can be opened and managed through our Penrith Online portal only
  • As part of our account opening process, we will confirm your identity. If we are unable to do this electronically, we may need to ask you for some additional personal identification
  • This account is limited to one account per individual customer (joint accounts are not permitted)

Savings limits & additional deposits

  • Minimum investment £500
  • Maximum investment £100,000– once the maximum amount has been invested no further credits to the account will be allowed. Interest will continue to be added to the account
  • The total limit on your combined savings with us should not exceed £250,000
  • A Nominated Bank Account must be set up at the point of account opening. We will only accept Nominated Bank Accounts in your name or to which you are a joint party from financial institutions that hold a UK banking licence
  • A deposit of a minimum of £500, made from your nominated bank account, must be received within 14 days of application
  • Payment of the funds into your account can only be made in £ sterling
Can I withdraw money? Yes, withdrawals can be made by giving us 90-day notice using the online portal. Once the notice period has been served the funds will be transferred to your Nominated Bank Account by bank transfer.
A minimum balance of £500 must remain in the account to keep it open.
Withdrawals cannot be made without serving the notice period.
If the 90-day notice period ends on a weekend or Bank Holiday, we will transfer the funds on the previous working day.
Additional Information
  • Tax treatment depends on individual circumstances and may be subject to change in the future.

+ Gross Rate is the rate of interest payable (without deduction of tax) and you will be responsible for paying tax you owe on interest as per your individual circumstances.
^ AER stands for annual equivalent rate and illustrates what the interest rate would be if interest was paid and compounded once each year.

We always try to provide a first-class service. Occasionally however things can go wrong. If they do, we will try to put them right. If you wish to make a complaint, our complaints procedures are detailed in the Savings Accounts Digital Terms Conditions for Savings Accounts.

If you would like to talk to us about your account, you can

  • Speak to a member of staff at our branch office at 7 King Street, Penrith, Cumbria, CA11 7AR.
  • Call one of our savings team on 01768 863675.
  • Email our savings team at savings@penrithbs.co.uk
  • Visit our website www.penrithbs.co.uk

DOWNLOAD SUMMARY BOX AS A PDF

DOWNLOAD THE TERMS AND CONDITIONS FOR SAVINGS ACCOUNTS

Easy Access E-Saver (Issue 1)

2.00%

Gross rate / 2.00% AER

Rate Type

Variable

A variable rate.

This account is available online only. 

Terms and conditions for the Easy Access E-Saver (Issue 1) are available by clicking “Find out more” below.

Contact Us Apply Online
Find out more

 

What is the interest rate? The interest rate is 2.00%
+Gross Rate% / ^AER%
Interest is variable, calculated daily and added to your account balance on 31st December.
Can Penrith Building Society change the interest rate? Yes – the rate of interest paid on your account is variable and may be changed by us. Where we do so, we will give you reasonable notice in advance of the change.

For further details refer to our Savings Accounts Digital Terms and Conditions.
What would the estimated balance be after 12 months based on a £1,000 deposit? Based on the rate of interest, if you deposited £1,000 in this account, after 12 months the balance would be £1,020.00.
This figure is provided for illustration purposes only. It is based on no transactions or changes to interest rates after the initial deposit.
How do I open and manage my account? Opening your account

  • This account is available to UK residents over 18 and is opened and managed through our online portal only
  • As part of our account opening process we will confirm your identity. If we are unable to do this electronically, we may need to ask you for some additional personal identification

Savings limits & additional deposits

  • Minimum investment £1
  • The total limit on your combined savings with us should not exceed £250,000
  • A Nominated Bank Account must be registered at the point of account opening. We will only accept Nominated Bank Accounts in your name or to which you are a joint party from financial institutions that hold a UK banking licence
  • A deposit into the account must be received within 14 days of application
  • Payment of the funds into your account can only be made in £ sterling from your Nominated Bank Account.
Can I withdraw money? Yes, there are no restrictions on making withdrawals. A minimum of £1 must remain in your account. Withdrawal requests received before 3pm will be processed by us on the same day and deposited into your nominated bank account the next working day. Requests received after 3pm will be processed by us on the next working day after receipt and will be deposited into your nominated bank account the following working day after processing.
Additional Information Tax treatment depends on individual circumstances and may be subject to change in the future.

+ Gross Rate is the rate of interest payable (without deduction of tax) and you will be responsible for paying tax you owe on interest as per your individual circumstances.
^ AER stands for annual equivalent rate and illustrates what the interest rate would be if interest was paid and compounded once each year.

We always try to provide a first-class service. Occasionally however things can go wrong. If they do we will try to put them right. If you wish to make a complaint, our complaints procedures are detailed in the Terms & Conditions for Savings Accounts.

If you would like to talk to us about your account you can

        • speak to a member of staff at our branch office at 7 King Street, Penrith, Cumbria. CA11 7AR
        • Call one of our team on 01768 863675
        • Email our savings team at savings@penrithbs.co.uk
        • Visit our website www.penrithbs.co.uk

DOWNLOAD SUMMARY BOX AS A PDF

DOWNLOAD THE TERMS AND CONDITIONS FOR SAVINGS ACCOUNTS

1 Year Fixed Rate E-Bond (Issue 3)

4.25%

Gross rate / 4.25% AER

Rate Type

Fixed

A fixed rate for 1 year.  

This account is available online only. 

Terms and conditions for the 1 Year Fixed Rate E-Bond (Issue 3) are available by clicking “Find out more” below.

Contact Us Apply Online
Find out more
What is the interest rate? +Gross Rate%

4.25

 ^AER%

4.25
Interest is calculated daily and will be added to the account on maturity.
Can Penrith Building Society change the interest rate? No, as the interest rate is fixed, the rate will not change for the term of the account.
What would the estimated balance be after 12 months based on a £5,000 deposit? Based on the fixed rate of interest, if you deposited £5,000 in this account, after 12 months the balance would be £5,212.50.

At the end of the 1 year term the maturity balance would be £5,212.50.

This figure is provided for illustration purposes only. It is based on no transactions after the initial deposit.
How do I open and manage my account? Opening your account.

  • This account is available to UK residents over 18 and is opened and managed through our online portal only
  • As part of the account opening process we will confirm your identity. If we are unable to do this electronically, we may need to ask you for some additional personal identification
  • This account is limited to one account per individual customer (joint accounts are not permitted)

Savings limits & additional deposits.

  • Minimum investment £5,000
  • Maximum investment £120,000
  • The total limit on your combined savings with us should not exceed £250,000
  • You will not receive a passbook for this account
  • A Nominated Bank Account must be registered at the point of account opening. We will only accept Nominated Bank Accounts in your name or to which you are a joint party from financial institutions that hold a UK banking licence
  • Deposits into the account must be received within 14 days of application. No further credits will be allowed after 14 Days
  • Payment of the funds into your account can only be made in £ sterling from your Nominated Bank Account
Can I withdraw money?
  • No withdrawals or closures are allowed within the term of this account.
  • This account will mature 1 year from the day we receive your first deposit. We will contact you before the end of the fixed period to let you know the options available to you on maturity. If we do not hear back from you, your savings will mature into our Easy Access Saver.
Additional Information
  • Tax treatment depends on individual circumstances and may be subject to change in the future.

+ Gross Rate is the rate of interest payable (without deduction of tax) and you will be responsible for paying tax you owe on interest as per your individual circumstances.
^ AER stands for annual equivalent rate and illustrates what the interest rate would be if interest was paid and compounded once each year.

We always try to provide a first-class service. Occasionally however things can go wrong. If they do, we will try to put them right. If you wish to make a complaint, the Society’s complaints procedures are detailed in the Terms & Conditions for Savings Accounts.

If you would like to talk to us about your account, you can

  • speak to a member of staff at our branch office at 7 King Street, Penrith, Cumbria, CA11 7AR.
  • Call one of our savings team on 01768 863675.
  • Email our savings team at savings@penrithbs.co.uk
  • Visit our website www.penrithbs.co.uk

DOWNLOAD SUMMARY BOX OF THIS PRODUCT

DOWNLOAD THE TERMS AND CONDITIONS FOR SAVINGS ACCOUNTS

2 Year Fixed Rate E-Bond (Issue 4)

4.11%

Gross rate / 4.11% AER

Rate Type

Fixed

A fixed rate for 2 years.  

This account is available online only. 

Terms and conditions for the 2 Year Fixed Rate E-Bond (Issue 4) are available by clicking “Find out more” below.

Contact Us Apply Online
Find out more
What is the interest rate? +Gross Rate%

4.11

 ^AER%

4.11
Interest is calculated daily and will be added to the account annually on 31st December and on maturity.
Can Penrith Building Society change the interest rate? No, as the interest rate is fixed, the rate will not change for the term of the account.
What would the estimated balance be after 12 months based on a £5,000 deposit? Based on the fixed rate of interest, if you deposited £5,000 in this account, after 12 months the balance would be £5,205.00.

At the end of the 2 year term the maturity balance would be £5,419.45

This figure is provided for illustration purposes only. It is based on no transactions after the initial deposit.
How do I open and manage my account? Opening your account.

  • This account is available to UK residents over 18 and is opened and managed through our online portal only
  • As part of the account opening process we will confirm your identity. If we are unable to do this electronically, we may need to ask you for some additional personal identification
  • This account is limited to one account per individual customer (joint accounts are not permitted)

Savings limits & additional deposits.

  • Minimum investment £5,000
  • Maximum investment £120,000
  • The total limit on your combined savings with us should not exceed £250,000
  • You will not receive a passbook for this account
  • A Nominated Bank Account must be registered at the point of account opening. We will only accept Nominated Bank Accounts in your name or to which you are a joint party from financial institutions that hold a UK banking licence
  • Deposits into the account must be received within 14 days of application. No further credits will be allowed after 14 Days
  • Payment of the funds into your account can only be made in £ sterling from your Nominated Bank Account
Can I withdraw money?
  • No withdrawals or closures are allowed within the term of this account.
  • This account will mature 2 years from the day we receive your first deposit. We will contact you before the end of the fixed period to let you know the options available to you on maturity. If we do not hear back from you, your savings will mature into our Easy Access Saver.
Additional Information
  • Tax treatment depends on individual circumstances and may be subject to change in the future.

+ Gross Rate is the rate of interest payable (without deduction of tax) and you will be responsible for paying tax you owe on interest as per your individual circumstances.
^ AER stands for annual equivalent rate and illustrates what the interest rate would be if interest was paid and compounded once each year.

We always try to provide a first-class service. Occasionally however things can go wrong. If they do, we will try to put them right. If you wish to make a complaint, the Society’s complaints procedures are detailed in the Terms & Conditions for Savings Accounts.

If you would like to talk to us about your account, you can

  • speak to a member of staff at our branch office at 7 King Street, Penrith, Cumbria, CA11 7AR.
  • Call one of our savings team on 01768 863675.
  • Email our savings team at savings@penrithbs.co.uk
  • Visit our website www.penrithbs.co.uk

DOWNLOAD SUMMARY BOX OF THIS PRODUCT

DOWNLOAD THE TERMS AND CONDITIONS FOR SAVINGS ACCOUNTS
X

Your eligible deposits held by a UK establishment of Penrith Building Society are protected up to a total of £85,000 by the Financial Services Compensation Scheme, the UK’s deposit protection scheme. Any deposits you hold above the limit are unlikely to be covered.

Further information is available here »»
(PDF Version)

Or visit www.fscs.org.uk.

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