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.

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.

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.

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.

• 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

• In person at our branch
• By written postal request

2.25

2.25

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

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. 

• This account is available to UK residents who are over 18 and can be opened and managed online only, through our Penrith Online portal.
• The account can be opened in sole names only
• Minimum investment £1.
• 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 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.

• 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.

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