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East Cheshire Hospice Savings Account

East Cheshire Hospice Savings Account

Open a Leek United East Cheshire Hospice Savings Account and you'll be supporting a charity that puts its patients, carers and families at the centre of everything it does.

We are proud to have teamed up with East Cheshire Hospice, a local hospice that prioritises each patient's needs and wishes, aiming to improve overall quality of life with practical assistance, emotional and spiritual support. At a time when family is so important, they also support carers and relatives with social and family services, counselling, complementary therapies and much more.

Summary Box - Key Product Information
Account Name East Cheshire Hospice Savings Account
What is the interest rate?

Annual interest
£1+
£500+
£5,000+
£10,000+
£25,000+

 


0.10% Gross*/AER**
0.10% Gross*/AER**
0.10% Gross*/AER**
0.10% Gross*/AER**
0.10% Gross*/AER**

Interest is calculated daily and paid annually on 1 January.

Monthly interest
£5,000+
£10,000+
£25,000+

 


0.10% Gross*/AER**
0.10% Gross*/AER**
0.10% Gross*/AER**

Interest is calculated daily and paid monthly on the first of the month.

Can Leek United Building Society change the interest rates?

The interest rate on this account is variable.

Leek United Building Society has the right to change interest rates in certain circumstances. Please see the Society's Statement of Practice Investors leaflet which provides further information on these circumstances.

What would the estimated balance be after 12 months based on a £1,000 deposit?

Based on a deposit of £1,000 the estimated balance after 12 months is £1,001.00. This projection assumes that the amount of £1,000 is deposited in the account at the time it is opened and that no further deposits or withdrawals are made for the full interest period.

This projection is provided for illustration purposes only.

How do I open and manage my account?

The account can be opened in person at one of our branches or by post.

The account must be opened with a minimum deposit of at least £1. A maximum of £250,000 can be held in the account.

Available to UK residents only.

Account restricted to one per customer.

Can I withdraw money?

Withdrawals can be made subject to standard branch withdrawal limits.

Withdrawals will not be allowed without the passbook.

Additional information

If your balance is above £5,000 you can request your interest is paid monthly.

The above rates are applicable from 16 April 2020.

* Gross rate of interest is the interest rate payable before any income tax is deducted (if you do pay tax).

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

In some circumstances, customers will be required to pay tax on interest earned. Please contact HM Revenue & Customs for further information or view their website.

The tax information provided is based on our understanding of current law and HM Revenue & Customs practice, both of which may change.

  1. These terms and conditions below must be read in conjunction with our Statement of Practice Investors leaflet, which details generic terms and conditions relating to all of our savings accounts.
     
  2. Your initial investment must be at least £1. You can add to this up to a maximum of £250,000.
     
  3. Accounts can be opened via branch or post.
     
  4. Account restricted to one per customer.
     
  5. You have easy access to your money without any loss of interest, subject to branch withdrawal limits.
     
  6. Interest rates can vary.
     
  7. Interest is calculated on a daily basis and paid on 1 January or monthly on the first of each month.
     
  8. Once you have opened your East Cheshire Hospice Savings Account, you have 14 calendar days after the account has opened to notify us that you wish to change your mind. If you notify us within this time, we will help you transfer to another of our accounts or (assuming we have received cleared funds) give you back your money together with any interest it has earned. We will ignore any notice period and any charges which would usually apply.
     
  9. Tax assumptions are those currently applicable and are subject to statutory change.
     
  10. No direct debits will be allowed on this account.

For details relating to the Financial Services Compensation Scheme please click here.

Apply now

Apply in Branch

In Branch

Find out more

To apply for this account in branch, get in touch and book an appointment with us.
 

Due to Coronavirus and the health & safety of our members and colleagues being our top priority, we have temporarily suspended our face to face, in-branch appointments. However, you can still speak to us and book a face to face video call or telephone appointment to apply for this account.
 

We may ask you to provide ID to confirm your name and address. To assist you, we try to verify this electronically. If we are unable to, we would require your paper documentation instead. For a full list of what documents are acceptable, please read our Proving your identity leaflet by clicking here.

You will also need to bring a cheque or cash for at least the minimum investment to open the account.

 

Find My Local Branch

To open this account by post, please follow these simple steps:
 

For your own benefit and protection, please read all the account terms and conditions carefully, then download and print the application form below:

>Savings Account application form

 

 

 

Please read the important information below before you open your account:
>FSCS Sheet
>Statement of Practice Investors
>Savings Fees and Charges

 

 

 

Complete your savings application form and post it, along with your cheque deposit (made payable to the account holder) to:

Savings Department, 50 St. Edward Street, Leek Staffordshire, ST13 5DL