More in this section

Our business accounts are ideal if you are an organisation looking for a higher rate of interest than you would normally find with an easy access account and you don’t need access to your funds in the short term.

The Club Saver account is available to unincorporated entities such as Clubs, Societies, Associations and unincorporated Charities, and is subject to the following restrictions:

  • Organisation to be tax resident only in the UK
  • Organisation must be registered in the UK
  • All officers and trustees to be ordinarily resident for tax purposes in the UK

The Club Saver key features are:
  • Save from £1,000 up to £500,000*

  • Variable rate account offering a tiered rate of interest which increases with the amount saved

  • Add to your savings** by direct credit from your organisation’s bank account, by cheque or by cash (up to £2,000 per day at our Epsom branch)

  • Withdrawals available after 35 days’ notice without access charge and can be made by bank transfer, cheque or cash (at our Epsom branch)

  • Interest paid annually on 1 July.

* subject to the organisation's total holding with us not exceeding £500,000

** You can add to your savings by bank transfer, by cheque or by cash at our Epsom branch. To send additional savings directly from your bank account the banking details you’ll need can be found on the back of your new account Certificate.

The information provided is a summary of the key features of the account and is not intended to be a substitute for reading the Product Features leaflet and General Conditions for our Savings Accounts booklet.

Summary Box

Account Name

1st Issue Club Saver

What is the interest rate?

 Rate effective from 11 November 2017
 AnnualGross AER1
 £100,000+ 0.65%
 £50,000+ 0.60%
 £10,000+ 0.55%
 £1,000+ 0.50%
  • Interest rates are dependent on balance amount
  • Interest is calculated daily and paid annually on 1 July

Can National Counties Building Society change the interest rate?

Yes, the interest rate is variable and may be changed. Please refer to Section 14 of the General Conditions for our Savings Accounts booklet for more information on when we may make changes to the interest rate and how this will be communicated
 

What would the estimated balance be after 12 months?

 Opening balance Projected balance (Gross)
 £100,000 £100,650.00
 £50,000 £50,300.00
 £10,000 £10,055.00
 £1,000 £1,005.00
  • These projections assume that the account is opened with the stated amount with no additions or withdrawals made. Projected balance is at the end of 12 months
  • All projections are provided for illustrative purposes only and do not take into account individual circumstances
  • Actual interest may depend on the date the account is opened and the date that interest is paid
 

How do I open and manage my account?

  • The Club Saver is only available for unincorporated Clubs, Societies, Associations and unincorporated Charities. For full information on restrictions please see the ‘Applying for an account' section of the Product Features leaflet
  • The account can be applied for by post or at our Epsom branch
  • A minimum of £1,000 must be deposited
  • Additions are allowed but not required on a regular basis
  • A maximum of £500,000 may be held in the account, subject to the organisation’s total holding with us not exceeding £500,000
  • Instructions for the account can be made via branch and post
 Can I withdraw money?
  • Withdrawals are available after 35 days’ notice without access charge, and can be made by post or branch only. Withdrawals can be made by cheque, cash (at our Epsom branch), transfer to a pre-nominated bank account in the company’s name, or transfer to another account held with us. Minimum withdrawal is £100
  • Immediate withdrawals are not permitted
Please see the ‘Taking money out’ section of the Product Features leaflet for full information

Additional Information

TAX STATUS: Interest is paid gross. Your organisation is responsible for any tax payable to HM Revenue & Customs
 

This issue may be withdrawn at any time without prior notice.

1 AER stands for Annual Equivalent Rate and illustrates what the annual rate would be if interest was compounded.

All financial information correct on 11 November 2017.

If you have any further account opening queries please contact our New Savings Account Enquiry Team on 03300 243413

View our interest rates for business accounts     
Back