4.71

4.71

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

• 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 6^th 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.

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

4.91

4.91

For further details please see section 7 of the Terms and Conditions for Savings 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 through our Penrith Online portal only.
• This account can be opened in sole names only.
• Minimum investment £500.
• Maximum investment £100,000 – once the maximum amount has been invested no further credits 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 your Nominated Bank Account. Subsequent payments into the account can be made by banktransfer from any UK bank account.
• A deposit into the account of at least the minimum amount of £500 must be received within 14 days of submitting your application.
• Payments into your account can only be made in £ sterling.

• Withdrawals can be made subject to the 100-day notice period and leaving a minimum balance of £500.
• Withdrawals cannot be made without serving the notice period.
• You will give notice to withdraw from your account via our Penrith Online portal only. Once the notice period has been served the funds will be transferred to your Nominated Bank Account by bank transfer
• If the 100-day notice period ends on a weekend or Bank Holiday, we will transfer the funds on the previous working day

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