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Access X4

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Product
Balance
AER
Gross
 
Access X4
£1,000 - £49,999
0.30%
0.30%
Product
Access X4
Balance
£1,000 - £49,999
AER
0.30%
Gross
0.30%
£50,000+
0.60%
0.60%
Product
Balance
£50,000+
AER
0.60%
Gross
0.60%
  • Minimum opening amount and balance £1000.
  • Maximum balance of £250,000, subject to an overall Society limit of £750,000
  • Available to new members and existing members  aged 16 and over residing in the United Kingdom.
  • A passbook will be issued when the account is opened.
Summary Box
Account NameAccess X4
What is the Interest Rate?
    • Interest is variable and the rate is currently:
      • £1000 – £49,999.99 = 0.30% Gross/AER*
      • £50,000 + = 0.60% Gross/AER*
    • Interest is calculated daily and paid anually on 31 March.
    • Interest can be added to the account, paid to a bank or another Loughborough Building Society account.
    • For a full list of our current interest rates click here.
Can the Loughborough Building Society change the Interest Rate?
    • We may change interest rates at any time.
    • For further information about why we may change the rate and how we will tell you about a change, please refer to section 7.4 of the Society’s General Terms and Conditions.
What would the estimated balance be after 12 months?
    • Based on the current interest rate, if you deposited
    • £1000 in this account, after 12 months you’d have £1003
    • £50,000 in this account, after 12 months you’d have £50,300
    • Please note that these projections are  provided for illustration purposes only and assume that no  changes take place on the account after the initial deposit is made.
How do I open and manage my account?
    • To open an account you need to provide a completed application form, the minimum investment of £1000.00, proof of your identity and address.
    • Maximum balance of £250,000, subject to an overall Society limit of £750,000.
    • Available to new members and existing members aged 16 years and over residing in the United Kingdom.
    • This account can be operated via branch and post.
    • No further deposits will be allowed if the account becomes a closed issue.
    • A passbook will be issued when it is opened.
Can I withdraw money?
    • Four withdrawals per calendar year are allowed without notice or penalty, subject to the Society’s normal daily limits which are : £500 cash or £99,999 cheque per day at any branch or agency office. Larger amounts of cash up to £2000 and cheques over £99,999 require at lease 24 hours’ notice
    • All withdrawals are subject to the minimum account balance of £1000.
    • You may also close your account, even if four withdrawals have been made.
    • The account may be closed, even if four withdrawals have been made, without penalty, upon death of the account holder.
    • A passbook must be present when a withdrawal or closure is requested.
Additional Information
    • Interest is payable gross (no tax is deducted). However, you may be liable to pay tax depending on your income, for further details go to www.GOV.UK and search Personal Savings Allowance.
    • *Gross means the contractual rate of interest payable on which you may be liable to pay income tax at the prescribed rate. AER illustrates what the interest rate would be if it were paid and added each year.

Terms and Conditions

Before opening this account please read our General Terms and Conditions.

 

Financial Services Compensation Scheme

We are covered by the Financial Services Compensation Scheme (FSCS).  The FSCS can pay compensation to depositors if a building society is unable to meet its financial obligations.  It’s important that you read the FSCS Information Sheet. It provides basic information about the protection of your savings deposits.

Opening an account is easy and you can do that in any of our branches or by post.

Simply download, print and complete the application form.  Then return your completed form, necessary identification and opening cheque to your preferred branch or post it to Loughborough Building Society, 6 High Street, Loughborough LE11 2QB.

Cheques must be payable to the account holder.

For postal applications we will accept photocopy identification documents as long as they are certified by an appropriate person such as a solicitor, accountant, bank or building society official or other financial services approved person and we are provided with sufficient information to be able to contact that person.

You should read all the product information to ensure this account is right for you and also the Financial Services Compensation Scheme Information Sheet and our General Terms and Conditions.

Download an application form