Skip to main content
Valley in lake district with some cows

Savings Product Finder

Use our Savings Product Finder to explore our current range of savings accounts

  • Regular Saver 200 (Issue 2)

    5.00%

    Gross rate / 5.00% AER

    Rate Type

    Variable

    Regular Saver accounts allow you to save a sum of money each month and usually for a specific period of time. Great for building your savings habit or saving for a special purchase.

    Please note this account is only available in branch.  

    Find out more
    What is the interest rate? +Gross Rate%

    5.00

    ^AER%

    5.00

    Interest is paid annually on 31st December and will be added to the account balance.

    This is a two-year fixed term, monthly subscription account.

    Can Penrith Building Society change the interest rate? Rates are variable. This means we may increase or decrease the rates at any time. We will give you reasonable notice in advance of the change.

    For further details please see section 7 of the Terms and Conditions for Savings Accounts.

    What would the estimated balance be after 24 months based on a maximum monthly subscription of £200 per month? £5,053.25

    This projection is provided for illustrative purposes only. It is based on the maximum monthly subscription of £200 being made for the full term of 2 years, that no withdrawals are made, and interest being added to the account. The projected balance is based on the annual interest rate.

    How do I open and manage my account?
    • This account is available to UK residents and can be opened in branch only. To open an account simply call into Penrith Building Society with identification and complete the relevant application form. Details of identification requirements can be obtained from our branch or on our website.
    • Minimum investment £1.
    • The maximum monthly subscription is £200 for 24 months, the monthly subscription can be any amount up to the maximum. You are not required to make monthly subscriptions however, if a monthly subscription is missed this cannot be caught up in subsequent months.
    • A month means a calendar month, beginning on the first day of that calendar month and ending on    the last day of that calendar month.
    • This is a two-year fixed term monthly subscription account.
    • The Society’s total limit on combined savings should not exceed £250,000.
    • This account in limited to one account per individual customer (joint accounts are not permitted).
    • You can make payments into your account at any time by cash or cheque at our office during our normal opening hours by bank transfer or by post.
    • Cheques made payable to the Society will only be accepted for payment into an account if they contain details (such as the name(s) of the account holder(s) or the account number).
    • You will receive an annual statement to help keep track of your savings. You will not receive a passbook for this account.
    • Payments into your account can only be made in £ sterling.
    Can I withdraw money?
    • A maximum of two withdrawals per calendar year (January to December) only are permitted. Withdrawals can be made on demand during our normal business hours subject to our withdrawal limits and leaving the minimum balance of £1. The account cannot be closed prior to maturity other than in the event of death.
      On maturity, if no maturity instructions have been received, the maturing funds, including compounded interest will be transferred to an Instant Access Account.

    You can withdraw money in the following ways:

    • In person at our branch
    • By written postal request
    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

    • Send us a secure message through our Penrith Online portal
    • Email our savings team at savings@penrithbs.co.uk
    • Speak to our savings team on 01768 863675

    DOWNLOAD KEY PRODUCT INFORMATION AS A PDF

    DOWNLOAD THE TERMS AND CONDITIONS FOR SAVINGS ACCOUNTS

  • Regular E-Saver 200 (Issue 1)

    5.00%

    Gross rate / 5.00% AER

    Rate Type

    Variable

    Regular Saver accounts allow you to save a sum of money each month and usually for a specific period of time. Great for building your savings habit or saving for a special purchase.

    Please note this account is only available online.

    Find out more
    SUMMARY BOX
    Account Name Regular E Saver 200 (Issue 1)
    What is the interest rate? +Gross Rate % / ^AER%

    5.00

    • Interest is paid annually on 31st December and on maturity and will be added to the account balance.
    • This is a two-year fixed term, variable rate, monthly subscription account.
    Can Penrith Building Society change the interest rate?

     

     

     

     

    Rates are variable. This means we may increase or decrease the rates at any time. We will give you reasonable notice in advance of any change.

    For further details please see section 7 of our Terms and Conditions for Savings Accounts.

    What would the estimated balance be after 24 months based on a maximum monthly subscription of £200 per month?

     

     

    £5,053.25

    This projection is provided for illustrative purposes only. It is based on the maximum monthly subscription of £200 being made for the full term of 2 years, that no withdrawals are made, and interest being added to the account. The projected balance is based on the annual interest rate.

     

    How do I open and manage my account?
    •  This account is available to UK residents who are over 18 and can be opened and managed online through our Penrith Online Portal.
    •  Minimum investment £1.
    •  The maximum monthly subscription is £200 for 24 months, the monthly subscription can be any amount up to the maximum. You are not required to make monthly subscriptions however, if a monthly subscription is missed this cannot be caught up in subsequent months.
    •  A month means a calendar month, beginning on the first day of that calendar month and ending on the last day of that calendar month.
    • This is a two-year fixed term monthly subscription account.
    •   The Society’s total limit on combined savings should not exceed £250,000.
    •  This account is limited to one account per individual customer (joint accounts are not permitted).
    •  A Nominated UK Bank Account must be set up at the point of account opening and all withdrawals will be made to this account. (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).
    •    You can make payments into your account at any time by bank transfer.
    •  Payments into your account can only be made in £ sterling.
    •  You will receive an annual statement to help keep track of your savings. You will not receive a passbook for this account.
    Can I withdraw money?
    • You can withdraw money in the following ways:
    •   Withdrawals can be requested to your nominated bank account by using the withdrawal request   facility in your online savings portal. Your nominated bank account must be a UK bank or building  society account in your name or to which you are a joint party.
    •  When you request a withdrawal using the online saving portal, we will action it by the end of the  next working day following receipt.
    • A maximum of four withdrawals per calendar year (January to December) . 
    • The account will be closed upon the 5th withdrawal in the same calendar year

    On maturity, if no maturity instructions have been received, the maturing funds, including compounded interest will be transferred to an Instant Access Account.  

    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 stnds 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.

    Online Payments

    You can set up regular payments to your Penrith Building Society Regular Saver online; please allow adequate time for the Society to receive the payment. This may be affected by weekends, bank holidays and short months.

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

    • Send us a secure message through our Penrith Online portal.
    • Email our online savings team at support@penrithbs.co.uk
    • Speak to our online savings team on 01768 863675
  • Instant Access Share

    2.80%

    Gross rate / 2.80% AER (over £5,000)

    2.50%

    Gross rate / 2.50% AER (over £1,000)

    2.25%

    Gross rate / 2.25% AER (under £1,000)

    Rate Type

    Variable

    For savers with short-term goals in mind, an Instant Access account is an option well worth considering. Whether you’re saving for a holiday, new car, or wedding – or just putting a little aside for a rainy day – an Instant Access savings account can provide the flexibility required to get to your funds easily whenever they’re needed.

    X

    Download an application form

    To be able to download an application form you must first read the documentation below. Only when you have read the information and fully understand how the account works should you click to download the application form. For sole applications please complete only Account Holder 1 sections

    Download an application form

    Print, complete and post your application form to:

    Penrith Building Society, 7 King Street, Penrith, Cumbria, CA11 7AR

    Before posting you should remember to include:

    • Proof of your identity
    • A cheque for your opening deposit from your personal bank account

    If you have any questions about opening an account with us please email enquiries@penrithbs.co.uk or call us on 01768 863675.

    Download Application
    Find out more
    What is the interest rate? Total Balance

    Up to £999.99

    £1,000 to £4,999

    Over £5,000

    +Gross Rate%

    2.25

    2.50

    2.80

    ^AER%

    2.25

    2.50

    2.80

    Interest is paid annually on 31st December and can be added to the account balance or paid to another bank or building society account by BACS transfer
    Can Penrith Building Society change the interest rate? Rates are variable. This means we may increase or decrease the rates at any time. When we increase the rates we will tell you about it by placing notices in our Principal Office, on our website or in the local press within three working days of the change or within 30 days of the change, by letter or other personal notice.

    Where the change is a reduction in the interest rate we will give you written notification of the change before it comes into effect.

    This does not apply to:

    • interest rate tiers applicable to balances below the minimum operating balance for the account (provided we have clearly told you about the minimum balance requirements); or
    • fixed rate accounts

    If your account has a balance of £100 or more at the time the decision is taken to change the interest rate notification will be provided either:

    • at least 14 days before the rate change. You will then have a period of 30 days from the date of notification during which you may close or switch your account without having to give any period of notice or having to lose any interest or pay additional charges; or
    • the notification will be provided at least 14 days plus the period of notice applicable to the account (or 30 days if longer than the notice period) before the rate change. In this case the normal notice period for making withdrawals from or closing the account will apply.

    If you do not notify us that you object to a change before the date on which it comes into effect, you will be deemed to have accepted it.

    The information on our website will be updated within three working days of an interest rate change.

    What would the estimated balance be after 12 months based on a £100 deposit? £102.25

    This projection is provided for illustrative purposes only. It is based on no further deposits or withdrawals being made and interest being added to the account. The projected balance is based on the annual interest rate.

    What would the estimated balance be after 12 months based on a £1,000 deposit? £1,025.00

    This projection is provided for illustrative purposes only. It is based on no further deposits or withdrawals being made and interest being added to the account. The projected balance is based on the annual interest rate.

    What would the estimated balance be after 12 months based on a £5,000 deposit? £5,140.00

    This projection is provided for illustrative purposes only. It is based on no further deposits or withdrawals being made and interest being added to the account. The projected balance is based on the annual interest rate.

    How do I open and manage my account?
    • This account is available to UK residents and can be opened in branch or by post, to open an account simply call into Penrith Building Society with identification and complete the relevant application form. Alternatively an application pack can be downloaded from our website or posted to you. Details of identification requirements can be obtained from our branch or on our website
    • Minimum investment £1
    • The Society’s total limit on combined savings should not exceed £250,000
    • You can make payments into your account at any time by cash or cheque at our office during our normal opening hours by bank transfer or by post
    • Cheques made payable to the Society will only be accepted for payment into an account if they contain details (such as the name(s) of the account holder(s) or the account number)
    • You will receive a passbook to help keep track of your savings
    • Payments into your account can only be made in £ sterling
    • 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
      • Visit our website www.penrithbs.co.uk
    Can I withdraw money? Withdrawals can be made on demand during our normal business hours subject to our withdrawal limits and leaving the minimum balance of £1. You must produce your passbook at the time of withdrawal. You can withdraw money in the following ways:

    • In person at our branch
    • By written postal request
    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.

     

    DOWNLOAD KEY PRODUCT INFORMATION AS A PDF

    DOWNLOAD THE TERMS AND CONDITIONS FOR SAVINGS ACCOUNTS

  • Affinity Instant Access Account

     3.20%

    Gross rate / 3.20% AER

    Rate Type

    Variable

    You can choose to support one of our affinity partners by opening an Affinity Instant Access Share. We donate a percentage of the average balance on these accounts to your chosen affinity partner annually. 

    X

    Download an application form

    To be able to download an application form you must first read the documentation below. Only when you have read the information and fully understand how the account works should you click to download the application form. For sole applications please complete only Account Holder 1 sections

    Download an application form

    Print, complete and post your application form to:

    Penrith Building Society, 7 King Street, Penrith, Cumbria, CA11 7AR

    Before posting you should remember to include:

    • Proof of your identity
    • A cheque for your opening deposit from your personal bank account

    If you have any questions about opening an account with us please email enquiries@penrithbs.co.uk or call us on 01768 863675.

    Download Application
    Find out more
    What is the interest rate? +Gross Rate%

    3.20

    ^AER%

    3.20

    Interest is paid annually on 31st December and will be added to the account balance
    Can Penrith Building Society change the interest rate? Rates are variable. This means we may increase or decrease the rates at any time. When we increase the rates we will tell you about it by placing notices in our Principal Office, on our website or in the local press within three working days of the change or within 30 days of the change, by letter or other personal notice.

    Where the change is a reduction in the interest rate we will give you written notification of the change before it comes into effect.

    This does not apply to:

    • interest rate tiers applicable to balances below the minimum operating balance for the account (provided we have clearly told you about the minimum balance requirements); or
    • fixed rate accounts

    If your account has a balance of £100 or more at the time the decision is taken to change the interest rate notification will be provided either:

    • at least 14 days before the rate change. You will then have a period of 30 days from the date of notification during which you may close or switch your account without having to give any period of notice or having to lose any interest or pay additional charges; or
    • the notification will be provided at least 14 days plus the period of notice applicable to the account (or 30 days if longer than the notice period) before the rate change. In this case the normal notice period for making withdrawals from or closing the account will apply.

    If you do not notify us that you object to a change before the date on which it comes into effect, you will be deemed to have accepted it.

    The information on our website will be updated within three working days of an interest rate change.

    What would the estimated balance be after 12 months based on a £1,000 deposit? £1,032

    This projection is provided for illustrative purposes only. It is based on no further deposits or withdrawals being made and interest being added to the account. The projected balance is based on the annual interest rate.

    How do I open and manage my account?
    • This account is available to UK residents and can be opened in branch or by post, to open an account simply call into Penrith Building Society with identification and complete the relevant application form. Alternatively an application pack can be downloaded from our website or posted to you. Details of identification requirements can be obtained from our branch or on our website
    • Minimum investment £1
    • Maximum investment £20,000
    • Only one account per customer held individually or jointly
    • The Society’s total limit on combined savings should not exceed £250,000
    • You can make payments into your account at any time by cash or cheque at our office during our normal opening hours by bank transfer or by post
    • Cheques made payable to the Society will only be accepted for payment into an account if they contain details (such as the name(s) of the account holder(s) or the account number)
    • You will receive a passbook to help keep track of your savings
    • Payments into your account can only be made in £ sterling
    • 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
      • Visit our website www.penrithbs.co.uk
    Can I withdraw money? Withdrawals can be made on demand during our normal business hours subject to our withdrawal limits and leaving the minimum balance of £1. You must produce your passbook at the time of withdrawal. You can withdraw money in the following ways:

    • In person at our branch
    • By written postal request
    Additional Information
    • Tax treatment depends on individual circumstances and may be subject to change in the future.
    • By opening an Eden Valley Hospice & Jigsaw, Cumbria’s Children’s Hospice Affinity Account with Penrith Building Society, you can help them to continue to provide specialist care and support to local people who have life limiting conditions, without it costing you a penny. Penrith Building Society will make a cash payment each year to Eden Valley Hospice and Jigsaw, Cumbria’s Children’s Hospice equal to 0.50% gross interest on the average total balance held in all Eden Valley Hospice & Jigsaw, Cumbria’s Children’s Hospice Affinity Accounts.

    + 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.

    DOWNLOAD KEY PRODUCT INFORMATION AS A PDF

    DOWNLOAD THE TERMS AND CONDITIONS FOR SAVINGS ACCOUNTS

  • ISA Issue 3

    3.95%

    Tax free rate / 3.95% AER 

    Rate Type

    Variable

    Put simply, a Tax-Free account means you don’t have to pay tax on the interest that you earn. With other savings accounts, the interest you earn is paid on a gross basis (without the deduction of tax), but you may still have an obligation to pay tax on it if the sum earned is above a certain level.

    X

    Download an application form

    To be able to download an application form you must first read the documentation below. Only when you have read the information and fully understand how the account works should you click to download the application form. For sole applications please complete only Account Holder 1 sections

    Download an application form

    Print, complete and post your application form to:

    Penrith Building Society, 7 King Street, Penrith, Cumbria, CA11 7AR

    Before posting you should remember to include:

    • Proof of your identity
    • A cheque for your opening deposit from your personal bank account

    If you have any questions about opening an account with us please email enquiries@penrithbs.co.uk or call us on 01768 863675.

    Download Application
    Find out more
    What is the interest rate? +Tax Free Rate%

    3.95

    ^AER%

    3.95

    Interest is paid annually on 5th April and will be added to the account balance
    Can Penrith Building Society change the interest rate? Rates are variable. This means we may increase or decrease the rates at any time. When we increase the rates we will tell you about it by placing notices in our Principal Office, on our website or in the local press within three working days of the change or within 30 days of the change, by letter or other personal notice.

    Where the change is a reduction in the interest rate we will give you written notification of the change before it comes into effect.

    This does not apply to:

    • interest rate tiers applicable to balances below the minimum operating balance for the account (provided we have clearly told you about the minimum balance requirements); or
    • fixed rate accounts

    If your account has a balance of £100 or more at the time the decision is taken to change the interest rate notification will be provided either:

    • at least 14 days before the rate change. You will then have a period of 30 days from the date of notification during which you may close or switch your account without having to give any period of notice or having to lose any interest or pay additional charges; or
    • the notification will be provided at least 14 days plus the period of notice applicable to the account (or 30 days if longer than the notice period) before the rate change. In this case the normal notice period for making withdrawals from or closing the account will apply.

    If you do not notify us that you object to a change before the date on which it comes into effect, you will be deemed to have accepted it.

    The information on our website will be updated within three working days of an interest rate change.

    What would the estimated balance be after 12 months based on a £1,000 deposit? £1,039.50

    This projection is provided for illustrative purposes only. It is based on no further deposits or withdrawals being made and interest being added to the account. The projected balance is based on the annual interest rate.

    How do I open and manage my account?
      • This account can be opened in branch or by post, to open an account simply call into Penrith Building Society with your national insurance number and identification and complete the relevant application form. Alternatively, an application pack can be downloaded from our website or posted to you. Details of identification requirements can be obtained from our branch or on our website
      • This account is available to UK residents who live in Cumbria
      • You must be over the age of 18 with a valid National Insurance number
      • Minimum investment £100
      • The maximum annual subscription limit in the tax year 2024/25 is £20,000
      • The maximum balance of the ISA issue 3 is £100,000
    • Full and partial transfers into the ISA Issue 3 are permitted at this time
    • The Society’s total limit on combined savings should not exceed £250,000
    • You can make payments into your account at any time by cash or cheque at our office during our normal opening hours by bank transfer or by post
    • Cheques made payable to the Society will only be accepted for payment into an account if they contain details (such as the name(s) of the account holder(s) or the account number)
    • You will receive a passbook to help keep track of your savings
    • Payments into your account can only be made in £ sterling
    • 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
      • Visit our website www.penrithbs.co.uk
    Can I withdraw money? You can withdraw any available funds or transfer to another ISA provider without loss of interest. Transfers can either be in full or partial, please note that the ISA Issue 3 is not a flexible ISA, withdrawing money from your Cash ISA account doesn’t reset your tax-free ISA allowance. If you save up to your entire ISA allowance then withdraw some money, you can’t put anything else back into your ISA in that tax year.

    If at any time the balance on your Cash ISA drops below £100 the account will be automatically closed 28 days from the date of the withdrawal which brought the balance below £100, unless instructions are received to transfer the remaining funds to another ISA Manager.

    Withdrawals can be made on demand during our normal business hours subject to our withdrawal limits and leaving the minimum balance of £100. You must produce your passbook at the time of withdrawal. You can withdraw money in the following ways:

    • In person at our branch
    • By written postal request

    For further information please refer to Conditions 9 and 10 of the Terms & Conditions for Investment Accounts.

    Additional Information Your ISA savings are tax exempt and do not count towards your Personal Savings Allowance. The tax treatment of ISA’s may be subject to change in the future.

    + Tax Free Rate is the contractual rate of interest payable where interest is exempt from income tax.
    ^ AER stands for annual equivalent rate and illustrates what the interest rate would be if interest was paid and compounded once each year.

    DOWNLOAD KEY PRODUCT INFORMATION AS A PDF

    DOWNLOAD THE TERMS AND CONDITIONS FOR SAVINGS ACCOUNTS

    Key Features of the Cash ISA Issue 3

    The Financial Conduct Authority is a financial services regulator. It requires us, Penrith Building Society, to give you this important information to help you decide whether our Cash ISA Issue 3 is right for you. You should read this document carefully so that you understand what you are buying, and then keep it safe for future reference.
    An ISA can be a Cash ISA, a Stocks and Shares ISA, an Innovative Finance ISA or a Lifetime ISA (LISA). Here at Penrith Building Society we only offer Cash ISA savings accounts and the ISA explained in this leaflet is a Cash ISA. We also offer an Additional Permitted Subscription (APS) ISA and a Junior ISA, please ask in branch for separate details and terms and conditions.
    If you are an adult, then in any tax year you can pay into one Cash ISA, one Stocks and Shares ISA, one Innovative Finance ISA and one Lifetime ISA (LISA). You can save up to the limit in any type or a combination of all four. Your ISAs can be with the same provider if they offer all types or with different providers. A tax year runs from 6th April in one year to 5th April the following year.

    There is no tax to pay on your Cash ISA interest and this does not count towards your Personal Savings Allowance, for more information on this please visit www.gov.uk and search for Personal Savings Allowance.

    Eligibility
    To apply for an ISA Issue 3 you must:

    • Be an individual age 18 or over
    • Be resident in the United Kingdom or, if not so resident, be performing duties as a Crown employee serving overseas and paid out of the public revenue of the United Kingdom (typically a serving member of the armed forces, or a diplomat), or be married to, or in a civil partnership with, such a person
    • Provide a National Insurance number and date of birth
    • Provide confirmation of identity and address, details of identification requirements are available in branch or online at www.penrithbs.co.uk
    • Not have exceeded the overall subscription limit.
    • In certain circumstances we will accept applications signed by somebody acting on behalf of a physically or mentally incapacitated investor
    • An ISA Issue 3 cannot be opened before a valid application form is completed and held by us.

    General Operation

    • The Penrith Building Society ISA Issue 3 is available in branch or by post
    • The minimum opening deposit and operating balance is £100
    • Transfers into the ISA Issue 3 are permitted
    • You may transfer your ISA Issue 3 to another provider, this can be transferred in full or partial transfer from this account.
    • Deposits can be made in cash or by cheque, at the Society’s branch, or by post, you will receive a passbook to help keep track of your savings.

    Can I transfer my Cash ISA from another provider to the Penrith Building Society?
    Yes, the ISA issue 3 accepts both full and partial transfers up to the account limit.

    Can I transfer my Penrith Building Society Cash ISA to another provider?
    Yes, subject to the new ISA Manager agreeing to accept the transfer. Transfers to other Cash ISA providers are permitted and are penalty free. If you ever wish to transfer your Penrith Building Society Cash ISA to another provider you will need to complete a Cash ISA Transfer Application form with your new provider, who will forward the request to us. You will need to send us your passbook and can do this direct, or via your new Cash ISA provider.

    What if I change my mind?
    You have 14 days after the date that your account is opened to change your mind. You can cancel your investment by letting us know in writing during this period and your cancelled Cash ISA will not count as an ISA subscription. Any interest that you have earned on your savings during this period will be paid gross.

    Are you a new customer to Penrith Building Society?
    If you are a new customer, you will need to provide some form of identification and verification of address. Details of acceptable documentary evidence accompany this factsheet. You will also need to provide us with your National Insurance number.

    The Financial Services Compensation Scheme
    Penrith Building Society is a participant of the Financial Services Compensation Scheme (FSCS) and your deposits are protected under this scheme.

    For further information about the compensation provided by the FSCS, refer to the FSCS website at www.fscs.org.uk

    Complaints
    The Society always tries 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 and Conditions for Investments Accounts booklet.

    Further Information
    Information on ISAs can be obtained from the HMRC ISA Helpline on 0300 200 3312, or by visiting www.gov.uk/individual-savings-accounts

    General Terms & Conditions

    • You must be, and must remain, the beneficial owner of the funds in the account. The account cannot be used as security for a loan
    • The Society does not have to recognise the interest or claim of any person other than the account holder in respect of money held in any account, nor will the Society be liable in any way for failing to recognise such interest or claim, except as required by law
    • The holder of a Penrith Building Society ISA Issue 3 is a member of the Society and as such is bound by the Rules of the Society as they apply from time to time. A copy of the Rules can be obtained on request on opening the account. In the event that a member loses his/her copy of the Rules and wishes to obtain a replacement, a nominal charge of £1.00 will be levied
    • Penrith Building Society will satisfy itself that any person to whom it delegates any of its functions or responsibilities under the terms agreed with the investor is competent to carry out those functions and responsibilities
    • These conditions should be read in conjunction with the Society’s Terms & Conditions for Investment Accounts booklet, which also contains details of the Society’s complaints procedures. It is important that the details set out in both this document and the booklet are read through carefully before you open the account
    • The account must not be a joint account or held on behalf of a person other than the account holder
    • The account will be operated in accordance with prevailing rules and regulations and legislation, which may, of course, be varied from time to time by the Government
    • Penrith Building Society will notify you, if by reason of any failure to satisfy the provisions of the ISA regulations, your Penrith Building Society ISA Issue 3, has, or will become void
    • The minimum operating balance is £100
    • On instructions received from you, your ISA Issue 3, with all rights and obligations, shall be transferred to another ISA manager in accordance with the ISA Regulations relating to transfers. On receipt of your transfer instructions from your new ISA Manager, we will send your funds and accompanying information to them within 5 business days from the date of receipt
    • On your instructions and within the time stipulated by you all the investments held in the ISA Issue 3 and the proceeds arising from those investments shall be transferred or paid to you
    • The Penrith Building Society ISA Issue 3 can run from one tax year to the next, but if there is a break between subscriptions which lasts for a whole tax year, you must make a fresh application before subscriptions can recommence
  • 90 Day Notice ISA

     4.36%

    Tax free rate / 4.36% AER 

    Rate Type

    Variable

    Put simply, a Tax-Free account means you don’t have to pay tax on the interest that you earn. With other savings accounts, the interest you earn is paid on a gross basis (without the deduction of tax), but you may still have an obligation to pay tax on it if the sum earned is above a certain level.

    X

    Download an application form

    To be able to download an application form you must first read the documentation below. Only when you have read the information and fully understand how the account works should you click to download the application form. For sole applications please complete only Account Holder 1 sections

    Download an application form

    Print, complete and post your application form to:

    Penrith Building Society, 7 King Street, Penrith, Cumbria, CA11 7AR

    Before posting you should remember to include:

    • Proof of your identity
    • A cheque for your opening deposit from your personal bank account

    If you have any questions about opening an account with us please email enquiries@penrithbs.co.uk or call us on 01768 863675.

    Download Application
    Find out more
    What is the interest rate? +Tax Free Rate%

    4.36

    ^AER%

    4.36

    Interest is paid annually on 5th April and will be added to the account balance
    Can Penrith Building Society change the interest rate? Rates are variable. This means we may increase or decrease the rates at any time. When we increase the rates we will tell you about it by placing notices in our Principal Office, on our website or in the local press within three working days of the change or within 30 days of the change, by letter or other personal notice.

    Where the change is a reduction in the interest rate we will give you written notification of the change before it comes into effect.

    This does not apply to:

    • interest rate tiers applicable to balances below the minimum operating balance for the account (provided we have clearly told you about the minimum balance requirements); or
    • fixed rate accounts

    If your account has a balance of £100 or more at the time the decision is taken to change the interest rate notification will be provided either:

    • at least 14 days before the rate change. You will then have a period of 30 days from the date of notification during which you may close or switch your account without having to give any period of notice or having to lose any interest or pay additional charges; or
    • the notification will be provided at least 14 days plus the period of notice applicable to the account (or 30 days if longer than the notice period) before the rate change. In this case the normal notice period for making withdrawals from or closing the account will apply.

    If you do not notify us that you object to a change before the date on which it comes into effect, you will be deemed to have accepted it.

    The information on our website will be updated within three working days of an interest rate change.

    What would the estimated balance be after 12 months based on a £1,000 deposit? £1,043.60

    This projection is provided for illustrative purposes only. It is based on no further deposits or withdrawals being made and interest being added to the account. The projected balance is based on the annual interest rate.

    How do I open and manage my account?
      • This account can be opened in branch or by post.
      • To open an account simply call into Penrith Building Society with your national insurance number and identification and complete the relevant application form. Alternatively, an application pack can be downloaded from our website or posted to you. Details of identification requirements can be obtained from our branch or on our website.
      • You must be over the age of 18 with a valid National Insurance number.
      • Minimum investment £100
      • The maximum annual subscription limit in the tax year 2024/25 is £20,000
    • Full and partial transfers into the 90 Day Notice ISA are permitted at this time.
    • The Society’s total limit on combined savings should not exceed £250,000
    • You can make payments into your account at any time by cash or cheque at our office during our normal opening hours by bank transfer or by post
    • Cheques made payable to the Society will only be accepted for payment into an account if they contain details (such as the name(s) of the account holder(s) or the account number)
    • You will receive a passbook to help keep track of your savings
    • Payments into your account can only be made in £ sterling
    • 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
      • Visit our website www.penrithbs.co.uk
    Can I withdraw money?
      • You can withdraw any available funds subject to serving 90 days’ notice. Transfers out can either be in full or partial and will be subject to 90 days’ interest penalty if notice period is not served. Transfers will be processed as per the ISA guidance.
      • Please note that the 90 Day Notice ISA is not a flexible ISA, withdrawing money from your 90 Day Notice ISA account doesn’t reset your tax-free ISA allowance. If you save up to your entire ISA allowance then withdraw some money, you can’t put anything else back into your ISA in that tax year.
      • If at any time the balance on your 90 Day Notice ISA drops below £100 the account will be automatically closed 28 days from the date of the withdrawal which brought the balance below £100, unless instructions are received to transfer the remaining funds to another ISA Manager.
      • Withdrawals can be made on demand during our normal business hours subject to our withdrawal limits and leaving the minimum balance of £100. You must produce your passbook at the time of withdrawal. You can withdraw money in the following ways:
      • • In person at our branch
      • • By written postal request
    • For further information please refer to Conditions 9 and 10 of the Terms & Conditions for Investment Accounts.
    Additional Information Your ISA savings are tax exempt and do not count towards your Personal Savings Allowance. The tax treatment of ISA’s may be subject to change in the future.

    + Tax Free Rate is the contractual rate of interest payable where interest is exempt from income tax.
    ^ AER stands for annual equivalent rate and illustrates what the interest rate would be if interest was paid and compounded once each year.

     

    DOWNLOAD KEY PRODUCT INFORMATION AS A PDF
     

    DOWNLOAD THE TERMS AND CONDITIONS FOR SAVINGS ACCOUNTS

    Key Features of the 90 day notice ISA

    The Financial Conduct Authority is a financial services regulator. It requires us, Penrith Building Society, to give you this important information to help you decide whether our 90 Day Notice ISA is right for you. You should read this document carefully so that you understand what you are buying, and then keep it safe for future reference. An ISA can be a Cash ISA, a Stocks and Shares ISA, an Innovative Finance ISA or a Lifetime ISA (LISA). Here at Penrith Building Society we only offer Cash ISA savings accounts and the ISA explained in this leaflet is a Cash ISA. We also offer an Additional Permitted Subscription (APS) ISA and a Junior ISA, please ask in branch for separate details and terms and conditions.

    If you are an adult, then in any tax year you can pay into one Cash ISA, one Stocks and Shares ISA, one Innovative Finance ISA and one Lifetime ISA (LISA). You can save up to the limit in any type or a combination of all four. Your ISAs can be with the same provider if they offer all types or with different providers. A tax year runs from 6th April in one year to 5th April the following year.

    There is no tax to pay on your Cash ISA interest and this does not count towards your Personal Savings Allowance, for more information on this please visit www.gov.uk and search for Personal Savings Allowance.

    Eligibility

    To apply for a 90 Day Notice ISA, you must:

    • Be an individual age 18 or over
    • Be resident in the United Kingdom or, if not so resident, be performing duties as a Crown employee serving overseas and paid out of the public revenue of the United Kingdom (typically a serving member of the armed forces, or a diplomat), or be married to, or in a civil partnership with, such a person
    • Provide a National Insurance number and date of birth
    • Provide confirmation of identity and address, details of identification requirements are available in branch or online at www.penrithbs.co.uk
    • Not have exceeded the overall subscription limit.
    • In certain circumstances we will accept applications signed by somebody acting on behalf of a physically or mentally incapacitated investor.
    • A 90 Day Notice ISA cannot be opened before a valid application form is completed and held by us.

    General Operation

    • The Penrith Building Society 90 Day Notice ISA is available in branch or by post
    • The minimum opening deposit and operating balance is £100
    • Transfers into the 90 Day Notice ISA are permitted.
    • You may transfer your 90 Day Notice ISA to another provider, this can be transferred in full or a partial transfer from this account.
    • Deposits can be made in cash or by cheque, at the Society’s branch, or by post, you will receive a passbook to help keep track of your savings.

    Can I transfer my Cash ISA from another provider to the Penrith Building Society?

    Yes, the 90 Day Notice ISA accepts both full and partial transfers in up to the account limit.

    Can I transfer my Penrith Building Society 90 Day Notice ISA to another provider?

    Yes, subject to the new ISA Manager agreeing to accept the transfer. Transfers to other Cash ISA providers are permitted and are subject to a 90 day interest penalty.. If you ever wish to transfer your Penrith Building Society 90 Day Notice ISA to another provider you will need to complete a Cash ISA Transfer Application form with your new provider, who will forward the request to us. You will need to send us your passbook and can do this direct, or via your new Cash ISA provider.

    What if I change my mind?

    You have 14 days after the date that your account is opened to change your mind.You can cancel your investment by letting us know in writing during this period and your cancelled 90 Day Notice ISA will not count as an IS A subscription. Any interest that you have earned on your savings during this period will be paid gross.

    Are you a new customer to Penrith Building Society?

    If you are a new customer, you will need to provide some form of identification and verification of address. Details of acceptable documentary evidence accompany this factsheet.You will also need to provide us with your National Insurance number.

    The Financial Services Compensation Scheme

    Penrith Building Society is a participant of the Financial Services Compensation Scheme (FSCS) and your deposits are protected under this scheme.
    For further information about the compensation provided by the FSCS, refer to the FSCS website at www.fscs.org.uk

    Complaints

    The Society always tries 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 and Conditions for Investments Accounts booklet.

    Further Information

    Information on ISAs can be obtained from the HMRC ISA Helpline on 0300 200 3312, or by visiting
    www.gov.uk/individual-savings-accounts

    General Terms & Conditions

    •  You must be, and must remain, the beneficial owner of the funds in the account. The account cannot be used as security for a loan
    • The Society does not have to recognise the interest or claim of any person other than the account holder in respect of money held in any account, nor will the Society be liable in any way for failing to recognise such interest or claim, except as required by law
    • The holder of a Penrith Building Society 90 Day Notice ISA is a member of the Society and as such is bound by the Rules of the Society as they apply from time to time. A copy of the Rules can be obtained on request on opening the account. In the event that a member loses his/her copy of the Rules and wishes to obtain a replacement, a nominal charge of £1.00 will be levied.
    • Penrith Building Society will satisfy itself that any person to whom it delegates any of its functions or responsibilities under the terms agreed with the investor is competent to carry out those functions and responsibilities
    • These conditions should be read in conjunction with the Society’s Terms & Conditions for Investment Accounts booklet, which also contains details of the Society’s complaints procedures. It is important that the details set out in both this document and the booklet are read through carefully before you open the account
    • The account must not be a joint account or held on behalf of a person other than the account holder
    • The account will be operated in accordance with prevailing rules and regulations and legislation, which may, of course, be varied from time to time by the Government
    • Penrith Building Society will notify you, if by reason of any failure to satisfy the provisions of the ISA regulations, your Penrith Building Society 90 Day Notice ISA, has, or will become void
    • The minimum operating balance is £100
    • On instructions received from you, your 90 Day Notice ISA, with all rights and obligations, shall be transferred to another ISA manager in accordance with the ISA Regulations relating to transfers. On receipt of your transfer instructions from your new ISA Manager, we will send your funds and accompanying information to them within 5 business days from the date of receipt
    • On your instructions and within the time stipulated by you all the investments held in the 90 Day Notice ISA and the proceeds arising from those investments shall be transferred or paid to you
    • The Penrith Building Society 90 Day Notice ISA can run from one tax year to the next, but if there is a break between subscriptions which lasts for a whole tax year, you must make a fresh application before subscriptions can recommence
  • 30 Day Notice Account

    3.90%

    Gross rate / 3.90% 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.

    X

    Download an application form

    To be able to download an application form you must first read the documentation below. Only when you have read the information and fully understand how the account works should you click to download the application form. For sole applications please complete only Account Holder 1 sections

    Download an application form

    Print, complete and post your application form to:

    Penrith Building Society, 7 King Street, Penrith, Cumbria, CA11 7AR

    Before posting you should remember to include:

    • Proof of your identity
    • A cheque for your opening deposit from your personal bank account

    If you have any questions about opening an account with us please email enquiries@penrithbs.co.uk or call us on 01768 863675.

    Download Application
    Find out more
    What is the interest rate? +Gross Rate%

    3.90

    ^AER%

    3.90

    Interest is paid annually on 31st December and can be added to the account balance or paid to another bank or building society account by BACS transfer
    Can Penrith Building Society change the interest rate? Rates are variable. This means we may increase or decrease the rates at any time. When we increase the rates we will tell you about it by placing notices in our Principal Office, on our website or in the local press within three working days of the change or within 30 days of the change, by letter or other personal notice.

    Where the change is a reduction in the interest rate we will give you written notification of the change before it comes into effect.

    This does not apply to:

    • interest rate tiers applicable to balances below the minimum operating balance for the account (provided we have clearly told you about the minimum balance requirements); or
    • fixed rate accounts

    If your account has a balance of £100 or more at the time the decision is taken to change the interest rate notification will be provided either:

    • at least 14 days before the rate change. You will then have a period of 30 days from the date of notification during which you may close or switch your account without having to give any period of notice or having to lose any interest or pay additional charges; or
    • the notification will be provided at least 14 days plus the period of notice applicable to the account (or 30 days if longer than the notice period) before the rate change. In this case the normal notice period for making withdrawals from or closing the account will apply.

    If you do not notify us that you object to a change before the date on which it comes into effect, you will be deemed to have accepted it.

    The information on our website will be updated within three working days of an interest rate change.

    What would the estimated balance be after 12 months based on a £1,000 deposit? £1,039.00

    This projection is provided for illustrative purposes only. It is based on no further deposits or withdrawals being made and interest being added to the account. The projected balance is based on the annual interest rate.

    How do I open and manage my account?
    • This account is available to UK residents who are over 16 and can be opened in branch or by post, to open an account simply call into Penrith Building Society with identification and complete the relevant application form. Alternatively, an application pack can be downloaded from our website orposted to you. Details of identification requirements can be obtained from our branch or on our website
    • Minimum investment £500
    • Maximum Investment £100,000 – once the maximum amount has been invested no further credits to the account will be allowed and all further interest accrued will need to be withdrawn from the account to ensure the maximum balance is not exceeded
    • The Society’s total limit on combined savings should not exceed £250,000
    • You can make payments into your account at any time by cash or cheque at our office during our normal opening hours by bank transfer or by post
    • Cheques made payable to the Society will only be accepted for payment into an account if they contain details (such as the name(s) of the account holder(s) or the account number)
    • You will receive a passbook to help keep track of your savings
    • Payments into your account can only be made in £ sterling
    • 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
      • Visit our website www.penrithbs.co.uk
    Can I withdraw money? Withdrawals can be made subject to the 30-day notice period and leaving the minimum balance of £500. Withdrawals cannot be made without serving the notice period. You must produce your passbook at the time of withdrawal. You can withdraw money in the following ways::

    • In person at our branch
    • By written postal request
    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.

    DOWNLOAD KEY PRODUCT INFORMATION AS A PDF

    DOWNLOAD THE TERMS AND CONDITIONS FOR SAVINGS ACCOUNTS

  • 60 Day Notice Account

    4.10%

    Gross rate / 4.10% 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.

    X

    Download an application form

    To be able to download an application form you must first read the documentation below. Only when you have read the information and fully understand how the account works should you click to download the application form. For sole applications please complete only Account Holder 1 sections

    Download an application form

    Print, complete and post your application form to:

    Penrith Building Society, 7 King Street, Penrith, Cumbria, CA11 7AR

    Before posting you should remember to include:

    • Proof of your identity
    • A cheque for your opening deposit from your personal bank account

    If you have any questions about opening an account with us please email enquiries@penrithbs.co.uk or call us on 01768 863675.

    Download Application
    Find out more
    What is the interest rate? +Gross Rate%

    4.10

    ^AER%

    4.10

    Interest is paid annually on 31st December and can be added to the account balance (subject to not exceeding the maximum balance), transferred to another PBS account or paid to another bank or building society account by
    BACS transfer
    Can Penrith Building Society change the interest rate?
    • Rates are variable. This means we may increase or decrease the rates at any time. When we increase the rates, we will tell you about it by placing notices in our Principal Office, on our website or in the local press within three working days of the change or within 30 days of the change, by letter or other personal notice.Where the change is a reduction in the interest rate, we will give you writtennotification of the change before it comes into effect.This does not apply to:
    • interest rate tiers applicable to balances below the minimum operating balance for the account (provided we have clearly told you about the minimum balance requirements); or
    • fixed rate accounts

    If your account has a balance of £100 or more at the time the decision is taken to change the interest rate notification will be provided either:

    • at least 14 days before the rate change. You will then have a period of 30 days from the date of notification during which you may close or switch your account without having to give any period of notice or having to lose any
      interest or pay additional charges; or
    • the notification will be provided at least 14 days plus the period of notice applicable to the account (or 30 days if longer than the notice period) before the rate change. In this case the normal notice period for making withdrawals from or closing the account will apply.

    If you do not notify us that you object to a change before the date on which it comes into effect, you will be deemed to have accepted it.

    The information on our website will be updated within three working days of an interest rate change.

    What would the estimated balance be after 12 months based on a £1000 deposit? £1,041.00

    This projection is provided for illustrative purposes only. It is based on no further deposits or withdrawals being made and interest being added to the account. The projected balance is based on the annual interest rate.

    How do I open and manage my account?
    • This account is available to UK residents who are over 16 and can be opened in branch or by post, to open an account simply call into Penrith Building Society with identification and complete the relevant application form.
      Alternatively, an application pack can be downloaded from our website or posted to you. Details of identification requirements can be obtained from our branch or on our website.
    • Minimum investment £500
    • Maximum investment £100,000 – once the maximum amount has been invested no further credits to the account will be allowed and all further interest accrued will need to be withdrawn from the account to ensure the maximum balance is not exceeded
    • The Society’s total limit on combined savings should not exceed £250,000
    • You can make payments into your account at any time by cash or cheque at our office during our normal opening hours by bank transfer or by post.
    • Cheques made payable to the Society will only be accepted for payment into an account if they contain details (such as the name(s) of the account
      holder(s) or the account number)
    • You will receive a passbook to help keep track of your savings
    • Payments into your account can only be made in £ sterling
    • 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
      • Visit our website www.penrithbs.co.uk
    Can I withdraw money? Withdrawals can be made subject to the 60-day notice period and leaving the minimum balance of £500. Withdrawals cannot be made without serving the notice period. You must produce your passbook at the time of withdrawal. You can withdraw money in the following ways:

    • In person at our branch
    • By written postal request
    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.

    DOWNLOAD KEY PRODUCT INFORMATION AS A PDF

    DOWNLOAD THE TERMS AND CONDITIONS FOR SAVINGS ACCOUNTS

  • Limited Access ISA

    4.16%

    Tax free rate / 4.16% AER 

    Rate Type

    Variable

    Put simply, a Tax-Free account means you don’t have to pay tax on the interest that you earn. With other savings accounts, the interest you earn is paid on a gross basis (without the deduction of tax), but you may still have an obligation to pay tax on it if the sum earned is above a certain level.

    X

    Download an application form

    To be able to download an application form you must first read the documentation below. Only when you have read the information and fully understand how the account works should you click to download the application form. For sole applications please complete only Account Holder 1 sections

    Download an application form

    Print, complete and post your application form to:

    Penrith Building Society, 7 King Street, Penrith, Cumbria, CA11 7AR

    Before posting you should remember to include:

    • Proof of your identity
    • A cheque for your opening deposit from your personal bank account

    If you have any questions about opening an account with us please email enquiries@penrithbs.co.uk or call us on 01768 863675.

    Download Application
    Find out more
    What is the interest rate? +Tax Free Rate%

    4.16

    ^AER%

    4.16

    Interest is paid annually on 5th April and will be added to the account balance
    Can Penrith Building Society change the interest rate? Rates are variable. This means we may increase or decrease the rates at any time. When we increase the rates we will tell you about it by placing notices in our Principal Office, on our website or in the local press within three working days of the change or within 30 days of the change, by letter or other personal notice.

    Where the change is a reduction in the interest rate we will give you written notification of the change before it comes into effect.

    This does not apply to:

    • interest rate tiers applicable to balances below the minimum operating balance for the account (provided we have clearly told you about the minimum balance requirements); or
    • fixed rate accounts

    If your account has a balance of £100 or more at the time the decision is taken to change the interest rate notification will be provided either:

    • at least 14 days before the rate change. You will then have a period of 30 days from the date of notification during which you may close or switch your account without having to give any period of notice or having to lose any interest or pay additional charges; or
    • the notification will be provided at least 14 days plus the period of notice applicable to the account (or 30 days if longer than the notice period) before the rate change. In this case the normal notice period for making withdrawals from or closing the account will apply.

    If you do not notify us that you object to a change before the date on which it comes into effect, you will be deemed to have accepted it.

    The information on our website will be updated within three working days of an interest rate change.

    What would the estimated balance be after 12 months based on a £1,000 deposit? £1,041.60

    This projection is provided for illustrative purposes only. It is based on no further deposits or withdrawals being made and interest being added to the account. The projected balance is based on the annual interest rate.

    How do I open and manage my account?
      • This account can be opened in branch or by post.
      • To open an account simply call into Penrith Building Society with your national insurance number and identification and complete the relevant application form. Alternatively, an application pack can be downloaded from our website or posted to you. Details of identification requirements can be obtained from our branch or on our website.
      • This account is available to UK residents
      • You must be over the age of 18 with a valid National Insurance number.
      • Minimum investment £100
      • The maximum annual subscription limit in the tax year 2024/25 is £20,000
    • Full and partial transfers into the Limited Access ISA are permitted at this time.
    • The Society’s total limit on combined savings should not exceed £250,000
    • You can make payments into your account at any time by cash or cheque at our office during our normal opening hours by bank transfer or by post
    • Cheques made payable to the Society will only be accepted for payment into an account if they contain details (such as the name(s) of the account holder(s) or the account number)
    • You will receive a passbook to help keep track of your savings
    • Payments into your account can only be made in £ sterling
    • 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
      • Visit our website www.penrithbs.co.uk
    Can I withdraw money? The Limited Access ISA permits 4 withdrawals. No further withdrawals are permitted within the same tax year.

    Transfers can either be in full or partial, please note that partial transfers do count towards the 4 withdrawals per year limit and that the Limited Access ISA is not a flexible ISA, withdrawing money from your Cash ISA account doesn’t reset your tax-free ISA allowance. If you save up to your entire ISA allowance then withdraw some money, you can’t put anything else back into your ISA in that tax year.

    If at any time the balance on your Limited Access ISA drops below £100 the account will be automatically closed 28 days from the date of the withdrawal which brought the balance below £100, unless instructions are received to transfer the remaining funds to another ISA Manager.

    Withdrawals can be made on demand during our normal business hours subject to our withdrawal limits and leaving the minimum balance of £100. You must produce your passbook at the time of withdrawal. You can withdraw money in the following ways:

    • In person at our branch
    • By written postal request

    For further information please refer to Conditions 9 and 10 of the Terms & Conditions for Investment Accounts.

    Additional Information Your ISA savings are tax exempt and do not count towards your Personal Savings Allowance. The tax treatment of ISA’s may be subject to change in the future.

    + Tax Free Rate is the contractual rate of interest payable where interest is exempt from income tax. ^ 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 Investment Accounts booklet.

     

    DOWNLOAD KEY PRODUCT INFORMATION AS A PDF

     

    DOWNLOAD THE TERMS AND CONDITIONS FOR SAVINGS ACCOUNTS

    Key Features of the Limited Access ISA

    The Financial Conduct Authority is a financial services regulator. It requires us, Penrith Building Society, to give you this important information to help you decide whether our Limited Access ISA is right for you. You should read this document carefully so that you understand what you are buying, and then keep it safe for future reference. An ISA can be a Cash ISA, a Stocks and Shares ISA, an Innovative Finance ISA or a Lifetime ISA (LISA). Here at Penrith Building Society we only offer Cash ISA savings accounts and the ISA explained in this leaflet is a Cash ISA. We also offer an Additional Permitted Subscription (APS) ISA and a Junior ISA, please ask in branch for separate details and terms and conditions. If you are an adult, then in any tax year you can pay into one Cash ISA, one Stocks and Shares ISA, one Innovative Finance ISA and one Lifetime ISA (LISA). You can save up to the limit in any type or a combination of all four. Your ISAs can be with the same provider if they offer all types or with different providers. A tax year runs from 6th April in one year to 5th April the following year There is no tax to pay on your Cash ISA interest and this does not count towards your Personal Savings Allowance, for more information on this please visit www.gov.uk and search for Personal Savings Allowance. Eligibility To apply for a Limited Access ISA, you must:

    • Be an individual age 18 or over
    • Be resident in the United Kingdom or, if not so resident, be performing duties as a Crown employee serving overseas and paid out of the public revenue of the United Kingdom (typically a serving member of the armed forces, or a diplomat), or be married to, or in a civil partnership with, such a person
    • Provide a National Insurance number and date of birth
    • Provide confirmation of identity and address, details of identification requirements are available in branch or online at www.penrithbs.co.uk
    • Not have exceeded the overall subscription limit.
    • In certain circumstances we will accept applications signed by somebody acting on behalf of a physically or mentally incapacitated investor.
    • A Limited Access ISA cannot be opened before a valid application form is completed and held by us.

    General Operation

    • The Penrith Building Society Limited Access ISA is available in branch or by post
    • The minimum opening deposit and operating balance is £100
    • Transfers into the Limited Access ISA are permitted.
    • You may transfer your Limited Access ISA to another provider, this can be transferred in full or a partial transfer from this account.
    • Deposits can be made in cash or by cheque, at the Society’s branch, or by post, you will receive a passbook to help keep track of your savings.

    Can I transfer my Cash ISA from another provider to the Penrith Building Society? Yes, the Limited Access ISA accepts both full and partial transfers in up to the account limit. Can I transfer my Penrith Building Society Limited access ISA to another provider? Yes, subject to the new ISA Manager agreeing to accept the transfer. Transfers to other Cash ISA providers are permitted and are penalty free. If you ever wish to transfer your Penrith Building Society Cash ISA to another provider you will need to complete a Cash ISA Transfer Application form with your new provider, who will forward the request to us. You will need to send us your passbook and can do this direct, or via your new Cash ISA provider. What if I change my mind? You have 14 days after the date that your account is opened to change your mind.You can cancel your investment by letting us know in writing during this period and your cancelled Limited access ISA will not count as an IS A subscription. Any interest that you have earned on your savings during this period will be paid gross. Are you a new customer to Penrith Building Society? If you are a new customer, you will need to provide some form of identification and verification of address. Details of acceptable documentary evidence accompany this factsheet.You will also need to provide us with your National Insurance number. The Financial Services Compensation Scheme Penrith Building Society is a participant of the Financial Services Compensation Scheme (FSCS) and your deposits are protected under this scheme. For further information about the compensation provided by the FSCS, refer to the FSCS website at www.fscs.org.uk Complaints The Society always tries 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 and Conditions for Investments Accounts booklet. Further Information Information on ISAs can be obtained from the HMRC ISA Helpline on 0300 200 3312, or by visiting www.gov.uk/individual-savings-accounts General Terms & Conditions

    •  You must be, and must remain, the beneficial owner of the funds in the account. The account cannot be used as security for a loan
    • The Society does not have to recognise the interest or claim of any person other than the account holder in respect of money held in any account, nor will the Society be liable in any way for failing to recognise such interest or claim, except as required by law
    • The holder of a Penrith Building Society Limited Access ISA is a member of the Society and as such is bound by the Rules of the Society as they apply from time to time. A copy of the Rules can be obtained on request on opening the account. In the event that a member loses his/her copy of the Rules and wishes to obtain a replacement, a nominal charge of £1.00 will be levied.
    • Penrith Building Society will satisfy itself that any person to whom it delegates any of its functions or responsibilities under the terms agreed with the investor is competent to carry out those functions and responsibilities
    • These conditions should be read in conjunction with the Society’s Terms & Conditions for Investment Accounts booklet, which also contains details of the Society’s complaints procedures. It is important that the details set out in both this document and the booklet are read through carefully before you open the account
    • The account must not be a joint account or held on behalf of a person other than the account holder
    • The account will be operated in accordance with prevailing rules and regulations and legislation, which may, of course, be varied from time to time by the Government
    • Penrith Building Society will notify you, if by reason of any failure to satisfy the provisions of the ISA regulations, your Penrith Building Society Limited Access ISA, has, or will become void
    • The minimum operating balance is £100
    • On instructions received from you, your Limited Access ISA, with all rights and obligations, shall be transferred to another ISA manager in accordance with the ISA Regulations relating to transfers. On receipt of your transfer instructions from your new ISA Manager, we will send your funds and accompanying information to them within 5 business days from the date of receipt
    • On your instructions and within the time stipulated by you all the investments held in the Limited Access ISA and the proceeds arising from those investments shall be transferred or paid to you
    • The Penrith Building Society Limited Access ISA can run from one tax year to the next, but if there is a break between subscriptions which lasts for a whole tax year, you must make a fresh application before subscriptions can recommence
  • Junior Saver Account

    2.95%

    Gross rate / 2.95% AER without bonus

    4.20%

    Gross rate / 4.20% AER (includes bonus of 1.25%)

    Rate Type

    Variable

    Helping you to start the savings habit early.

    X

    Download an application form

    To be able to download an application form you must first read the documentation below. Only when you have read the information and fully understand how the account works should you click to download the application form. For sole applications please complete only Account Holder 1 sections

    Download an application form

    Print, complete and post your application form to:

    Penrith Building Society, 7 King Street, Penrith, Cumbria, CA11 7AR

    Before posting you should remember to include:

    • Proof of your identity
    • A cheque for your opening deposit from your personal bank account

    If you have any questions about opening an account with us please email enquiries@penrithbs.co.uk or call us on 01768 863675.

    Download Application
    Find out more
    What is the interest rate? Interest Rate without bonus
    +Gross Rate%
    2.95Interest Rate with bonus (includes a bonus of 1.25%)
    +Gross Rate%

    4.20*
    Interest Rate without bonus
    ^AER Rate%
    2.95Interest Rate with bonus (includes a bonus of 1.25%)
    ^AER Rate%

    4.20*
    • Interest is paid annually on 31st December and on maturity and will be added to the account balance
    • On the birthday of the young person a bonus equivalent to an additional 1.25% will be credited to the account. The bonus will be calculated on a daily basis from the date the account was opened or the young person’s last birthday, whichever is the later date. The bonus will be guaranteed for the life of the account.
    Can Penrith Building Society change the interest rate? Rates are variable. This means we may increase or decrease the rates at any time. When we increase the rates we will tell you about it by placing notices in our Principal Office, on our website or in the local press within three working days of the change or within 30 days of the change, by letter or other personal notice.

    Where the change is a reduction in the interest rate we will give you written notification of the change before it comes into effect.

    This does not apply to:

    • interest rate tiers applicable to balances below the minimum operating balance for the account (provided we have clearly told you about the minimum balance requirements); or
    • fixed rate accounts

    If your account has a balance of £100 or more at the time the decision is taken to change the interest rate notification will be provided either:

    • at least 14 days before the rate change. You will then have a period of 30 days from the date of notification during which you may close or switch your account without having to give any period of notice or having to lose any interest or pay additional charges; or
    • the notification will be provided at least 14 days plus the period of notice applicable to the account (or 30 days if longer than the notice period) before the rate change. In this case the normal notice period for making withdrawals from or closing the account will apply.

    If you do not notify us that you object to a change before the date on which it comes into effect, you will be deemed to have accepted it.

    The information on our website will be updated within three working days of an interest rate change.

    What would the estimated balance be after 12 months based on a £1,000 deposit? £1,029.50

    This projection is provided for illustrative purposes only, it does not include the bonus. It is based on no further deposits or withdrawals being made and interest being added to the account. The projected balance is based on the annual interest rate.

    What would the estimated balance be after 12 months based on a £1,000 deposit and including the bonus of 1.25%? £1,035.87

    This projection is provided for illustrative purposes only. It is based on the assumption that the child’s birthday is 6 months after the account is opened, that no further deposits or withdrawals are made and interest being added to the account. The projected balance is based on the annual interest rate.

    How do I open and manage my account?
    • This account is available to UK residents aged 0-18 years old and can be opened in branch or by post. To open an account simply call into Penrith Building Society with the child’s and any trustee’s identification and complete the relevant application form. Alternatively an application pack can be downloaded from our website or posted to you. Details of identification requirements can be obtained from our branch or on our website
    • If the applicant is under 7 years of age we will ask for the application form signed by and additional identification documents from a parent, guardian or trustee
    • Only one account can be opened for each young person
    • Minimum investment £1
    • Maximum investment £10,000
    • The Society’s total limit on combined savings should not exceed £250,000
    • You can make payments into your account at any time by cash or cheque at our office during our normal opening hours by bank transfer or by post
    • Cheques made payable to the Society will only be accepted for payment into an account if they contain details (such as the name(s) of the account holder(s) or the account number)
    • You will receive a passbook to help keep track of your savings
    • Payments into your account can only be made in £ sterling
    • 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
      • Visit our website www.penrithbs.co.uk
    Can I withdraw money? Withdrawals can be made on demand during our normal business hours subject to our withdrawal limits and leaving the minimum balance of £1. If the account is held in trust for the young person, we may request confirmation that withdrawals are for the child’s benefit. You must produce your passbook at the time of withdrawal. You can withdraw money in the following ways:

      • In person at our branch
      • By written postal request

    Where the account is held by a trustee for the young person:

      • if the account is closed before the young person’s 18th birthday the closing
        cheque must be made payable to the young person.
    • Prior to the young person’s 18th birthday we will contact the trustee for
      maturity instructions. If funds are to be withdrawn from the Society all
      cheques will only be made payable in the young person’s name. If funds are
      to be transferred within the Society the receiving account must be in the
      young person’s name.
    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.

     DOWNLOAD KEY PRODUCT INFORMATION AS A PDF 

    DOWNLOAD THE TERMS AND CONDITIONS FOR SAVINGS ACCOUNTS

  • JISA (Junior ISA)

    3.85%

    Tax free rate / 3.85% AER 

    Rate Type

    Variable

    Put simply, a Tax-Free account means you don’t have to pay tax on the interest that you earn. With other savings accounts, the interest you earn is paid on a gross basis (without the deduction of tax), but you may still have an obligation to pay tax on it if the sum earned is above a certain level.

    X

    Download an application form

    To be able to download an application form you must first read the documentation below. Only when you have read the information and fully understand how the account works should you click to download the application form. For sole applications please complete only Account Holder 1 sections

    Download an application form

    Print, complete and post your application form to:

    Penrith Building Society, 7 King Street, Penrith, Cumbria, CA11 7AR

    Before posting you should remember to include:

    • Proof of your identity
    • A cheque for your opening deposit from your personal bank account

    If you have any questions about opening an account with us please email enquiries@penrithbs.co.uk or call us on 01768 863675.

    Download Application
    Find out more
    What is the interest rate? +Tax Free Rate%

    3.85

    ^AER%

    3.85

    Interest is paid annually on 5th April and will be added to the account balance
    Can Penrith Building Society change the interest rate? Rates are variable. This means we may increase or decrease the rates at any time. When we increase the rates we will tell you about it by placing notices in our Principal Office, on our website or in the local press within three working days of the change or within 30 days of the change, by letter or other personal notice.

    Where the change is a reduction in the interest rate we will give you written notification of the change before it comes into effect.

    This does not apply to:

    • interest rate tiers applicable to balances below the minimum operating balance for the account (provided we have clearly told you about the minimum balance requirements); or
    • fixed rate accounts

    If your account has a balance of £100 or more at the time the decision is taken to change the interest rate notification will be provided either:

    • at least 14 days before the rate change. You will then have a period of 30 days from the date of notification during which you may close or switch your account without having to give any period of notice or having to lose any interest or pay additional charges; or
    • the notification will be provided at least 14 days plus the period of notice applicable to the account (or 30 days if longer than the notice period) before the rate change. In this case the normal notice period for making withdrawals from or closing the account will apply.

    If you do not notify us that you object to a change before the date on which it comes into effect, you will be deemed to have accepted it.

    The information on our website will be updated within three working days of an interest rate change.

    What would the estimated balance be after 12 months based on a £1,000 deposit? £1,038.50

    This projection is provided for illustrative purposes only. It is based on no further deposits or withdrawals being made and interest being added to the account. The projected balance is based on the annual interest rate.

    How do I open and manage my account?
    • This account can be opened in branch or by post, to open an account simply call into Penrith Building Society with identification and complete the relevant application form. Alternatively, an application pack can be downloaded from our website or posted to you. Details of identification requirements can be obtained from our branch or on our website
    • An application can only be made by a person age 16 or over. Where the child is 16 or over, either the child or a person with parental responsibility can apply to open the account. Where the child is under 16 only a person with parental responsibility can apply to open the account
    • Minimum investment £1
    • The maximum allowance for the tax year 2024/25 is £9,000
    • One account per child
    • The Society’s total limit on combined savings should not exceed £250,000
    • You can make payments into your account at any time by cash or cheque at our office during our normal opening hours by bank transfer or by post
    • Cheques made payable to the Society will only be accepted for payment into an account if they contain details (such as the name(s) of the account holder(s) or the account number)
    • You will receive a passbook to help keep track of your savings
    • Payments into your account can only be made in £ sterling
    • 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
      • Visit our website www.penrithbs.co.uk
    Can I withdraw money? Withdrawals cannot be made until the child reaches 18 when the JISA will roll over into an adult Cash ISA or in the following exceptional circumstances:

    • Where a terminal illness claim made on behalf of the child has been agreed;
    • On the death of the child
    Additional Information Your JISA savings are tax exempt and do not count towards your Personal Savings Allowance. The tax treatment of JISA’s may be subject to change in the future.
    + Tax Free Rate is the contractual rate of interest payable where interest is exempt from income tax.
    ^ AER stands for annual equivalent rate and illustrates what the interest rate would be if interest was paid and compounded once each year.

    Key Features of the Junior ISA

    The Financial Conduct Authority is a financial services regulator. It requires us, Penrith Building Society, to give you this important information to help you decide whether our Junior ISA (JISA) is right for you. You should read this document carefully so that you understand what you are buying, and then keep it safe for future reference. An ISA can be a Cash ISA, a Stocks and Shares ISA or an Innovative Finance ISA. Here at Penrith Building Society we only offer Cash ISA savings accounts and the ISA explained in this leaflet is a Cash JISA. We also offer an Additional Permitted Subscription (APS) ISA and a Cash ISA, please ask in branch for separate details and terms and conditions. JISA’s are Junior Individual Savings Accounts which are free from income tax and have been introduced to replace Child Trust Funds Accounts. JISAs are a type of ISA available to eligible children in respect of which instructions are given by a “registered contact”. Our Junior JISA is an ideal way to make the most of your tax-free privileges without risking your capital on the stock market and it is simple to open. Eligibility To apply for a Junior ISA you must:

    • Be a child under 18 years of age, born on or after 3rd January 2011 or does not hold a Child Trust Fund
    • The child must be resident in the UK or, if not so resident, be performing duties as a Crown employee serving overseas and paid out of the public revenue of the United Kingdom (typically a serving member of the armed forces, or a diplomat), or be married to, or in a civil partnership with, such a person
    • You must not have subscribed to another Cash JISA
    • Applications can be made on behalf of an eligible child by the person with parental responsibility (the registered contact), or by the child is aged 16 or over
    • Provide confirmation of identity and address, details of identification requirements are available in branch or online at www.penrithbs.co.uk
    • A Cash JISA cannot be opened before a valid application form is completed and held by us

    Ownership of Account The child is the beneficial owner of the funds in the account. Subscriptions made to a JISA are deemed to be a gift to the child and cannot be repaid to the subscriber. There can only be one Registered Contact for a JISA at any time. The Registered Contact is the only person who can give instructions in respect of the JISA. During the lifetime of the account the role of the Registered Contact can be passed to another person who has parental responsibility, subject to an application procedure. The consent of the existing Registered Contact to relinquish their status will be required in writing except in the following circumstances:

    • Where the applicant is the account holder who is 16 years or older
    • On the death or incapacity of the existing Registered Contact
    • Where the existing Registered Contact lacks capacity
    • Where the existing Registered Contact cannot be contacted
    • Where a Court Order brings to an end the existing Registered Contact being a person with parental responsibility for the child
    • Where a Court has appointed a Guardian or a Special Guardian of the child who holds the JISA
    • Where a Court orders that the person who is the existing Registered Contact ceases to be so
    • Where the new Registered Contact has adopted the child under an Adoption Order

    General Operation

    • The Penrith Building Society Junior ISA is available in branch or by post
    • The minimum opening deposit and operating balance is £1
    • You may transfer your Junior ISA to another provider, this must be transferred in full we do not allow partial transfers from this account
    • Deposits can be made in cash or by cheque, at the Society’s branch, or by post, you will receive a passbook to help keep track of your savings

    Can I transfer my Child Trust Fund (CTF) to a Junior ISA from another provider to the Penrith Building Society? Yes, if you wish to transfer your Child Trust Fund to a Penrith Building Society Cash JISA, you will need to complete a transfer authority with us. We will then contact your CTF provider and request the transfer. The transfer can only be requested by the registered contact for the CTF and we can only accept the transfer of cash CTF’s. Can I transfer my Penrith Building Society Junior ISA to another provider? Yes, subject to the new ISA Manager agreeing to accept the transfer. Transfers to other Cash JISA providers are permitted and are penalty free. If you ever wish to transfer your Penrith Building Society Cash JISA to another provider you will need to complete a Cash JISA Transfer Application form with your new provider, who will forward the request to us. You will need to send us your passbook and can do this direct, or via your new Cash JISA provider. HMRC rules surrounding this are as follows:

    • You can transfer from one Junior ISA to another Junior ISA, or to a Stocks & Shares Junior ISA
    • You can only hold one Junior ISA at a time therefore if you transfer your Penrith Building Society Junior ISA to another provider, then all of your savings up to the date of the transfer must be transferred, we do not allow partial transfers from our Junior ISA accounts

    What if I change my mind? You have 14 days after the date that your account is opened to change your mind and you will not be charged. You can cancel your investment by letting us know in writing during this period and your cancelled Cash JISA will not count as a Cash JISA subscription. Any interest that you have earned on your savings during this period will be paid gross. We will only allow the closure after any cheque payments have been cleared. Are you a new customer to Penrith Building Society? If you are a new customer, you will need to provide some form of identification and verification of address. Details of acceptable documentary evidence accompany this factsheet. The Financial Services Compensation Scheme Penrith Building Society is a participant of the Financial Services Compensation Scheme (FSCS) and your deposits are protected under this scheme. For further information about the compensation provided by the FSCS, refer to the FSCS website at www.fscs.org.uk Complaints The Society always tries 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 and Conditions for Investments Accounts booklet. Further Information Information on ISAs can be obtained from the HMRC ISA Helpline on 0300 200 3312, or by visiting www.gov.uk/individual-savings-accounts General Terms & Conditions

    • You must be, and must remain, the beneficial owner of the funds in the account. The account cannot be used as security for a loan
    • The Society does not have to recognise the interest or claim of any person other than the account holder in respect of money held in any account, nor will the Society be liable in any way for failing to recognise such interest or claim, except as required by law
    • The holder of a Penrith Building Society Cash JISA is a member of the Society and as such is bound by the Rules of the Society as they apply from time to time. A copy of the Rules can be obtained on request on opening the account. In the event that a member loses his/her copy of the Rules and wishes to obtain a replacement, a nominal charge of £1.00 will be levied
    • Penrith Building Society will satisfy itself that any person to whom it delegates any of its functions or responsibilities under the terms agreed with the investor is competent to carry out those functions and responsibilities
    • These conditions should be read in conjunction with the Society’s Terms & Conditions for Investment Accounts booklet, which also contains details of the Society’s complaints procedures. It is important that the details set out in both this document and the booklet are read through carefully before you open the account
    • The account must not be a joint account or held on behalf of a person other than the account holder
    • The account will be operated in accordance with prevailing rules and regulations and legislation, which may, of course, be varied from time to time by the Government
    • The Society will notify the registered contact if, by reason of any failure to satisfy the provisions of the JISA Regulations, the JISA has, or will, become void
    • The minimum operating balance is £1
    • On instructions received from the Registered Contact, your Cash JISA, with all rights and obligations, shall be transferred to another JISA manager in accordance with the JISA Regulations relating to transfers. On receipt of your transfer instructions from your new JISA Manager, we will send your funds and accompanying information to them within 5 business days from the date of receipt
    • The Penrith Building Society Cash JISA can run from one tax year to the next, but if there is a break between subscriptions which lasts for a whole tax year, you must make a fresh application before subscriptions can recommence
  • Junior Affinity Regular Saver - Supporting Greener Every Day

    4.70%

    Gross rate / 4.70% AER 

    Rate Type

    Variable

    You can choose to support one of our affinity partners by opening an Affinity Instant Access Share. We donate a percentage of the average balance on these accounts to your chosen affinity partner annually. 

    X

    Download an application form

    To be able to download an application form you must first read the documentation below. Only when you have read the information and fully understand how the account works should you click to download the application form. For sole applications please complete only Account Holder 1 sections

    Download an application form

    Print, complete and post your application form to:

    Penrith Building Society, 7 King Street, Penrith, Cumbria, CA11 7AR

    Before posting you should remember to include:

    • Proof of your identity
    • A cheque for your opening deposit from your personal bank account

    If you have any questions about opening an account with us please email enquiries@penrithbs.co.uk or call us on 01768 863675.

    Download Application
    Find out more
    What is the interest rate? +Gross Rate%

    4.70

    ^AER%

    4.70

    • Interest is paid annually on 31st December and on maturity and will be added to the account balance
    • This is a five year fixed term, variable rate, monthly subscription account
    Can Penrith Building Society change the interest rate? Rates are variable. This means we may increase or decrease the rates at any time. When we increase the rates we will tell you about it by placing notices in our Principal Office, on our website or in the local press within three working days of the change or within 30 days of the change, by letter or other personal notice.

    Where the change is a reduction in the interest rate we will give you written notification of the change before it comes into effect.

    This does not apply to:

    • interest rate tiers applicable to balances below the minimum operating balance for the account (provided we have clearly told you about the minimum balance requirements); or
    • fixed rate accounts

    If your account has a balance of £100 or more at the time the decision is taken to change the interest rate notification will be provided either:

    • at least 14 days before the rate change. You will then have a period of 30 days from the date of notification during which you may close or switch your account without having to give any period of notice or having to lose any interest or pay additional charges; or
    • the notification will be provided at least 14 days plus the period of notice applicable to the account (or 30 days if longer than the notice period) before the rate change. In this case the normal notice period for making withdrawals from or closing the account will apply.

    If you do not notify us that you object to a change before the date on which it comes into effect, you will be deemed to have accepted it.

    The information on our website will be updated within three working days of an interest rate change.

    What would the estimated balance be after 60 months based on a maximum monthly subscription of £100 per month? £6,758.94

    This projection is provided for illustrative purposes only. It is based on the maximum monthly subscription of £100 being made for the full term of 5 years, that no withdrawals are made and interest being added to the account. The projected balance is based on the annual interest rate.

    What would the estimated balance be 12 months after the fixed term expires based on the balance at maturity? £6,965.09

    This projection is provided for illustrative purposes only. It is based on no further deposits or withdrawals being made and interest being added to the account. The projected balance is based on the annual interest rate of the Instant Access Shares.

     
    How do I open and manage my account?
    • This account is available to UK residents age 0-16 and can be opened in branch or by post, to open an account simply call into Penrith Building Society with identification and complete the relevant application form. Alternatively an application pack can be downloaded from our website or posted to you. Details of identification requirements can be obtained from our branch or on our website
    • If the applicant is under 7 years of age we will ask for the application form to be signed by a parent, guardian or trustee (one trustee per account permitted)
    • Minimum investment £5
    • The monthly subscription is any amount between £5 to £100 for 60 months, the monthly subscription can be any amount from £5 up to the maximum. You are not required to make monthly subscriptions however, if a monthly subscription is missed this cannot be caught up in subsequent months
    • 5 year fixed term savings
    • One account per child
    • The Society’s total limit on combined savings should not exceed £250,000
    • You can make payments into your account at any time by cash or cheque at our office during our normal opening hours by bank transfer or by post
    • Cheques made payable to the Society will only be accepted for payment into an account if they contain details (such as the name(s) of the account holder(s) or the account number)
    • You will receive a passbook to help keep track of your savings
    • Payments into your account can only be made in £ sterling
    • 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
      • Visit our website www.penrithbs.co.uk
    Can I withdraw money? A maximum of two withdrawals per year (January to December) of any amount leaving the minimum balance of £5. Withdrawals can be made on demand during our normal business hours subject to our withdrawal limits. The account cannot be closed prior to maturity other than in the event of the death of the investor. On maturity, if the account has not been closed, the maturing funds, including compounded interest will be transferred to the Instant Access Shares. You must produce your passbook at the time of withdrawal. You can withdraw money in the following ways:

    • In person at our branch
    • By written postal request
    Additional Information
    • Tax treatment depends on individual circumstances and may be subject to change in the future.
    • By opening a Junior Affinity Regular Saver which supports Greener Every Day (GED) with Penrith Building Society, you can be a part of this worthwhile initiative without it costing you a penny. Penrith Building Society will make a cash payment each year to GED equal to 0.50% gross interest on the average total balance held in all Junior Affinity Regular Saver Accounts that support GED. This means the more supporters who save in the scheme, the bigger the cash payment will be to GED.

    + 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.

    DOWNLOAD KEY PRODUCT INFORMATION AS A PDF

    DOWNLOAD THE TERMS AND CONDITIONS FOR SAVINGS ACCOUNTS

     

     

  • Homebuyers Bonus

    3.80%

    Gross rate / 3.80% AER 

    Rate Type

    Variable

    Looking to build up a deposit for your first home or moving house. We can help you on your way!

    X

    Download an application form

    To be able to download an application form you must first read the documentation below. Only when you have read the information and fully understand how the account works should you click to download the application form. For sole applications please complete only Account Holder 1 sections

    Download an application form

    Print, complete and post your application form to:

    Penrith Building Society, 7 King Street, Penrith, Cumbria, CA11 7AR

    Before posting you should remember to include:

    • Proof of your identity
    • A cheque for your opening deposit from your personal bank account

    If you have any questions about opening an account with us please email enquiries@penrithbs.co.uk or call us on 01768 863675.

    Download Application
    Find out more
    What is the interest rate? +Gross Rate%

    3.80

    ^AER%

    3.80

    • Interest is paid annually on 31st December and will be added to the account balance
    • After saving for a minimum of 6 months and providing you choose and are eligible to complete your mortgage with Penrith Building Society, we will pay a bonus of 1% on your final savings balance when the account is closed
    Can Penrith Building Society change the interest rate? Rates are variable. This means we may increase or decrease the rates at any time. When we increase the rates, we will tell you about it by placing notices in our Principal Office, on our website or in the local press within three working days of the change or within 30 days of the change, by letter or other personal notice.

    Where the change is a reduction in the interest rate we will give you written notification
    of the change before it comes into effect.

    This does not apply to:

    • interest rate tiers applicable to balances below the minimum operating balance for the account (provided we have clearly told you about the minimum balance requirements); or
    • fixed rate accounts

    If your account has a balance of £100 or more at the time the decision is taken to change the interest rate notification will be provided either:

    • at least 14 days before the rate change. You will then have a period of 30 days from the date of notification during which you may close or switch your account without having to give any period of notice or having to lose any interest or pay additional charges; or
    • the notification will be provided at least 14 days plus the period of notice applicable to the account (or 30 days if longer than the notice period) before the rate change. In this case the normal notice period for making withdrawals from or closing the account will apply.

    If you do not notify us that you object to a change before the date on which it comes into effect, you will be deemed to have accepted it.

    The information on our website will be updated within three working days of an interest rate change.

    What would the estimated balance be after 12 months based on a £1,000 deposit? £1,038.00

    This projection is provided for illustrative purposes only. It is based on no further deposits or withdrawals being made, interest being added to the account and does not include the bonus. The projected balance is based on the annual interest rate.

    What would the estimated balance be on closure with the bonus added based on a £1,000 deposit? £1,048.38

    This projection is provided for illustrative purposes only. It is based on no further deposits or withdrawals being made, interest being added to the account and includes the bonus assuming the bonus conditions are met. The projected balance is based on the annual interest rate.

    How do I open and manage my account?
    • This account is available to UK residents and can be opened in branch or by post, to open an account simply call into Penrith Building Society with identification and complete the relevant application form. Alternatively an application pack can be downloaded from our website or posted to you. Details of identification requirements can be obtained from our branch or on our website
    • Minimum investment £1
    • Maximum investment £20,000
    • Accounts are limited to one per person held individually
    • The account is not available to re-mortgage customers
    • The Society’s total limit on combined savings should not exceed £250,000
    • You can make payments into your account at any time by cash or cheque at our office during our normal opening hours by bank transfer or by post
    • Cheques made payable to the Society will only be accepted for payment into an account if they contain details (such as the name(s) of the account holder(s) or the account number)
    • You will receive a passbook to help keep track of your savings
    • Payments into your account can only be made in £ sterling
    • 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
      • Visit our website www.penrithbs.co.uk
    Can I withdraw money? Withdrawals can be made on demand during our normal business hours subject to our withdrawal limits and leaving the minimum balance of £1. You must produce your passbook at the time of withdrawal. You can withdraw money in the following ways:

    • In person at our branch
    • By written postal request
    Additional Information Tax treatment depends on individual circumstances and may be subject to change in the future.

    Bonus Payment
    If you make a mortgage application to Penrith Building Society which is then approved and, when you close your account and complete your mortgage, the bonus payment of 1% of your final savings balance will be sent to you. The bonus will be calculated on your final savings balance on the day the account is closed and the maximum bonus payment is £200.

    If your mortgage application is accepted, you may be entitled to free *Application Fees and Product Fees. This applies to direct applications only.

    Opening an account does not guarantee that you will be approved for a mortgage with Penrith Building Society. To take a mortgage with us you will need to meet our lending criteria, we will carry out credit checks and may obtain references to check your financial circumstances when a mortgage application is made to us.

    Please note that if a mortgage application is approved but for any reason you are unable to complete the purchase of your property, fees may be payable on any subsequent mortgage application.

    + 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.
    * Application fees and Product fees The standard application fee is £100 and the Product Fee will vary depending on the product recommended but is a minimum of £175.

    DOWNLOAD KEY PRODUCT INFORMATION AS A PDF

    DOWNLOAD THE TERMS AND CONDITIONS FOR SAVINGS ACCOUNTS

  • Business 7 Day Notice Account

    3.25%

    Gross rate / 3.25% AER

    Rate Type

    Variable

    The Business Notice account is for Sole Traders, SMEs and Unincorporated Charities & Clubs based in Cumbria.

    X

    Download an application form

    To be able to download an application form you must first read the documentation below. Only when you have read the information and fully understand how the account works should you click to download the application form. For sole applications please complete only Account Holder 1 sections

    Download an application form

    Print, complete and post your application form to:

    Penrith Building Society, 7 King Street, Penrith, Cumbria, CA11 7AR

    Before posting you should remember to include:

    • Proof of your identity
    • A cheque for your opening deposit from your personal bank account

    If you have any questions about opening an account with us please email enquiries@penrithbs.co.uk or call us on 01768 863675.

    Download Application
    Find out more
    What is the interest rate? +Gross Rate %

    3.25

    ^AER%

    3.25

     
    Interest is paid annually on 31 December and can be added to the account
    balance or paid to the nominated bank or building society account by BACS
    transfer.
    Can Penrith Building Society change the interest rate? Rates are variable. This means we may increase or decrease the rates at any time.

    When we increase the rates, we will tell you about it by placing notices in our Principal Office, on our website or in the local press within three working days of thechange or within 30 days of the change, by letter or other personal notice.

    Where the change is a reduction in the interest rate, we will give you written notification of the change before it comes into effect.

    This does not apply to:
    • interest rate tiers applicable to balances below the minimum operating balance for the account (provided we have clearly told you about the minimum balance requirements); or
    • fixed rate accounts

    If your account has a balance of £100 or more at the time the decision is taken to change the interest rate, notification will be provided either:

    • at least 14 days before the rate change. You will then have a period of 30 days from the date of notification during which you may close or switch your account without having to give any period of notice or having to lose any interest or pay additional charges; or
    • the notification will be provided at least 14 days plus the period of notice
    applicable to the account (or 30 days if longer than the notice period) before the rate change. In this case the normal notice period for making withdrawals from or closing the account will apply.

    If you do not notify us that you object to a change before the date on which it comes into effect, you will be deemed to have accepted it.

    The information on our website will be updated within three working days of an interest rate change

    What would the estimated balance be after 12 months based on a £1,000 deposit? £1,032.50

    This projection is provided for illustrative purposes only. It is based on no further deposits or withdrawals being made and interest being added to the account. The projected balance is based on the annual interest rate.

    What would the estimated balance
    be after 12 months based on a £20,000 deposit?
    £20,650

    This projection is provided for illustrative purposes only. It is based on no further deposits or withdrawals being made and interest being added to the account. The projected balance is based on the annual interest rate.

    How do I open and manage my account?
    • To open an account simply contact the branch to make an appointment or download the application form from our website. Identification of all signatories will be required together with documentation about your business (listed at the end of this form). Details of personal identification requirements are contained in the application process or can be obtained from our website. The account must be linked to a Nominated Bank Account which will be used for all transfers – details and verification of the Nominated Bank Account will be required at account opening.• Minimum investment £1,000.
      • Maximum investment £100,000.
      • This account is a 7-day notice account.
      • This account is available to sole traders, SMEs, Charities and Clubs based in
      Cumbria and must be operated online.
      • The Society’s total limit on business savings is £150,000 per organisation.
      • You can make payments into your account at any time by bank transfer from the Nominated Bank Account only.
      • Payments into your account can only be made in £ sterling.
      • Statements will be provided to the registered contact email address at the
      beginning of each calendar month detailing the transactions carried out in the
      previous month.
      • Accounts must be funded with at least the minimum deposit from the
      Nominated Bank Account within 7 days of the account opening confirmation
      being received.
      • If you would like to talk to us about your account, you can
      o speak to a member of staff at our branch office at 7 King Street, Penrith,
      Cumbria, CA11 7AR
      o Call one of our team 01768 863675
    • o Visit our website www.penrithbs.co.uk
    How do I put notice on my
    account?
    Notice will need to be added to the account for all withdrawal requests. This can be added either by

    • Logging onto the @PBS portal and requesting this via the secure messaging
    system
    • By visiting us in branch

    Where the account has been set up so that two signatories need to authorise a withdrawal, we will need a second signatory to authorise the transaction. This can be done through a second secure message or through the branch within 3 days of the original request otherwise the notice will be cancelled.

    Can I withdraw money? Withdrawals can be made subject to:
    • Serving the 7 Day Notice period – no instant access allowed. Only one notice period can be registered on the account at any one time.
    • If notice falls on a non working day then the transaction will be processed on the next working day after the notice has been served.
    • Our withdrawal limits – 6 withdrawals per year, leaving the minimum balance of £1,000. If the balance in the account drops below £1,000 then the account will be closed and the balance outstanding together with any interest due will be repaid.
    • Funds will be credited directly into the Nominated Bank Account only.
    Additional Information

    Charges

    Tax treatment depends on individual circumstances and may be subject to change in the future.

    Additional services are subject to the following charges;

    The provision of a duplicate monthly statement £15 per request.
    The provision of audit/accountant’s information £15 per request

    We will need to see identification for all signatories on the account. ID documentation must confirm full name, residential address and date of birth (ideally a driving licence). Copies of documentation can be emailed to us along with a photograph of the holder for verification purposes. If the account is being opened in branch then original identification documents can be used.. 

    Please Note: 

    For Sole Traders we would require a copy of your last tax return and a copy of your accounts (if produced) along with personal identification. 

    For Unlimited Partnerships we would require a copy of your partnership tax return and personal identification for all partners. 

    For Unincorporated Charities we would require the name of all classes of beneficiaries, charity number, account opening mandate and personal identification for all signatories. 

    For Clubs and Societies we would require information on the legal status and the purpose of the club/society, a copy of the constitution and full personal identification for all the signatories. 

    + Gross Rate is the rate of interest payable (without deduction of tax). Businesses are responsible for declaring interest accrued on savings as part of their annual self-assessment tax return 

    ^ 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 Investment Accounts’ booklet and on the Society’s website. 

    DOWNLOAD KEY PRODUCT INFORMATION AS A PDF
    DOWNLOAD THE TERMS AND CONDITIONS FOR SAVINGS ACCOUNTS

  • Corporate 7 Day Notice Account

    3.25%

    Gross rate / 3.25% AER

    Rate Type

    Variable

    The Corporate Notice account is for UK Corporate Bodies, Solicitors Client Accounts, Partnerships, Incorporated Charities and Limited Companies based in Cumbria.

    X

    Download an application form

    To be able to download an application form you must first read the documentation below. Only when you have read the information and fully understand how the account works should you click to download the application form. For sole applications please complete only Account Holder 1 sections

    Download an application form

    Print, complete and post your application form to:

    Penrith Building Society, 7 King Street, Penrith, Cumbria, CA11 7AR

    Before posting you should remember to include:

    • Proof of your identity
    • A cheque for your opening deposit from your personal bank account

    If you have any questions about opening an account with us please email enquiries@penrithbs.co.uk or call us on 01768 863675.

    Download Application
    Find out more
    What is the interest rate? +Gross Rate%

    3.25

    ^AER%

    3.25

     
    Interest is paid annually on 31st December and can be added to the account balance or paid to the nominated bank or building society account by BACS transfer.
    Can Penrith Building Society change the interest rate? Rates are variable. This means we may increase or decrease the rates at any time. When we increase the rates, we will tell you about it by placing notices in our Principal Office, on our website or in the local press within three working days of the
    change or within 30 days of the change, by letter or other personal notice.Where the change is a reduction in the interest rate, we will give you written notification of the change before it comes into effect.This does not apply to:
    • interest rate tiers applicable to balances below the minimum operating balance for the account (provided we have clearly told you about the minimum balance requirements); or
    • fixed rate accounts If your account has a balance of £100 or more at the time the decision is taken to change the interest rate notification will be provided either:
    • at least 14 days before the rate change. You will then have a period of 30 days from the date of notification during which you may close or switch your account without having to give any period of notice or having to lose any interest or pay
    additional charges; or
    • the notification will be provided at least 14 days plus the period of notice applicable to the account (or 30 days if longer than the notice period) before the rate change. In this case the normal notice period for making withdrawals from
    or closing the account will apply.
    If you do not notify us that you object to a change before the date on which it comes into effect, you will be deemed to have accepted it.
    The information on our website will be updated within three working days of an interest rate change.
    What would the estimated balance be after 12 months based on a £1,000 deposit? £5,162.50

    This projection is provided for illustrative purposes only. It is based on no further deposits or withdrawals being made and interest being added to the account. The projected balance is based on the annual interest rate.

    What would the estimated balance be after 12 months based on a £20,000 deposit? £20,650

    This projection is provided for illustrative purposes only. It is based on no further deposits or withdrawals being made and interest being added to the account. The projected balance is based on the annual interest rate.

    How do I open and manage my account? • To open an account simply contact the branch to make an appointment or download the application form from our website. Identification of all signatories will be required. Details of identification requirements are contained in the application process or can be obtained from our website.
    • The account must be linked to a Nominated Bank Account which will be used for all transfers – details and verification of the Nominated Bank Account will be required at account opening.
    • Minimum investment £5,000.
    • Maximum investment £100,000.
    • This account is a 7-day notice account.
    • This account is available to UK Corporate Bodies, Solicitors’ Client Accounts, Partnerships and Limited Companies based in Cumbria and must be operated online.
    • The Society’s total limit on corporate savings is £150,000 per organisation.
    • You can make payments into your account at any time by bank transfer from the Nominated Bank Account only.
    • Payments into your account can only be made in £ sterling.
    • Statements will be provided to the registered contact email address at the beginning of each calendar month detailing the transactions carried out in the previous month.
    • Accounts must be funded with at least the minimum deposit from the Nominated Bank Account within 7 days of the account opening confirmation being received.
    • If you would like to talk to us about your account, you can
    o: speak to a member of staff at our branch office at 7 King Street, Penrith, Cumbria, CA11 7AR
    o: Call one of our team 01768 863675

    How do I put notice on my account? Notice will need to be added to the account for all withdrawal requests. This can be added either by

    •Logging onto the @PBS portal and requesting this via the secure messaging system
    • By visiting us in branch.

    Where the account has been set up so that two signatories need to authorise a withdrawal, we will need a second signatory to authorise the transaction. This can be done through a second secure message or through the branch within 3 days of the original request otherwise the notice will be cancelled.

    Can I withdraw money? Withdrawals can be made subject to:
    • Serving the 7 Day Notice period – no instant access allowed. Only one notice period can be registered on the account at any one time.
    • If notice falls on a non working day then the transaction will be processed on the next working day after the notice has been served.
    • Our withdrawal limits – 6 withdrawals per year, leaving the minimum balance of £5,000. If the balance in the account drops below £5,000 then the account will be closed and the balance outstanding together with any interest due will be repaid.
    • Funds will be credited directly into the Nominated Bank Account only.
    Additional Information
    Charges
    Tax treatment depends on individual circumstances and may be subject to change in the future.

    Additional services are subject to the following charges;

    The provision of a duplicate monthly statement £15 per request.
    The provision of audit/accountant’s information £15 per request.

    We will need to see identification for all signatories on the account. ID documentation must confirm full name, residential address and date of birth (ideally a driving licence). Copies of documentation can be emailed to us along with a photograph of the holder for verification purposes. If the account is being opened in branch then original identification documents can be used. 

    Please Note: 

    When none of the authorised signatories are directors at least one of the company’s director’s personal identification must be obtained and verified. 

    We will require confirmation of any underlying beneficial owners of the company including those having ownership or control of over 25% of its shares or voting rights, AND 

    those with principal control over the company’s assets, e.g. Principal or Shadow Directors (information which can usually be found in your company accounts). 

    + Gross Rate is the rate of interest payable (without deduction of tax). Businesses are responsible for declaring interest accrued on savings as part of their annual self-assessment tax return. 

    ^ 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 Investment Accounts booklet and on the Society’s website. 

    DOWNLOAD KEY PRODUCT INFORMATION AS A PDF
    DOWNLOAD THE TERMS AND CONDITIONS FOR SAVINGS ACCOUNTS

  • Deposit Account

    1.75%

    Gross rate / 1.75% AER (over £20,000)

    1.35%

    Gross rate / 1.35% AER (over £1,000)

    1.30%

    Gross rate / 1.30% AER (under £1,000)

    Rate Type

    Variable

    The Deposit account has been designed specifically for corporate bodies, solicitors clients accounts and trust and trustee accounts, with the exception of discretionary trusts, who are based in Cumbria.

    X

    Download an application form

    To be able to download an application form you must first read the documentation below. Only when you have read the information and fully understand how the account works should you click to download the application form. For sole applications please complete only Account Holder 1 sections

    Download an application form

    Print, complete and post your application form to:

    Penrith Building Society, 7 King Street, Penrith, Cumbria, CA11 7AR

    Before posting you should remember to include:

    • Proof of your identity
    • A cheque for your opening deposit from your personal bank account

    If you have any questions about opening an account with us please email enquiries@penrithbs.co.uk or call us on 01768 863675.

    Download Application
    Find out more
    What is the interest rate? Total Balance

    Up to £999.99

    £1,000 to £20,000

    Over £20,000

    +Gross Rate%

    1.30

    1.35

    1.75

    ^AER%

    1.30

    1.35

    1.75

    Interest is paid annually on 31st December and can be added to the account balance or paid to another bank or building society account by BACS transfer
    Can Penrith Building Society change the interest rate? Rates are variable. This means we may increase or decrease the rates at any time. When we increase the rates we will tell you about it by placing notices in our Principal Office, on our website or in the local press within three working days of the change or within 30 days of the change, by letter or other personal notice.

    Where the change is a reduction in the interest rate we will give you written notification of the change before it comes into effect.

    This does not apply to:

    • interest rate tiers applicable to balances below the minimum operating balance for the account (provided we have clearly told you about the minimum balance requirements); or
    • fixed rate accounts

    If your account has a balance of £100 or more at the time the decision is taken to change the interest rate notification will be provided either:

    • at least 14 days before the rate change. You will then have a period of 30 days from the date of notification during which you may close or switch your account without having to give any period of notice or having to lose any interest or pay additional charges; or
    • the notification will be provided at least 14 days plus the period of notice applicable to the account (or 30 days if longer than the notice period) before the rate change. In this case the normal notice period for making withdrawals from or closing the account will apply.

    If you do not notify us that you object to a change before the date on which it comes into effect, you will be deemed to have accepted it.

    The information on our website will be updated within three working days of an interest rate change.

    What would the estimated balance be after 12 months based on a £100 deposit? £101.30

    This projection is provided for illustrative purposes only. It is based on the minimum balance of £100, no further deposits or withdrawals being made and interest being added to the account. The projected balance is based on the annual interest rate.

    What would the estimated balance be after 12 months based on a £1,000 deposit? £1,013.50

    This projection is provided for illustrative purposes only. It is based on no further deposits or withdrawals being made and interest being added to the account. The projected balance is based on the annual interest rate.

    What would the estimated balance be after 12 months based on a £20,000 deposit? £20,350.00

    This projection is provided for illustrative purposes only. It is based on no further deposits or withdrawals being made and interest being added to the account. The projected balance is based on the annual interest rate.

    How do I open and manage my account?
    • To open an account simply call into Penrith Building Society with identification of all signatories together with a Certificate of Incorporation or Certificate to Trade and an account opening mandate and complete the relevant application forms. Alternatively an application pack can be posted to you (Cumbria based applicants only). Details of identification requirements can be obtained from our branch or on our website
    • Minimum investment £100
    • Maximum investment £150,000
    • This account is available to UK corporate bodies, solicitors client accounts and trust and trustee accounts, (with the exception of discretionary trusts) based in Cumbria and can be opened in branch or by post
    • Copies of documents must be *certified
    • The Society’s total limit on combined savings should not exceed £250,000
    • You can make payments into your account at any time by cash or cheque at our office during our normal opening hours by bank transfer or by post
    • Cheques made payable to the Society will only be accepted for payment into an account if they contain details (such as the name(s) of the account holder(s) or the account number)
    • You will receive a passbook to help keep track of your savings
    • Payments into your account can only be made in £ sterling
    • 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
      • Visit our website www.penrithbs.co.uk
    Can I withdraw money? Withdrawals can be made on demand during our normal business hours subject to our withdrawal limits and leaving the minimum balance of £100. If the balance in the account drops below £100 then the account will be closed and the balance outstanding together with any interest due will be repaid to the depositor. You must produce your passbook at the time of withdrawal. You can withdraw money in the following ways:

    • In person at our branch
    • By written postal request
    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 will need to see original documents, except if they are sent to us by post. In this case we will accept certified copies of documents, provided the original documents are no more than three months old. Certification must be carried out by either a registered solicitor or an employee of a FCA regulated organisation (eg. bank clerk). The person certifying the documents must provide their name, address and telephone number in case there is a query regarding your identity.

    Please Note
    When none of the authorised signatories are directors at least one of the company’s directors’ identification must be obtained and verified.
    We will require confirmation of any underlying beneficial owners of the company including those having ownership or control of over 25% of its shares or voting rights, AND
    Those with principal control over the company’s assets, e.g. Principal or shadow directors (information which can usually be found in your company accounts).

    DOWNLOAD KEY PRODUCT INFORMATION AS A PDF

    DOWNLOAD THE TERMS AND CONDITIONS FOR SAVINGS ACCOUNTS

  • Gross Account

    1.95%

    gross rate / 1.95% AER

    Rate Type

    Variable

    The Gross Account is especially for un-incorporated charities, bodies or funds based in Cumbria and who would like to invest without restricting access to their funds.

    X

    Download an application form

    To be able to download an application form you must first read the documentation below. Only when you have read the information and fully understand how the account works should you click to download the application form. For sole applications please complete only Account Holder 1 sections

    Download an application form

    Print, complete and post your application form to:

    Penrith Building Society, 7 King Street, Penrith, Cumbria, CA11 7AR

    Before posting you should remember to include:

    • Proof of your identity
    • A cheque for your opening deposit from your personal bank account

    If you have any questions about opening an account with us please email enquiries@penrithbs.co.uk or call us on 01768 863675.

    Download Application
    Find out more
    What is the interest rate? +Gross Rate%

    1.95

    ^AER%

    1.95

     
    Interest is paid half yearly on 30th June and 31st December and can be added to the account balance or paid to another bank or building society by BACS transfer
    Can Penrith Building Society change the interest rate? Rates are variable. This means we may increase or decrease the rates at any time. When we increase the rates we will tell you about it by placing notices in our Principal Office, on our website or in the local press within three working days of the change or within 30 days of the change, by letter or other personal notice.

    Where the change is a reduction in the interest rate we will give you written notification of the change before it comes into effect.

    This does not apply to:

    • interest rate tiers applicable to balances below the minimum operating balance for the account (provided we have clearly told you about the minimum balance requirements); or
    • fixed rate accounts

    If your account has a balance of £100 or more at the time the decision is taken to change the interest rate notification will be provided either:

    • at least 14 days before the rate change. You will then have a period of 30 days from the date of notification during which you may close or switch your account without having to give any period of notice or having to lose any interest or pay additional charges; or
    • the notification will be provided at least 14 days plus the period of notice applicable to the account (or 30 days if longer than the notice period) before the rate change. In this case the normal notice period for making withdrawals from or closing the account will apply.

    If you do not notify us that you object to a change before the date on which it comes into effect, you will be deemed to have accepted it.

    The information on our website will be updated within three working days of an interest rate change.

    What would the estimated balance be after 12 months based on a £1,000 deposit? £1,019.50

    This projection is provided for illustrative purposes only. It is based on no further deposits or withdrawals being made and interest being added to the account. The projected balance is based on the annual interest rate.

    How do I open and manage my account?
    • This account is available to UK un-incorporated bodies, charities and clubs based in Cumbria and can be opened in branch or by post
    • To open an account simply call into Penrith Building Society with identification of all signatories together with the Registered Charity Number and an account opening mandate and complete the relevant application forms. Alternatively an application pack can be posted to you. Details of identification requirements can be obtained from our branch or on our website
    • Minimum investment £25
    • Maximum investment £150,000
    • The Society’s total limit on combined savings should not exceed £250,000
    • Copies of documents must be *certified
    • You can make payments into your account at any time by cash or cheque at our office during our normal opening hours by bank transfer or by post
    • Cheques made payable to the Society will only be accepted for payment into an account if they contain details (such as the name(s) of the account holder(s) or the account number)
    • You will receive a passbook to help keep track of your savings
    • Payments into your account can only be made in £ sterling
    • 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
      • Visit our website www.penrithbs.co.uk
    Can I withdraw money? Withdrawals can be made on demand during our normal business hours subject to our withdrawal limits and leaving the minimum balance of £25. You must produce your passbook at the time of withdrawal. You can withdraw money in the following ways:

    • In person at our branch
    • By written postal request
    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 will need to see original documents, except if they are sent to us by post. In this case we will accept certified copies of documents, provided the original documents are no more than three months old. Certification must be carried out by either a registered solicitor or an employee of a FCA regulated organisation (eg. bank clerk). The person certifying the documents must provide their name, address and telephone number in case there is a query regarding your identity.

    Additional Required Information

    • Body, Charity or Club full name and address
    • Nature of the Body, Charity or Clubs activities and objects
    • Name of all trustees or equivalents
    • Name of all classes of beneficiaries, e.g. “Victims of Flooding”
    • A mandate from the Charity authorising the opening of the account or the undertaking of the transaction
    • An authority for those who will undertake transactions

    DOWNLOAD KEY PRODUCT INFORMATION AS A PDF

    DOWNLOAD THE TERMS AND CONDITIONS FOR SAVINGS ACCOUNTS

  • Affinity Account Supporting Eden Valley Hospice & Jigsaw, Cumbria’s Children’s Charity

    3.20%

    Gross rate / 3.20% AER

    Rate Type

    Variable

    You can choose to support one of our affinity partners by opening an Affinity Instant Access Share. We donate a percentage of the average balance on these accounts to your chosen affinity partner annually. 

    X

    Download an application form

    To be able to download an application form you must first read the documentation below. Only when you have read the information and fully understand how the account works should you click to download the application form. For sole applications please complete only Account Holder 1 sections

    Download an application form

    Print, complete and post your application form to:

    Penrith Building Society, 7 King Street, Penrith, Cumbria, CA11 7AR

    Before posting you should remember to include:

    • Proof of your identity
    • A cheque for your opening deposit from your personal bank account

    If you have any questions about opening an account with us please email enquiries@penrithbs.co.uk or call us on 01768 863675.

    Download Application
    Find out more
    What is the interest rate? +Gross Rate%

    3.20

    ^AER%

    3.20

    Interest is paid annually on 31st December and will be added to the account balance
    Can Penrith Building Society change the interest rate? Rates are variable. This means we may increase or decrease the rates at any time. When we increase the rates we will tell you about it by placing notices in our Principal Office, on our website or in the local press within three working days of the change or within 30 days of the change, by letter or other personal notice.

    Where the change is a reduction in the interest rate we will give you written notification of the change before it comes into effect.

    This does not apply to:

    • interest rate tiers applicable to balances below the minimum operating balance for the account (provided we have clearly told you about the minimum balance requirements); or
    • fixed rate accounts

    If your account has a balance of £100 or more at the time the decision is taken to change the interest rate notification will be provided either:

    • at least 14 days before the rate change. You will then have a period of 30 days from the date of notification during which you may close or switch your account without having to give any period of notice or having to lose any interest or pay additional charges; or
    • the notification will be provided at least 14 days plus the period of notice applicable to the account (or 30 days if longer than the notice period) before the rate change. In this case the normal notice period for making withdrawals from or closing the account will apply.

    If you do not notify us that you object to a change before the date on which it comes into effect, you will be deemed to have accepted it.

    The information on our website will be updated within three working days of an interest rate change.

    What would the estimated balance be after 12 months based on a £1,000 deposit? £1,032

    This projection is provided for illustrative purposes only. It is based on no further deposits or withdrawals being made and interest being added to the account. The projected balance is based on the annual interest rate.

    How do I open and manage my account?
    • This account is available to UK residents and can be opened in branch or by post, to open an account simply call into Penrith Building Society with identification and complete the relevant application form. Alternatively an application pack can be downloaded from our website or posted to you. Details of identification requirements can be obtained from our branch or on our website
    • Minimum investment £1
    • Maximum investment £20,000
    • Only one account per customer held individually or jointly
    • The Society’s total limit on combined savings should not exceed £250,000
    • You can make payments into your account at any time by cash or cheque at our office during our normal opening hours by bank transfer or by post
    • Cheques made payable to the Society will only be accepted for payment into an account if they contain details (such as the name(s) of the account holder(s) or the account number)
    • You will receive a passbook to help keep track of your savings
    • Payments into your account can only be made in £ sterling
    • 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
      • Visit our website www.penrithbs.co.uk
    Can I withdraw money? Withdrawals can be made on demand during our normal business hours subject to our withdrawal limits and leaving the minimum balance of £1. You must produce your passbook at the time of withdrawal. You can withdraw money in the following ways:

    • In person at our branch
    • By written postal request
    Additional Information
    • Tax treatment depends on individual circumstances and may be subject to change in the future.
    • By opening an Eden Valley Hospice & Jigsaw, Cumbria’s Children’s Hospice Affinity Account with Penrith Building Society, you can help them to continue to provide specialist care and support to local people who have life limiting conditions, without it costing you a penny. Penrith Building Society will make a cash payment each year to Eden Valley Hospice and Jigsaw, Cumbria’s Children’s Hospice equal to 0.50% gross interest on the average total balance held in all Eden Valley Hospice & Jigsaw, Cumbria’s Children’s Hospice Affinity Accounts.

    + 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.

    DOWNLOAD KEY PRODUCT INFORMATION AS A PDF

    DOWNLOAD THE TERMS AND CONDITIONS FOR SAVINGS ACCOUNTS

  • Affinity Account Supporting Pride in Penrith Lottery

    3.20%

    Gross rate / 3.20% AER

    Rate Type

    Variable

    You can choose to support one of our affinity partners by opening an Affinity Instant Access Share. We donate a percentage of the average balance on these accounts to your chosen affinity partner annually. 

    X

    Download an application form

    To be able to download an application form you must first read the documentation below. Only when you have read the information and fully understand how the account works should you click to download the application form. For sole applications please complete only Account Holder 1 sections

    Download an application form

    Print, complete and post your application form to:

    Penrith Building Society, 7 King Street, Penrith, Cumbria, CA11 7AR

    Before posting you should remember to include:

    • Proof of your identity
    • A cheque for your opening deposit from your personal bank account

    If you have any questions about opening an account with us please email enquiries@penrithbs.co.uk or call us on 01768 863675.

    Download Application
    Find out more
    What is the interest rate? +Gross Rate%

    3.20

    ^AER%

    3.20

    Interest is paid annually on 31st December and will be added to the account balance
    Can Penrith Building Society change the interest rate? Rates are variable. This means we may increase or decrease the rates at any time. When we increase the rates we will tell you about it by placing notices in our Principal Office, on our website or in the local press within three working days of the change or within 30 days of the change, by letter or other personal notice.

    Where the change is a reduction in the interest rate we will give you written notification of the change before it comes into effect.

    This does not apply to:

    • interest rate tiers applicable to balances below the minimum operating balance for the account (provided we have clearly told you about the minimum balance requirements); or
    • fixed rate accounts

    If your account has a balance of £100 or more at the time the decision is taken to change the interest rate notification will be provided either:

    • at least 14 days before the rate change. You will then have a period of 30 days from the date of notification during which you may close or switch your account without having to give any period of notice or having to lose any interest or pay additional charges; or
    • the notification will be provided at least 14 days plus the period of notice applicable to the account (or 30 days if longer than the notice period) before the rate change. In this case the normal notice period for making withdrawals from or closing the account will apply.

    If you do not notify us that you object to a change before the date on which it comes into effect, you will be deemed to have accepted it.

    The information on our website will be updated within three working days of an interest rate change.

    What would the estimated balance be after 12 months based on a £1,000 deposit? £1,032

    This projection is provided for illustrative purposes only. It is based on no further deposits or withdrawals being made and interest being added to the account. The projected balance is based on the annual interest rate.

    How do I open and manage my account?
    • This account is available to UK residents and can be opened in branch or by post, to open an account simply call into Penrith Building Society with identification and complete the relevant application form. Alternatively an application pack can be downloaded from our website or posted to you. Details of identification requirements can be obtained from our branch or on our website
    • Minimum investment £1
    • Maximum investment £20,000
    • Only one account per customer held individually or jointly
    • The Society’s total limit on combined savings should not exceed £250,000
    • You can make payments into your account at any time by cash or cheque at our office during our normal opening hours by bank transfer or by post
    • Cheques made payable to the Society will only be accepted for payment into an account if they contain details (such as the name(s) of the account holder(s) or the account number)
    • You will receive a passbook to help keep track of your savings
    • Payments into your account can only be made in £ sterling
    • 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
      • Visit our website www.penrithbs.co.uk
    Can I withdraw money? Withdrawals can be made on demand during our normal business hours subject to our withdrawal limits and leaving the minimum balance of £1. You must produce your passbook at the time of withdrawal. You can withdraw money in the following ways:

    • In person at our branch
    • By written postal request
    Additional Information
    • Tax treatment depends on individual circumstances and may be subject to change in the future.
    • By opening a Pride in Penrith Lottery (PIPL) Affinity Account with Penrith Building Society, you can be a part of this worthwhile initiative to make Penrith a great place to live and work without it costing you a penny. Penrith Building Society will make a cash payment each year to PIPL equal to 0.50% gross interest on the average total balance held in all PIPL Affinity Accounts. This means the more supporters who save in the scheme the bigger the cash payment will be to Pride in Penrith Lottery.

    + 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.

    DOWNLOAD KEY PRODUCT INFORMATION AS A PDF

    DOWNLOAD THE TERMS AND CONDITIONS FOR SAVINGS ACCOUNTS

  • Affinity Account – Supporting Sunbeams Music Trust

    3.20%

    Gross rate / 3.20% AER

    Rate Type

    Variable

    You can choose to support one of our affinity partners by opening an Affinity Instant Access Share. We donate a percentage of the average balance on these accounts to your chosen affinity partner annually. 

    X

    Download an application form

    To be able to download an application form you must first read the documentation below. Only when you have read the information and fully understand how the account works should you click to download the application form. For sole applications please complete only Account Holder 1 sections

    Download an application form

    Print, complete and post your application form to:

    Penrith Building Society, 7 King Street, Penrith, Cumbria, CA11 7AR

    Before posting you should remember to include:

    • Proof of your identity
    • A cheque for your opening deposit from your personal bank account

    If you have any questions about opening an account with us please email enquiries@penrithbs.co.uk or call us on 01768 863675.

    Download Application
    Find out more
    What is the interest rate? +Gross Rate%

    3.20

    ^AER%

    3.20

    Interest is paid annually on 31st December and will be added to the account balance
    Can Penrith Building Society change the interest rate? Rates are variable. This means we may increase or decrease the rates at any time. When we increase the rates we will tell you about it by placing notices in our Principal Office, on our website or in the local press within three working days of the change or within 30 days of the change, by letter or other personal notice.

    Where the change is a reduction in the interest rate we will give you written notification of the change before it comes into effect.

    This does not apply to:

    • interest rate tiers applicable to balances below the minimum operating balance for the account (provided we have clearly told you about the minimum balance requirements); or
    • fixed rate accounts

    If your account has a balance of £100 or more at the time the decision is taken to change the interest rate notification will be provided either:

    • at least 14 days before the rate change. You will then have a period of 30 days from the date of notification during which you may close or switch your account without having to give any period of notice or having to lose any interest or pay additional charges; or
    • the notification will be provided at least 14 days plus the period of notice applicable to the account (or 30 days if longer than the notice period) before the rate change. In this case the normal notice period for making withdrawals from or closing the account will apply.

    If you do not notify us that you object to a change before the date on which it comes into effect, you will be deemed to have accepted it.

    The information on our website will be updated within three working days of an interest rate change.

    What would the estimated balance be after 12 months based on a £1,000 deposit? £1,032

    This projection is provided for illustrative purposes only. It is based on no further deposits or withdrawals being made and interest being added to the account. The projected balance is based on the annual interest rate.

    How do I open and manage my account?
    • This account is available to UK residents and can be opened in branch or by post, to open an account simply call into Penrith Building Society with identification and complete the relevant application form. Alternatively an application pack can be downloaded from our website or posted to you. Details of identification requirements can be obtained from our branch or on our website
    • Minimum investment £1
    • Maximum investment £20,000
    • Only one account per customer held individually or jointly
    • The Society’s total limit on combined savings should not exceed £250,000
    • You can make payments into your account at any time by cash or cheque at our office during our normal opening hours by bank transfer or by post
    • Cheques made payable to the Society will only be accepted for payment into an account if they contain details (such as the name(s) of the account holder(s) or the account number)
    • You will receive a passbook to help keep track of your savings
    • Payments into your account can only be made in £ sterling
    • 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
      • Visit our website www.penrithbs.co.uk
    Can I withdraw money? Withdrawals can be made on demand during our normal business hours subject to our withdrawal limits and leaving the minimum balance of £1. You must produce your passbook at the time of withdrawal. You can withdraw money in the following ways:

    • In person at our branch
    • By written postal request
    Additional Information
    • Tax treatment depends on individual circumstances and may be subject to change in the future.
    • By opening a Pride in Penrith Lottery (PIPL) Affinity Account with Penrith Building Society, you can be a part of this worthwhile initiative to make Penrith a great place to live and work without it costing you a penny. Penrith Building Society will make a cash payment each year to PIPL equal to 0.50% gross interest on the average total balance held in all PIPL Affinity Accounts. This means the more supporters who save in the scheme the bigger the cash payment will be to Pride in Penrith Lottery.

    + 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.

    DOWNLOAD KEY PRODUCT INFORMATION AS A PDF

    DOWNLOAD THE TERMS AND CONDITIONS FOR SAVINGS ACCOUNTS

  • Junior Affinity Regular Saver – Supporting Penrith & District Red Squirrel Group

    4.70%

    Gross rate / 4.70% AER

    Rate Type

    Variable

    Helping you to start the savings habit early.

    X

    Download an application form

    To be able to download an application form you must first read the documentation below. Only when you have read the information and fully understand how the account works should you click to download the application form. For sole applications please complete only Account Holder 1 sections

    Download an application form

    Print, complete and post your application form to:

    Penrith Building Society, 7 King Street, Penrith, Cumbria, CA11 7AR

    Before posting you should remember to include:

    • Proof of your identity
    • A cheque for your opening deposit from your personal bank account

    If you have any questions about opening an account with us please email enquiries@penrithbs.co.uk or call us on 01768 863675.

    Download Application
    Find out more
    What is the interest rate? +Gross Rate%

    4.70

    ^AER%

    4.70

    • Interest is paid annually on 31st December and on maturity and will be added to the account balance
    • This is a five year fixed term, variable rate, monthly subscription account
    Can Penrith Building Society change the interest rate? Rates are variable. This means we may increase or decrease the rates at any time. When we increase the rates we will tell you about it by placing notices in our Principal Office, on our website or in the local press within three working days of the change or within 30 days of the change, by letter or other personal notice.

    Where the change is a reduction in the interest rate we will give you written notification of the change before it comes into effect.

    This does not apply to:

    • interest rate tiers applicable to balances below the minimum operating balance for the account (provided we have clearly told you about the minimum balance requirements); or
    • fixed rate accounts

    If your account has a balance of £100 or more at the time the decision is taken to change the interest rate notification will be provided either:

    • at least 14 days before the rate change. You will then have a period of 30 days from the date of notification during which you may close or switch your account without having to give any period of notice or having to lose any interest or pay additional charges; or
    • the notification will be provided at least 14 days plus the period of notice applicable to the account (or 30 days if longer than the notice period) before the rate change. In this case the normal notice period for making withdrawals from or closing the account will apply.

    If you do not notify us that you object to a change before the date on which it comes into effect, you will be deemed to have accepted it.

    The information on our website will be updated within three working days of an interest rate change.

    What would the estimated balance be after 60 months based on a maximum monthly subscription of £100 per month? £6,758.94

    This projection is provided for illustrative purposes only. It is based on the maximum monthly subscription of £100 being made for the full term of 5 years, that no withdrawals are made and interest being added to the account. The projected balance is based on the annual interest rate.

    What would the estimated balance be 12 months after the fixed term expires based on the balance at maturity? £6,965.09

    This projection is provided for illustrative purposes only. It is based on no further deposits or withdrawals being made and interest being added to the account. The projected balance is based on the annual interest rate of the Instant Access Shares.

     
    How do I open and manage my account?
    • This account is available to UK residents age 0-16 and can be opened in branch or by post, to open an account simply call into Penrith Building Society with identification and complete the relevant application form. Alternatively an application pack can be downloaded from our website or posted to you. Details of identification requirements can be obtained from our branch or on our website
    • If the applicant is under 7 years of age we will ask for the application form to be signed by a parent, guardian or trustee (one trustee per account permitted)
    • Minimum investment £5
    • The monthly subscription is any amount between £5 to £100 for 60 months, the monthly subscription can be any amount from £5 up to the maximum. You are not required to make monthly subscriptions however, if a monthly subscription is missed this cannot be caught up in subsequent months
    • 5 year fixed term savings
    • One account per child
    • The Society’s total limit on combined savings should not exceed £250,000
    • You can make payments into your account at any time by cash or cheque at our office during our normal opening hours by bank transfer or by post
    • Cheques made payable to the Society will only be accepted for payment into an account if they contain details (such as the name(s) of the account holder(s) or the account number)
    • You will receive a passbook to help keep track of your savings
    • Payments into your account can only be made in £ sterling
    • 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
      • Visit our website www.penrithbs.co.uk
    Can I withdraw money? A maximum of two withdrawals per year (January to December) of any amount leaving the minimum balance of £5. Withdrawals can be made on demand during our normal business hours subject to our withdrawal limits. The account cannot be closed prior to maturity other than in the event of the death of the investor. On maturity, if the account has not been closed, the maturing funds, including compounded interest will be transferred to the Instant Access Shares. You must produce your passbook at the time of withdrawal. You can withdraw money in the following ways:

    • In person at our branch
    • By written postal request
    Additional Information
    • Tax treatment depends on individual circumstances and may be subject to change in the future.
    • By opening a Junior Affinity Regular Saver which supports Penrith Red Squirrel Group (P&DRSG) with Penrith Building Society, you can be a part of this worthwhile initiative to help save the Red Squirrels without it costing you a penny. Penrith Building Society will make a cash payment each year to P&DRSG equal to 0.50% gross interest on the average total balance held in all Junior Affinity Regular Saver Accounts that support P&DRSG. This means the more supporters who save in the scheme, the bigger the cash payment will be to P&DRSG.

    + 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.

    DOWNLOAD KEY PRODUCT INFORMATION AS A PDF

    DOWNLOAD THE TERMS AND CONDITIONS FOR SAVINGS ACCOUNTS

  • Limited Access E-Saver Issue 2

    4.21%

    Gross rate / 4.21% AER

    Rate Type

    Variable

    Our online accounts are available to open and manage online, giving you flexibility to access your accounts at a time to suit your schedule.

    Find out more
    What is the interest rate? +Gross Rate%

    4.21

    ^AER%

    4.21

    Interest is paid annually on 31st December and will be added to the account balance
    Can Penrith Building Society change the interest rate? Rates are variable. This means we may increase or decrease the rates at any time. We will give you reasonable notice in advance of the change.

    For further details please see section 7 of the Terms and Conditions for Savings Accounts.

    What would the estimated balance be after 12 months based on a £1,000 deposit? £1,042.10

    This projection is provided for illustrative purposes only. It is based on no further deposits or withdrawals being made and interest being added to the account. The projected balance is based on the annual interest rate.

    How do I open and manage my account?
      • This account is available to UK residents who are over 18 and can be opened and managed online through our Penrith Online portal.
      • The account can be opened in sole names only.
      • Minimum investment £1.
      • Maximum investment £50,000. Once the maximum amount has been invested no further deposits to the account will be allowed. Interest can continue to be added to the account.
      • The total combined savings held by a customer with the Society 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.
      • Your first payment into the account must be made from the Nominated Bank Account. Subsequent payments into the account can be made by bank transfer from any UK bank account.
      • All withdrawals will be made to the Nominated Bank Account.
      • A deposit into the account must be received within 14 days of submitting your application.
      • Payments into your account can only be made in £ sterling.
    Can I withdraw money?
    • You are able to withdraw from your account up to 6 times in each calendar year as long as you leave the minimum balance of £1 in your account.
    • The 6th withdrawal will close the account.
    • Withdrawals can be requested to your Nominated Bank Account by using the withdrawal request facility in your Penrith Online portal.
    • When you request a withdrawal using the Penrith Online portal, we will action it by the end of the next working day following receipt.
    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

    • Send us a secure message through our Penrith Online portal
    • Email our savings team at savings@penrithbs.co.uk
    • Speak to our savings team on 01768 863675

    DOWNLOAD KEY PRODUCT INFORMATION AS A PDF

    DOWNLOAD THE TERMS AND CONDITIONS FOR SAVINGS ACCOUNTS

  • Regular E-Saver 200 (Issue 1)

    5.00%

    Gross rate / 5.00% AER

    Rate Type

    Variable

    Regular Saver accounts allow you to save a sum of money each month and usually for a specific period of time. Great for building your savings habit or saving for a special purchase.

    Please note this account is only available online.

    Find out more
    SUMMARY BOX
    Account Name Regular E Saver 200 (Issue 1)
    What is the interest rate? +Gross Rate % / ^AER%

    5.00

    • Interest is paid annually on 31st December and on maturity and will be added to the account balance.
    • This is a two-year fixed term, variable rate, monthly subscription account.
    Can Penrith Building Society change the interest rate?

     

     

     

     

    Rates are variable. This means we may increase or decrease the rates at any time. We will give you reasonable notice in advance of any change.

    For further details please see section 7 of our Terms and Conditions for Savings Accounts.

    What would the estimated balance be after 24 months based on a maximum monthly subscription of £200 per month?

     

     

    £5,053.25

    This projection is provided for illustrative purposes only. It is based on the maximum monthly subscription of £200 being made for the full term of 2 years, that no withdrawals are made, and interest being added to the account. The projected balance is based on the annual interest rate.

     

    How do I open and manage my account?
    •  This account is available to UK residents who are over 18 and can be opened and managed online through our Penrith Online Portal.
    •  Minimum investment £1.
    •  The maximum monthly subscription is £200 for 24 months, the monthly subscription can be any amount up to the maximum. You are not required to make monthly subscriptions however, if a monthly subscription is missed this cannot be caught up in subsequent months.
    •  A month means a calendar month, beginning on the first day of that calendar month and ending on the last day of that calendar month.
    • This is a two-year fixed term monthly subscription account.
    •   The Society’s total limit on combined savings should not exceed £250,000.
    •  This account is limited to one account per individual customer (joint accounts are not permitted).
    •  A Nominated UK Bank Account must be set up at the point of account opening and all withdrawals will be made to this account. (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).
    •    You can make payments into your account at any time by bank transfer.
    •  Payments into your account can only be made in £ sterling.
    •  You will receive an annual statement to help keep track of your savings. You will not receive a passbook for this account.
    Can I withdraw money?
    • You can withdraw money in the following ways:
    •   Withdrawals can be requested to your nominated bank account by using the withdrawal request   facility in your online savings portal. Your nominated bank account must be a UK bank or building  society account in your name or to which you are a joint party.
    •  When you request a withdrawal using the online saving portal, we will action it by the end of the  next working day following receipt.
    • A maximum of four withdrawals per calendar year (January to December) . 
    • The account will be closed upon the 5th withdrawal in the same calendar year

    On maturity, if no maturity instructions have been received, the maturing funds, including compounded interest will be transferred to an Instant Access Account.  

    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 stnds 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.

    Online Payments

    You can set up regular payments to your Penrith Building Society Regular Saver online; please allow adequate time for the Society to receive the payment. This may be affected by weekends, bank holidays and short months.

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

    • Send us a secure message through our Penrith Online portal.
    • Email our online savings team at support@penrithbs.co.uk
    • Speak to our online savings team on 01768 863675
  • Limited Access E-Saver Issue 2

    4.21%

    Gross rate / 4.21% AER

    Rate Type

    Variable

    Our online accounts are available to open and manage online, giving you flexibility to access your accounts at a time to suit your schedule.

    Find out more
    What is the interest rate? +Gross Rate%

    4.21

    ^AER%

    4.21

    Interest is paid annually on 31st December and will be added to the account balance
    Can Penrith Building Society change the interest rate? Rates are variable. This means we may increase or decrease the rates at any time. We will give you reasonable notice in advance of the change.

    For further details please see section 7 of the Terms and Conditions for Savings Accounts.

    What would the estimated balance be after 12 months based on a £1,000 deposit? £1,042.10

    This projection is provided for illustrative purposes only. It is based on no further deposits or withdrawals being made and interest being added to the account. The projected balance is based on the annual interest rate.

    How do I open and manage my account?
      • This account is available to UK residents who are over 18 and can be opened and managed online through our Penrith Online portal.
      • The account can be opened in sole names only.
      • Minimum investment £1.
      • Maximum investment £50,000. Once the maximum amount has been invested no further deposits to the account will be allowed. Interest can continue to be added to the account.
      • The total combined savings held by a customer with the Society 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.
      • Your first payment into the account must be made from the Nominated Bank Account. Subsequent payments into the account can be made by bank transfer from any UK bank account.
      • All withdrawals will be made to the Nominated Bank Account.
      • A deposit into the account must be received within 14 days of submitting your application.
      • Payments into your account can only be made in £ sterling.
    Can I withdraw money?
    • You are able to withdraw from your account up to 6 times in each calendar year as long as you leave the minimum balance of £1 in your account.
    • The 6th withdrawal will close the account.
    • Withdrawals can be requested to your Nominated Bank Account by using the withdrawal request facility in your Penrith Online portal.
    • When you request a withdrawal using the Penrith Online portal, we will action it by the end of the next working day following receipt.
    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

    • Send us a secure message through our Penrith Online portal
    • Email our savings team at savings@penrithbs.co.uk
    • Speak to our savings team on 01768 863675

    DOWNLOAD KEY PRODUCT INFORMATION AS A PDF

    DOWNLOAD THE TERMS AND CONDITIONS FOR SAVINGS ACCOUNTS

  • Regular E-Saver 200 (Issue 1)

    5.00%

    Gross rate / 5.00% AER

    Rate Type

    Variable

    Regular Saver accounts allow you to save a sum of money each month and usually for a specific period of time. Great for building your savings habit or saving for a special purchase.

    Please note this account is only available online.

    Find out more
    SUMMARY BOX
    Account Name Regular E Saver 200 (Issue 1)
    What is the interest rate? +Gross Rate % / ^AER%

    5.00

    • Interest is paid annually on 31st December and on maturity and will be added to the account balance.
    • This is a two-year fixed term, variable rate, monthly subscription account.
    Can Penrith Building Society change the interest rate?

     

     

     

     

    Rates are variable. This means we may increase or decrease the rates at any time. We will give you reasonable notice in advance of any change.

    For further details please see section 7 of our Terms and Conditions for Savings Accounts.

    What would the estimated balance be after 24 months based on a maximum monthly subscription of £200 per month?

     

     

    £5,053.25

    This projection is provided for illustrative purposes only. It is based on the maximum monthly subscription of £200 being made for the full term of 2 years, that no withdrawals are made, and interest being added to the account. The projected balance is based on the annual interest rate.

     

    How do I open and manage my account?
    •  This account is available to UK residents who are over 18 and can be opened and managed online through our Penrith Online Portal.
    •  Minimum investment £1.
    •  The maximum monthly subscription is £200 for 24 months, the monthly subscription can be any amount up to the maximum. You are not required to make monthly subscriptions however, if a monthly subscription is missed this cannot be caught up in subsequent months.
    •  A month means a calendar month, beginning on the first day of that calendar month and ending on the last day of that calendar month.
    • This is a two-year fixed term monthly subscription account.
    •   The Society’s total limit on combined savings should not exceed £250,000.
    •  This account is limited to one account per individual customer (joint accounts are not permitted).
    •  A Nominated UK Bank Account must be set up at the point of account opening and all withdrawals will be made to this account. (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).
    •    You can make payments into your account at any time by bank transfer.
    •  Payments into your account can only be made in £ sterling.
    •  You will receive an annual statement to help keep track of your savings. You will not receive a passbook for this account.
    Can I withdraw money?
    • You can withdraw money in the following ways:
    •   Withdrawals can be requested to your nominated bank account by using the withdrawal request   facility in your online savings portal. Your nominated bank account must be a UK bank or building  society account in your name or to which you are a joint party.
    •  When you request a withdrawal using the online saving portal, we will action it by the end of the  next working day following receipt.
    • A maximum of four withdrawals per calendar year (January to December) . 
    • The account will be closed upon the 5th withdrawal in the same calendar year

    On maturity, if no maturity instructions have been received, the maturing funds, including compounded interest will be transferred to an Instant Access Account.  

    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 stnds 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.

    Online Payments

    You can set up regular payments to your Penrith Building Society Regular Saver online; please allow adequate time for the Society to receive the payment. This may be affected by weekends, bank holidays and short months.

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

    • Send us a secure message through our Penrith Online portal.
    • Email our online savings team at support@penrithbs.co.uk
    • Speak to our online savings team on 01768 863675
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.

Skip to content