+Gross Rate%

4.00

^AER%

4.00

• Interest is paid annually on 31st December and will be added to the account balance
• After saving for a minimum of 6 months and providing you choose and are eligible to complete your mortgage with Penrith Building Society, we will pay a bonus of 1% on your final savings balance when the account is closed

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 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:

• 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.

£1,040.00

This projection is provided for illustrative purposes only. It is based on no further deposits or withdrawals being made, interest being added to the account and does not include the bonus. The projected balance is based on the annual interest rate.

£1,050.40

This projection is provided for illustrative purposes only. It is based on no further deposits or withdrawals being made, interest being added to the account and includes the bonus assuming the bonus conditions are met. 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
• Maximum investment £20,000
• Accounts are limited to one per person held individually
• The account is not available to re-mortgage customers
• 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

Withdrawals can be made on demand during our normal business hours subject to our withdrawal limits and leaving the minimum balance of £1. You must produce your passbook at the time of withdrawal. You can withdraw money in the following ways:

• In person at our branch
• By written postal request

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

Bonus Payment
If you make a mortgage application to Penrith Building Society which is then approved and, when you close your account and complete your mortgage, the bonus payment of 1% of your final savings balance will be sent to you. The bonus will be calculated on your final savings balance on the day the account is closed and the maximum bonus payment is £200.