Regular Savings (Issue 3) - Holmesdale Building Society

Regular Savings (Issue 3)

Holmesdale Building Society
2 % AER
Headline Interest Rate
Regular Saver
FSCS
Compensation Scheme
£ 10 min monthly deposit
£ 250 max monthly deposit
  • Open By:

About the account

Account Type: Regular Saver
Headline Interest Rate: 2 % AER
Protection Scheme: This account is covered by the Financial Services Compensation Scheme.
Minimum Initial Deposit: £ 10
Minimum Monthly Deposit: £ 10
Minimum Additional Deposit: £ 1
Maximum Monthly Deposit: £ 250
What happens if you miss a payment: If a payment is missed a reduced rate of 0.10% will apply until maturity.
Date account was introduced: 01 Sep 2014

This account may be appropriate for you if

  • You are happy not withdrawing funds before the end of the term
  • You are over 16 years of age

Rate details

Gross Rate
Excluding Bonus
Gross Rate
Including Bonus
AER
£102.00%2.00%2.00%

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: maturity
Statement Frequency: maturity
Additional Deposits: Not allowed
Standing Orders: Allowed

Withdrawals

Withdrawal Conditions: No withdrawals permitted during term of account. Closure allowed but reduced rate of 0.10% will apply to balance.
Notice and Penalty Charge: There are no withdrawal conditions.
Free Withdrawal Conditions: No withdrawals permitted during term of account.
Transferred on Maturity: If no maturity instructions are received, the account will automatically transfer to an Easy Access account upon maturity.

Conditions

New Money Only: This account is only available to new savers.
Additional Subscriptions Permitted: This account does not let you transfer ISA savings from a deceased spouse

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