Coniston Bond (Issue 2) | Fixed Rate of 0.75% & Fixed Term of two years (existing Coniston Bond holders only)
- Minimum investment £5,000
- Maximum investment £50,000
- Interest rates on this account are fixed for the two year term of the account.
- Withdrawals are not permitted prior to maturity except on death of the investor.
- Interest is paid annually on 31st December and on maturity will be added to the account balance.
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Ullswater Bond (Issue 3) | 2 year fixed term, fixed rate bond (Existing Ullswater Bond holders only)
- Minimum investment £5,000
- Maximum investment £50,000
- Interest rates on this account are fixed for the two year term of the account.
- Withdrawals are not permitted prior to maturity except on death of the investor.
- Interest is paid annually on 31st December and on maturity will be added to the account balance.
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Derwent Bond | 2 year fixed term, fixed rate bond
- Minimum investment £5,000
- Maximum investment £50,000
- Interest rates on this account are fixed for the two year term of the account.
- Withdrawals are not permitted prior to maturity except on death of the investor.
- Interest is paid annually on 31st December and on maturity will be added to the account balance.
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Coronation Fixed Term Bond | 1 year fixed term, variable rate bond
- Minimum investment £5,000
- Maximum investment £100,000
- Interest rates on this account are variable for the one-year term of the account.
- Withdrawals are not permitted prior to maturity except on death of the investor.
- Interest is paid on maturity will be added to the account balance.
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Help to Buy ISA (Cumbria Only) | Have you ever dreamed of getting a foot on the housing ladder and buying your first home? Here at Penrith Building Society we can help, with our Help to Buy: ISA you will not only earn interest on your savings but the Government will also give you a helping hand by topping up your savings by 25%, that’s £50 for every £200 you save up to a maximum bonus of £3,000.
You can open your account with as little as £1 and you can save up to £1,200 in the first month
You can then make regular payments into your Help to Buy: ISA of up to £200
Accounts are available to anyone in Cumbria and are limited to one per person, not one per home, so those buying together can each claim a bonus
You only need to save £1,600 to claim the minimum Government bonus of £400
The bonus can only be used towards your first home with a purchase value of up to £450,000 in London, or up to £250,000 in other parts of the UK
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Regular Saver 200 |
- Fixed term (2 years) savings account
- Minimum monthly subscription £1 maximum monthly subscription £200
- You are not required to make monthly subscriptions however, if a monthly subscription is missed this cannot be caught up in subsequent months
- Variable interest rate
- Compounded interest on 31st December and closure
- Only one account per individual (no joint accounts) over the age of 16 and a UK resident
- Maximum of two withdrawals per calendar year (Jan-Dec) to minimum balance of £1
- No closures prior to maturity other than in the event of death
- Maturity to an instant access shares account unless specified otherwise
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ISA – Issue 1 | Minimum balance £100. Annual subscription subject to HMRC limits.
- Existing customers can add to and transfer in and out of this ISA, however partial transfers are not allowed
- Tax Free Savings
- Instant Access (down to minimum balance of £100)
- Variable interest rate
- Interest paid annually and compounded on the 5th April
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ISA – Issue 2 | Annual subscription subject to HMRC limits.
- Available to Cumbria residents only.
- Tax free savings account. Instant access.
- Minimum balance: £100
- New subscriptions only. Transfers into the account from any other cash ISA are not permitted.
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Penrith Capital Bond 3 (Issue 4) | 2 year fixed rate fixed term bond (Existing Penrith Capital Bond 3 (Issue 3) holders only)
- No access
- Annual interest compounded on the 31st December and on maturity
- Available for a limited period only
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Penrith Capital Bond 5 (Issue 4) | 2 year fixed rate fixed term bond
- No access
- Annual interest compounded on the 31st December and on maturity
- Available for a limited period only
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140th Anniversary Bond (Issue 3) | 2 year fixed rate fixed term bond (existing 140th Anniversary Bond (Issue 2) holders only)
- No access
- Annual interest compounded on the 31st December and on maturity
- Available for a limited period only
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Loyalty 90 Day Notice Account | 90 Day Notice Account
- Available to existing Eden Shares 90 Day account and Beacon Shares account holders only
- Minimum £500
- No withdrawals without notice period
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Gross Account Non-Residents |
- Instant Access
- Minimum balance £25
- Maximum balance £25,000
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