Key Product Features

• Minimum opening balance £1, maximum £500.

• Minimum monthly savings £25, maximum £500.

• Regular minimum monthly deposit must be made.

• Two penalty free withdrawals allowed per calendar year.

• Interest is paid annually.

The 'gross rate' is the contractual rate of interest payable before the deduction of income tax at the rate specified by law.

The 'net rate' is the rate of interest which would be payable after allowing for the deduction of income tax at the specified rate.

The 'AER' stands for Annual Equivalent Rate and illustrates what the interest rate would be if it was paid and compounded once each year.

Details Summary

• Interest is calculated as at 31 December each year and can either be paid back to this account where it will earn even more interest, direct to another Cheshire investment account or to your bank/building society.

• If you fail to make a deposit in a three month consecutive period, then the interest rate will revert to our lowest Premium Access rate from the date of the last receipt to the end of the calendar year.

• If you make more than two withdrawals per calendar year, then the interest rate will revert to our lowest Premium Access rate from the date of the third withdrawal, until the end of the calendar year.

• You can withdraw up to £500 cash or larger amounts by cheque at any Cheshire branch.

• Deposits accepted by cash, cheque, transfers or standing order.

• Deposits can be made in more than one transaction per month.
• Cheque deposits will earn interest after 4 working days from the date the Society receives them. Standing order deposits earn interest from the date of funds transfer.

• Deposits by standing order need to leave your bank/building society account by the 20th of each calendar month to ensure it’s credited to the Regular Saver account by the end of the month.

Other Information

• Terms and Conditions
  Please ensure you have read the Society’s Terms and Conditions before completion of your application, as you will be signing to say that you have read, understood and agree to be bound by them. Print Terms and Conditions now (opens in a new window) or request printed copy (opens in a new window) .
• Financial Services Compensation Scheme
  Cheshire Building Society is a member of the Financial Services Compensation Scheme established under the Financial Services and Markets Act 2000. Payments under the Scheme are limited to a maximum of 100% of the first £35,000 of an investor’s total shares and/or deposits. Most investors are covered, including individuals and small firms. Although most shares and deposits in UK building societies are denominated in sterling, the euro and other European Economic Area currencies are also covered. Further details are available on request from the Society.
• English Law
  Any contract entered into between yourself and the Society will be based upon English law.
• English Language
  All correspondence between yourself and the Society will be communicated in English.
• Right to Cancel
  You have the right to cancel this product, without penalty within 14 days of commencement. Cancellation instructions must be received in writing before the 14th day.  All instructions should be addressed to: Investment Team, Castle Street, Macclesfield, Cheshire  SK11 6AF.
• Complaints
  If you are not satisfied with any Cheshire Building Society product or service we have a complaint handling procedure (opens in a new window) that you can use to resolve such matters.
  Cheshire Building Society is a member of The Financial Ombudsman Service. If you are still not satisfied after following the Cheshire Building Society procedures, you can ask the Ombudsman to review the complaint.
  You can find out more about The Financial Ombudsman Service in a leaflet available from any branch or by telephoning the Customer Contact Centre on 0845 755 0555. Alternatively you can write to: Financial Ombudsman Service, South Quay Plaza, 183 Marsh Wall, London E14 9SR or telephone 020 7964 1000