Charity account

Account name

Charity account

What is the interest rate?

Account balance

Interest rate

£1+

3.75% Gross/AER variable

• If the balance falls below the minimum operating balance, a variable rate of 1.50% gross/AER will be paid.

• Interest is variable and calculated daily and paid annually on 31 October or upon closure. Annual interest can be credited to this account, or another Newbury Building Society account or your bank account.

Can Newbury Building Society change the interest rate?

• The rate can be changed in accordance with our Savings terms and conditions. These can be accessed in branch and online at www.newbury.co.uk.

• You will be notified of any material downward rate change by letter or secure message.

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

Account balance

Estimated balance

£1+

£1,037.50

• This estimation is for illustrative purposes only and does not reflect individual circumstances.

How do I open and manage my account?

• Available to those aged 18 and over.

• Account can be opened in person, in one of our branches or online. It cannot be opened by post.

• Once opened, it can be operated in branch, via post or online.

• Only one account per customer either in single or joint names.

• Account holder/s must be resident in England or Wales.

• The minimum opening balance is £100.

• The minimum operating balance is £1.

• If you are opening your account without a deposit, the opening deposit must be made after the account has been approved and within 14 calendar days. Once the deposit is received, we will send the passbook to you. If the opening deposit is not received within 14 calendar days, then the account will be closed.

• The maximum balance is £50,000.

• Up to £500 cash per day in branch.

• By cheque against cleared funds in branch or by post.

• By electronic payment in branch to your nominated account (up to £50,000).

• Via the myaccounts online service to your nominated account (up to £50,000).

• By CHAPS for electronic payments to your nominated account (over £50,000).

Can I withdraw money?

35 days’ notice is required for all withdrawals; there is no option to withdraw early with a penalty. Once notice has been given, withdrawals can be made:

Additional information

• Tax status – From 6 April 2016, HMRC introduced a Personal Savings Allowance for individuals and as a result interest on savings is paid gross of tax. Your tax treatment will depend on your individual circumstances and may be subject to change in the future. For further information go to www.GOV.UK.

• Newbury Building Society supports nine charities as chosen by our members. When you open the account, we will ask you to confirm which of our Charity partners you would like to support. We will pay a donation of 0.80% which is calculated on the account balance on a daily basis and paid directly to the charity annually. Please see ‘Important notes’ for more information.

Newbury Building Society currently supports these charities as chosen by our members

Countess of Brecknock Hospice (Reg. No: 1067238) A specialist palliative care unit, within Andover War Memorial Hospital.

Dementia-friendly Alton (Reg. No: 1202095) Founded in 2014, Dementia Friendly Alton facilitates partnerships with community groups,

businesses and other organisations to promote a community that provides vital support to those with living with the condition.

Helen and Douglas Hospice (Reg. No: 1085951) - An Oxford based hospice caring for terminally ill children, young adults and their families.

Newbury Cancer Care (Reg. No: 1157796) A small independent charity helping local people who have been diagnosed with cancer & other life-threatening illnesses.

Newbury Soup Kitchen (Reg. No: 1179298) Newbury Soup Kitchen is a service for homeless and vulnerable people in Newbury that provides hot food along with an opportunity to socialise with and access support from their non-judgemental team and other likeminded people.

Priors Court Foundation (Reg. No: 1070227) Enables people with autism to reach their full potential and lead as independent and inclusive lives as possible.

St. Michael’s Hospice (Reg. No: 1002856) Enables anyone faced with a life-limiting illness, their families and carers, to attain the highest possible quality of life by providing a choice of specialist care and support.

Sue Ryder (Reg. No: 1052076) Hospice and neurological care for people facing a frightening, life-changing diagnosis.

Swings and Smiles (Reg. No: 1120598) Swings & Smiles was set up in 2007 to support children aged 0-18 with disabilities and their families. Their services include respite, family play sessions, youth clubs, sibling support, and outreach.

Trinity Winchester (Reg. No: 1074604) Based in Winchester, they provide practical and emotional support to local people experiencing the

effects of homelessness or vulnerability.