Our Deposit Accounts are designed for clubs, associations and community charities.

SUMMARY BOX – Key product information for Treasurers Deposit Account

What is the interest rate?

0.60% Gross/AER variable.

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

Gross interest is paid directly into your account on 31 March each year.

 

Can Scottish Building Society change the interest rate?

The interest rate is variable and may change as outlined in section 9 of the Savings Terms & Conditions. When the change is an increase in the interest rate, we will let you know by writing to you or by placing notices and leaflets in all our branches and updating our website. When the change is a reduction, we will write to you 14 days before the rate change.

 

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

If you open a Deposit Account and deposit £1,000, after 12 months the predicted balance would be £1,006.

The projection is for illustrative purposes and does not take into account your individual circumstances.

 

How do I open and manage the account?

The account is designed for clubs and associations. The account can be opened in branch or download an application form online. The minimum opening deposit is £1, up to a maximum of £500,000. You can make deposits into the account in branch (cash or cheque) or by post (cheques only).

 

Can I withdraw money?

You can make unlimited withdrawals in branch or by post without notice, penalty or charges.

 

Additional Information

Please read the Savings Terms & Conditions for general conditions which apply to this account.

SUMMARY BOX – Key product information for Company Deposit Account

What is the interest rate?

0.10% Gross/AER variable.

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

Gross interest is paid directly into your account on 31 March each year.

 

Can Scottish Building Society change the interest rate?

The interest rate is variable and may change as outlined in section 9 of the Savings Terms & Conditions. When the change is an increase in the interest rate, we will let you know by writing to you or by placing notices and leaflets in all our branches and updating our website. When the change is a reduction, we will write to you 14 days before the rate change.

 

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

If you open a Deposit Account and deposit £1,000, after 12 months the predicted balance would be £1,001.

The projection is for illustrative purposes and does not take into account your individual circumstances.

 

How do I open and manage the account?

The account is designed for corporate bodies and limited companies. The account can be opened in branch or download an application form online. The minimum opening deposit is £1, up to a maximum of £500,000. You can make deposits into the account in branch (cash or cheque) or by post (cheques only).

 

Can I withdraw money?

You can make unlimited withdrawals in branch or by post without notice, penalty or charges.

 

Additional Information

Please read the Savings Terms & Conditions for general conditions which apply to this account.

Contact your local branch to discuss if one of our Deposit Accounts is right for you. 

New Saver Enquiries

0345 600 0585

New Mortgage Enquiries

0345 600 4085

Existing Member Enquiries

To talk to us about an existing savings or mortgage account, contact your local office

Find your local office

Lines open 9-5 Mon to Fri (10-5 Wed). Calls may be recorded and/or monitored.

Financial Services Compensation Scheme

Your eligible deposits with Scottish Building Society are protected up to a total of £85,000 by the Financial Services Compensation Scheme, the UK's deposit guarantee scheme. Any deposits you could hold above the limit are unlikely to be covered. Please see below for further information.

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