+Gross Rate%

1.70

^AER%

1.70

• Interest is paid on maturity and will be added to the account balance
• Interest rates on this account are variable for the one-year term of the account
• Interest rate is guaranteed to remain a minimum of 1% gross above the highest band of the Society's Instant Access Shares rate until Maturity

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 the 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:

£5,085.00

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.

£5,110.43

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 individual 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 posted to you. Details of identification requirements can be obtained from our branch or on our website


• Account available to new monies to the Society only


• Minimum investment £5,000
• Maximum investment £100,000
• One account per customer held individually (joint accounts are not permitted)
• The Society’s total limit on combined savings should not exceed £150,000
• Additional credits allowed within the first 30 days of account opening up to the maximum limit
• 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 01768 863675
  • Visit our website www.penrithbs.co.uk

Withdrawals are not permitted prior to maturity except on death of the investor.

This account will mature 1 year from inception. After the fixed term period your account will be transferred to either your nominated account or a variable rate Instant Access Shares account. We will write to you before the end of the fixed term period to let you know the options available to you as well as advising you of the interest rate currently payable on our range of savings accounts.