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

Welcome to Penrith Building Society
We’ve been helping our members with their savings and mortgage needs since 1877. We are based in the beautiful town of Penrith in Cumbria and we are proud to be able to offer our savings and mortgage products throughout the UK.
There is something very special about being a mutually owned organisation, where all of our customers become members of our Society. For all of us here at Penrith, it is about putting our members at the heart of everything we do. Whether you are saving for something special, buying your first home or want to talk to us about making your money work harder for you, we are here to help, listening and supporting, as we have been since 1877.
Limited Access E-Saver Issue 2
4.21%
Gross rate / 4.21% AER
Rate Type
VariableAccess
LimitedInterest Paid
AnnuallyAvailability
- Online
Branch
Post
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. |
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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. |
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How do I open and manage my account? |
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Can I withdraw money? |
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Additional Information |
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+ 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
Our Online Savings Range
Saving a little bit regularly or setting money aside for something bigger? Our range of ISAs, easy access and fixed-term accounts are designed to help you save however you need to, for however long you want to. From junior accounts to tax-free, we’ve taken the hassle out of opening a savings account with us.
We have savings products that can be opened and managed online, in Branch or by post and all of our products are protected by the Financial Services Compensation Scheme. Find out more here

With a Regular Saver account, you can save a sum of money each month, usually for a specific period of time.
Once your funds have built up, you can use them towards a special purchase or invest them into another savings account and keep up your saving habit.