Home Deposit Saver - Hanley Economic Building Society

Home Deposit Saver

Hanley Economic Building Society
3.1 % AER
Headline Interest Rate
Regular Saver
FSCS
Compensation Scheme
£ 100 min monthly deposit
£ 500 max monthly deposit
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About the account

Account Type: Regular Saver
Headline Interest Rate: 3.1 % AER
Protection Scheme: This account is covered by the Financial Services Compensation Scheme.
Minimum Initial Deposit: £ 100
Minimum Monthly Deposit: £ 100
Minimum Additional Deposit: £ 100
Maximum Monthly Deposit: £ 500
What happens if you miss a payment: If no subscriptions are made for 3 consecutive months or if 3 or more subscriptions are missed throughout the Society year (1st September - 31st August), then the Society after giving the account holder 30 days notice of their intention to do so, reserves the right to either close the account or transfer it to an Instant Access Savings Account.
Date account was introduced: 01 Sep 2016
Date of last rate changed: 01 Sep 2016
Maximum rate change: 0.15 %

Rate details

Gross Rate
Excluding Bonus
Gross Rate
Including Bonus
AER
£1003.10%3.10%3.10%

Account access

Open account byManage account by
Bank
Post
Phone
Internet
Interest Payment Option
Interest Added to Account
Interest Paid to Other A/c
Interest Paid to Bank A/c
Interest Paid by Cheque
Interest Payment Frequency: annually
Statement Frequency: annually
Additional Deposits: Not allowed
Standing Orders: Not allowed
Passbook: Passbook available.

Withdrawals

Withdrawal Conditions: Withdrawals are permitted subject to 180 days' interest penalty. Instant access withdrawals are permitted if the balance is being withdrawn for a house deposit linked a mortgage with The Hanley. Closure terms are the same as withdrawal terms.
Minimum Withdrawal: £ 1
Notice and Penalty Charge: Withdrawals are permitted subject to 180 days' interest penalty. Instant access withdrawals are permitted if the balance is being withdrawn for a house deposit linked a mortgage with The Hanley.
Free Withdrawal Conditions: Withdrawals are permitted subject to 180 days' interest penalty. Instant access withdrawals are permitted if the balance is being withdrawn for a house deposit linked a mortgage with The Hanley.

Conditions

Trustee Types: This product is available to open on behalf of a child.
Additional Subscriptions Permitted: This account does not let you transfer ISA savings from a deceased spouse
Restricted Availability: Only available for customers who are saving for a deposit for a house.

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