Jumbo Regular Saver Account

The Hanley's Jumbo Regular Savings Account is specifically designed for our customers who wish to save a regular amount every month to help build a deposit for their first home.

Product Details

Account Ownership

 

Customers may only hold one account either individually or jointly.

Product Availability

 

This account can only be opened by visiting a Branch of The Hanley

Interest Rate

 

Fixed Rate of Interest of 7.47% fixed for 12 months from account opening. The account will then revert our standard Branch Regular Saver

Minimum Opening Balance

 

£25 (£50 if joint)

Maximum Balance

 

£500,000

Minimum Monthly Subscription

 

£25

Maximum Monthly Subscription

 

£250 (£500 if joint)

Additional Investments

 

You can make more than one subscription per month providing the maximum subscription of £250 (£500 if joint) is not exceeded.

Interest Paid

 

31st August

Interest Payment Options

 

Interest will be paid annually on 31st August and can be:
• Added to the account
• By BACS to your bank account

Withdrawal Restrictions

 

No partial withdrawals are allowed for the fixed term period, however, you may withdraw all of your investment subject to penalty equivalent to 90 days interest on the amount withdrawn. The penalty may be deducted from the capital of the account.

Account Operation

 

Direct Debit.
Branch Visit.
Internal Transfter from an existing Hanley Account..

Printer Friendly Details

  First Time Buyers Regular Saver.pdf

  
 
Hanley Savings
   
Jumbo Regular Saver Back
"We are going to use our First Time Buyer Regular Saver for our deposit" - Steph and Ross
   
   
   
   
Site Last Updated: 30 April 2008

The Hanley Economic Building Society is authorised and regulated by the Financial Services Authority
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Page: http://www.thehanley.co.uk/jumbo_regular_17.html