Savings

These days everyone’s looking for a safer place to save. We’ve got a range of accounts from instant access to children’s accounts specifically designed for customers who are looking for long term competitive savings backed by excellent customer service

Below you will find our current list of accounts which you can apply for today by downloading and completing an account application

Before opening an account with Hanley Economic please take a look at the financial services compensation scheme site for information about protection for savers

Please note all of our savings products are only available to UK residents

We’ve been keeping our customers’ money safe since 1854, so we really are a building society you can trust

Fixed Term Savings

Product Name Interest Type Interest Rate Opening Balance Maximum Balance Withdrawal Notice Withdrawal Restictions Account Operation Full Details
Fixed Rate Bond - Issue 180 Fixed 1.10% £1,000 £75,000 Yes Yes Branch & Post

 

Summary Box – Key Product Information
Account Name Fixed Rate Bond – Issue 180
What is the interest rate? Interest is fixed, calculated daily, compounded annually and is paid on maturity.

Fixed Rate Bond – 180 Current Rates
Annual Interest Rates effective from: 13/10/2020
Balance Gross AER
£1.00 and above 1.10% 1.10%
Can Hanley Economic Building Society change the interest rate? The interest on this account is fixed for the term of the Fixed Rate Bond and cannot be changed.
What would be the estimated balance be after 12 months on a £1,000 deposit? Based on the interest rate, if you deposited £1,000 in this account, on maturity you would have £1,023.14. This figure is for illustration purposes and is based on no additional deposits during the term of the bond. For illustrative purposes only and does not take into account individual circumstance.
How do I open and manage my account? To open an account you must be permanently resident in the UK. Simply call into your local branch, download and complete an application form from our website or contact us on 01782 255000 to request a savings pack. You will need to provide some identification when you open your account. Details can be obtained from your local branch or by calling 01782 255000. If you are already a Hanley Economic customer, in most cases, this will not be necessary.

The minimum balance is £1,000, the maximum balance is £75,000.

Additional deposits are allowed up to the maximum balance of £75,000 whilst the bond remains an open issue.

Can I withdraw money? This is a Fixed Rate account and fixed until maturity, there is no early access or early closure of this account permitted.

Funds will be available for transfer or withdrawal on 16 November 2022.

You will be contacted 14 days before maturity of this product to determine your ongoing requirements.

The balance plus interest must be withdrawn and you will be asked to choose whether you wish to:

– Transfer the balance to a new Fixed Rate Hanley savings account. (The follow on Fixed Rate Hanley savings account will be automatically opened for you. This is the default option unless you tell us differently.)

– Transfer the balance to an existing Hanley savings account.

– Open a new variable rate Hanley savings account and transfer the balance into the new account.

– Transfer to another bank/building society account.

Additional Information The treatment of your account for tax purposes will depend on your individual circumstances and you may need to pay tax on any interest that exceeds your Personal Savings Allowance. For more information please visit HM Revenue & Customs’ (HMRC) website http://www.hmrc.gov.uk/hmrc.gov.uk . The tax information provided is based on our understanding of current law and HMRC practice, both of which may change.

Only 1 bond per customer is permitted.

Customers will need to open the account with new funds, or by transfer from an existing Hanley account providing the transferred amount is matched with at least the equivalent of new funds; e.g. the minimum transfer of £500 must be matched by £500 of new money introduced to Hanley Economic

This product sheet should be read in conjunction with the following booklets:

‘The Small Print made big, Saving with Hanley Economic’.

‘Savings Product Guide’

Documents can be viewed online at thehanley.co.uk/savings or requested from any

branch of the Society.

Fixed Rate Bond - Issue 181 Fixed 1.25% £1,000 £75,000 Yes Yes Branch & Post

 

Summary Box – Key Product Information
Account Name Fixed Rate Bond – Issue 181
What is the interest rate? Interest is fixed, calculated daily, compounded annually and is paid on maturity.

Fixed Rate Bond – 181 Current Rates
Annual Interest Rates effective from: 13/10/2020
Balance Gross AER
£1.00 and above 1.25% 1.25%
Can Hanley Economic Building Society change the interest rate? The interest on this account is fixed for the term of the Fixed Rate Bond and cannot be changed.
What would be the estimated balance be after 12 months on a £1,000 deposit? Based on the interest rate, if you deposited £1,000 in this account, on maturity you would have £1,039.11 . This figure is for illustration purposes and is based on no additional deposits during the term of the bond. For illustrative purposes only and does not take into account individual circumstance.
How do I open and manage my account? To open an account you must be permanently resident in the UK. Simply call into your local branch, download and complete an application form from our website or contact us on 01782 255000 to request a savings pack. You will need to provide some identification when you open your account. Details can be obtained from your local branch or by calling 01782 255000. If you are already a Hanley Economic customer, in most cases, this will not be necessary.

The minimum balance is £1,000, the maximum balance is £75,000.

Additional deposits are allowed up to the maximum balance of £75,000 whilst the bond remains an open issue.

Can I withdraw money? This is a Fixed Rate account and fixed until maturity, there is no early access or early closure of this account permitted.

Funds will be available for transfer or withdrawal on 15 November 2023.

You will be contacted 14 days before maturity of this product to determine your ongoing requirements.

The balance plus interest must be withdrawn and you will be asked to choose whether you wish to:

– Transfer the balance to a new Fixed Rate Hanley savings account. (The follow on Fixed Rate Hanley savings account will be automatically opened for you. This is the default option unless you tell us differently.)

– Transfer the balance to an existing Hanley savings account.

– Open a new variable rate Hanley savings account and transfer the balance into the new account.

– Transfer to another bank/building society account.

Additional Information The treatment of your account for tax purposes will depend on your individual circumstances and you may need to pay tax on any interest that exceeds your Personal Savings Allowance. For more information please visit HM Revenue & Customs’ (HMRC) website http://www.hmrc.gov.uk/hmrc.gov.uk . The tax information provided is based on our understanding of current law and HMRC practice, both of which may change.

Only 1 bond per customer is permitted.

Customers will need to open the account with new funds, or by transfer from an existing Hanley account providing the transferred amount is matched with at least the equivalent of new funds; e.g. the minimum transfer of £500 must be matched by £500 of new money introduced to Hanley Economic

This product sheet should be read in conjunction with the following booklets:

‘The Small Print made big, Saving with Hanley Economic’.

‘Savings Product Guide’

Documents can be viewed online at thehanley.co.uk/savings or requested from any

branch of the Society.

Variable Rate Savings

Product Name Interest Type Interest Rate(s) Opening Balance Maximum Balance Withdrawal Notice Withdrawal Restictions Account Operation Full Details
Instant Access Variable 0.01% to 0.30% £100 £50,000 No No Branch & Post
Summary Box – Key Product Information
Account Name Instant Access
What is the interest rate? Interest is variable, calculated on a daily basis and is paid annually on 31 August

 

Instant Access Current Rates
Annual Interest Rates effective from: 01/05/2020
Balance Gross AER
£100,000.00 and above 0.30% 0.30%
£50,000.00 to £99,999.99 0.20% 0.20%
£25,000.00 to £49,999.99 0.15% 0.15%
£10,000.00 to £24,999.99 0.10% 0.10%
£100.00 to £9,999.99 0.05% 0.05%
£1.00 to £99.99 0.01% 0.01%

 

Can Hanley Economic Building Society change the interest rate? As the interest rate is variable, we may change the rate if we reasonably believe that the change is needed. If we reduce the interest on your account, we will write to you 14 days before we make the change. For full details on how and why we will change the interest rate on your account, please refer to Section 7 of the Small Print Made Big – Saving with Hanley Economic Account Terms and Conditions
What would be the estimated balance be after 12 months on a £1,000 deposit? Based on the current interest rate, if you deposited £1,000 in this account, after 12 months you would have £1,000.50. This figure is for illustration purposes and is based on no additional deposits, withdrawals or changes in interest rates within the 12 month period
How do I open and manage my account? To open an account you must be permanently resident in the UK. Simply call into your local branch, download and complete an application form or contact us on 01782 255000 to request a savings pack. You will need to provide some identification when you open your account, details of our requirements can be obtained here, or from your local branch or by calling 01782 255000. If you are already a Hanley customer, in most cases, this will not be necessary.

When you open your account you will receive a passbook

Minimum investment is £100 – maximum investment £50,000 or £100,000 if held jointly. You can add to your account at any time subject to the maximum investment limit

Once the account has been opened it can be managed either in branch and/or via the post

Can I withdraw money? You can withdraw without notice or penalty up to £500 in cash and £70,000 by cheque on demand from our branches or by sending us your written instructions. Larger cash sums up to £5,000 are available by giving at least 24 hours notice. Cheque withdrawals over £70,000 can be obtained from our Registered Office. Following any withdrawals £1 should remain in the account
Potteries Prize Saver Variable 0.25% £100 £50,000 No Yes Branch Only
Summary Box – Key Product Information
Account Name Potteries Prize Saver
What is the interest rate? Interest is variable, calculated on a daily basis and is paid annually on 31 August

Potteries Prize Saver Current Rates
Annual Interest Rates effective from: 01/05/2020
Balance Gross AER
£1.00 and above 0.25% 0.25%
Can Hanley Economic Building Society change the interest rate? As the interest rate is variable, we may change the rate if we reasonably believe that the change is needed. If we reduce the interest on your account, we will write to you 14 days before we make the change. For full details on how and why we will change the interest rate on your account, please refer to Section 7 of the Small Print Made Big – Saving with Hanley Economic Account Terms and Conditions
What would be the estimated balance be after 12 months on a £1,000 deposit? Based on the current interest rate, if you deposited £1,000.00 in this account, after 12 months you would have £1,002.50. This figure is for illustration purposes and is based on no additional deposits, withdrawals or changes in interest rates within the 12 month period
How do I open and manage my account? To open an account you must be permanently resident in the UK. Simply call into your local branch of the Society. You will need to provide some identification when you open your account, details of our requirements can be obtained here, or from your local branch or by calling 01782 255000. If you are already a Hanley customer, in most cases, this will not be necessary

When you open your account you will receive a passbook

You can open the account with a minimum investment is £100 – maximum investment £50,000 whether held in single or joint names

Once the account has been opened it can be managed either in branch and/or via the post

The account can be opened with existing Hanley funds’ providing the transferred amount is matched with at least the equivalent of new funds e.g the minimum transfer of £50 must be matched by £50 of new money introduced to Hanley Economic. Once the account is open no additional existing Hanley funds can be added to the account

Can I withdraw money? The account allows up to 4 penalty free withdrawals per society year (1 September – 31 August). All other withdrawals are subject to 30 days loss of interest on the amount withdrawn
Account Conditions The account is strictly limited issue and may be withdrawn at any time without notice

The Society, after giving you 30 days notice of our intention to do so, reserves the right to transfer the account to an Instant Access Account

Prize Entry Terms & Conditions The account balance must reach £5,000 on the last day of the month to gain entry into the following months draw. For every multiple of £5,000 saved one prize draw entry will be given e.g balances as at 31 December £15,250 would equate to 3 entries into January’s draw

Minimum age 18

The monthly winner will be selected by random using a random number generator on the first working day of each month

£500 prize money will be credited to the winning account on the same day as the draw

The winner agrees to their title, name and area ie Mrs Smith of Longton being published

This account is not available to Hanley Economic employees

The account cannot be held in trust or by corporate customers

Winners will be notified either by phone, email or post within 7 days of the draw

The first draw will take place in January 2020

Branch Regular Saver Variable 0.60% £20 £50,000 No Yes Branch & Post
Summary Box – Key Product Information
Account Name Branch Regular Saver
What is the interest rate? Interest is variable, calculated on a daily basis and is paid annually on 31 August

Branch Regular Saver Current Rates
Annual Interest Rates effective from: 01/05/2020
Balance Gross AER
£1.00 and above 0.60% 0.60%
Can Hanley Economic Building Society change the interest rate? As the interest rate is variable, we may change the rate if we reasonably believe that the change is needed. If we reduce the interest on your account, we will write to you 14 days before we make the change. For full details on how and why we will change the interest rate on your account, please refer to Section 7 of the Small Print Made Big – Saving with Hanley Economic Account Terms and Conditions
What would be the estimated balance be after 12 months on a £1,000 deposit? Based on the current interest rate, if you deposited £1,000 in this account, after 12 months you would have £1,006.00. This figure is for illustration purposes and is based on no additional deposits, withdrawals or changes in interest rates within the 12 month period
How do I open and manage my account? To open an account you must be permanently resident in the UK. Simply call into your local branch, download and complete an application form or contact us on 01782 255000 to request a savings pack. You will need to provide some identification when you open your account, details of our requirements can be obtained here, or from your local branch or by calling 01782 255000. If you are already a Hanley customer, in most cases, this will not be necessary

When you open your account you will receive a passbook

You can open the account with a minimum investment is £20 – maximum investment £500 or £1,000 if held jointly. A subscription of between £20 and £500 (£1,000 if held jointly) should be received each calendar month and you can vary the amount you wish to save.

You can make more than one subscription per month providing the maximum subscription is not exceeded. You can make subscriptions by one, or a combination of, the following ways:

• Branch visit
• Direct Debit
• Post
• Internal transfer from an existing Hanley account

If no subscriptions are made for 3 consecutive months or if 3 or more monthly subscriptions are missed throughout the Society year (1 September – 31 August) the Society, after giving you 30 days notice of our intention to do so, reserves the right to close the account and either return the balance or transfer it to an Instant Access Account

Once the account has been opened it can be managed either in branch and/or via the post

Can I withdraw money? You can withdraw 5 times without penalty per Society year (1 September – 31 August). All other withdrawals are subject to 30 days loss of interest on the amount withdrawn. You can withdraw up to £500 in cash and £70,000 by cheque on demand from our branches or by sending us your written instructions. Larger cash sums up to £5,000 are available by giving at least 24 hours notice. Cheque withdrawals over £70,000 can be obtained
from our Registered Office. Following any withdrawals £20 should remain in the account
Branch Saver Tracker 0.10% £1,000 £50,000 No Yes Branch & Post
Summary Box – Key Product Information
Account Name Branch Saver
What is the interest rate? Interest is variable and tracks the Bank of England’s Base Rate, calculated on a daily basis and is paid annually on 31 August

Branch Saver Current Rates
Annual Interest Rates effective from: 01/04/2020
Balance Gross AER
£1,000.00 and above 0.10% 0.10%
Can Hanley Economic Building Society change the interest rate? As the interest rate tracks the Bank of England base rate we will change the interest rate in accordance with any change in the Bank of England base rate with effect from the 1st of the following month. If the interest rate reduces on your account, we will write to you 14 days before we make the change. For full details on how and why we will change the interest rate on your account, please refer to Section 7 of the Small Print Made Big – Saving with Hanley Economic Account Terms and Conditions
What would be the estimated balance be after 12 months on a £1,000 deposit? Based on the current interest rate, if you deposited £1,000 in this account, after 12 months you would have £1,001.00. This figure is for illustration purposes and is based on no additional deposits, withdrawals or changes in interest rates within the 12 month period.
How do I open and manage my account? To open an account you must be permanently resident in the UK. Simply call into your local branch, download and complete an application form or contact us on 01782 255000 to request a savings pack. You will need to provide some identification when you open your account, details of our requirements can be obtained here, or from your local branch or by calling 01782 255000. If you are already a Hanley customer, in most cases, this will not be necessary

When you open your account you will receive a passbook

Minimum investment is £1,000 – maximum investment £50,000 or £100,000 if held jointly. You can add to your account at any time subject to the maximum investment limit

Once the account has been opened it can be managed either in branch and/or via the post

Can I withdraw money? You can withdraw money once a month without notice or penalty up to £500 in cash and £70,000 by cheque on demand from our branches or by sending us your written instructions. You can withdraw money once a month penalty free, every withdrawal after that per month incurs a penalty of 30 days loss of interest. Larger cash sums up to £5,000 are available by giving at least 24 hours notice. Cheque withdrawals over £70,000 can be obtained from our Registered Office. Following any withdrawals £1,000 should remain in the account
Local Charity Saver Variable 0.01% to 0.30% £100 £50,000 No No Branch & Post
Summary Box – Key Product Information
Account Name Local Charity Saver
What is the interest rate? Interest is variable, calculated on a daily basis and is paid annually on 31 August

Local Charity Saver Current Rates
Annual Interest Rates effective from: 01/05/2020
Balance Gross AER
£100,000.00 and above 0.30% 0.30%
£50,000.00 to £99,999.99 0.20% 0.20%
£25,000.00 to £49,999.99 0.15% 0.15%
£10,000.00 to £24,999.99 0.10% 0.10%
£100.00 to £9,999.99 0.05% 0.05%
£1.00 to £99.99 0.01% 0.01%
Donation The Society will make a donation to our four partner charities equivalent to 0.25% of your average yearly balance
Can Hanley Economic Building Society change the interest rate? As the interest rate is variable, we may change the rate if we reasonably believe that the change is needed. If we reduce the interest on your account, we will write to you 14 days before we make the change. For full details on how and why we will change the interest rate on your account, please refer to Section 7 of the Small Print Made Big – Saving with Hanley Economic Account Terms and Conditions
What would be the estimated balance be after 12 months on a £1,000 deposit? Based on the current interest rate, if you deposited £1,000 in this account, after 12 months you would have £1,000.50. This figure is for illustration purposes and is based on no additional deposits, withdrawals or changes in interest rates within the 12 month period
How do I open and manage my account? To open an account you must be permanently resident in the UK. Simply call into your local branch, download and complete an application form or contact us on 01782 255000 to request a savings pack. You will need to provide some identification when you open your account, details of our requirements can be obtained here, or from your local branch or by calling 01782 255000. If you are already a Hanley customer, in most cases, this will not be necessary

When you open your account you will receive a passbook

Minimum investment is £100 – maximum investment £50,000 or £100,000 if held jointly. You can add to your account at any time subject to the maximum investment limit

Once the account has been opened it can be managed either in branch and/or via the post

Can I withdraw money? You can withdraw without notice or penalty up to £500 in cash and £70,000 by cheque on demand from our branches or by sending us your written instructions. Larger cash sums up to £5,000 are available by giving at least 24 hours notice. Cheque withdrawals over £70,000 can be obtained from our Registered Office. Following any withdrawals £1 should remain in the account
Home Deposit Saver Variable 2.45% £100 £50,000 No Yes Branch & Post
Summary Box – Key Product Information
Account Name Home Deposit Saver

Account holders must live within 25 miles of the Society’s Head Office, postcode region ST1 5TB.

What is the interest rate? Interest is variable, calculated on a daily basis and is paid annually on 31 August

Home Deposit Saver Current Rates
Annual Interest Rates effective from: 01/05/2020
Balance Gross AER
£100 and above 2.45% 2.45%
Can Hanley Economic Building Society change the interest rate? As the interest rate is variable, we may change the rate if we reasonably believe that the change is needed. If we reduce the interest on your account, we will write to you 14 days before we make the change. For full details on how and why we will change the interest rate on your account, please refer to Section 7 of the Small Print Made Big – Saving with Hanley Economic Account Terms and Conditions
What would be the estimated balance be after 12 months on a £1,000 deposit? Based on the current interest rate, if you deposited £1,000 in this account, after 12 months you would have £1,024.50. This figure is for illustration purposes and is based on no additional deposits, withdrawals or changes in interest rates within the 12 month period
How do I open and manage my account? To open an account you must be permanently resident in the UK. The account can be opened in person by visiting one of our branches or via post. It is only available to customers who are saving for a deposit on a home. You will need to provide some identification when you open your account, details of our requirements can be obtained here, or from your local branch or by calling 01782 255000. If you are already a Hanley customer, in most cases, this will not be necessary.

When you open your account you will receive a passbook

Minimum investment is £100 – maximum investment £33,000 or £51,000 if held jointly. Further subscriptions of between £100 and £500 per month (up to £1,000 if held in joint names) must be received each month. However, additional subscriptions or a one-off subscription of up to £5,000 can be made each Society year (1 September – 31 August)

Once the account has been opened it can be managed either in branch and/or via the post

You will only be able to save into your Home Deposit Saver account for a maximum term of 3 years (36 months). You cannot open another Home Deposit Saver account after this period

Can I withdraw money? Instant access is permitted penalty free providing the funds are withdrawn for a house deposit linked to a mortgage with Hanley Economic. No partial withdrawals are permitted for any other reason. A penalty equivalent to 180 days loss of interest will be applied if the funds be withdrawn for any other reason than for a house deposit .If no subscriptions are received for 3 consecutive months or if 3 or more subscriptions are missed throughout the Society year (1 September – 31 August) then the Society after giving you 30 days notice of our intention to do so, reserves the right to close the account or to transfer the account balance to an Instant Access Savings Account
Additional Information Once you have saved your deposit you will have access to any of our mortgage range free of fees. Free of fees means you will not be liable for a Valuation fee up to a property value of £250000, an arrangement fee or a booking fee. You will still be required to pay any Legal and Chaps fees

 

Account holders must live within 25 miles of the Society’s Head Office, postcode region ST1 5TB.To qualify for the free fees the account needs to have been open for a minimum term of 6 months at the time of the mortgage completing.

Notice 30 Variable 0.10% to 0.60% £100 £50,000 Yes Yes Branch & Post
Summary Box – Key Product Information
Account Name Notice 30
What is the interest rate? Interest is variable, calculated on a daily basis and is paid annually on 31 August
If you have £10,000 or more to invest you can choose to have the interest paid monthly to another bank,building society or another Hanley savings account

Notice 30 Current Rates
Annual Interest Rates effective from: 01/05/2020
Balance Gross AER
£200,000.00 and above 0.60% 0.60%
£100,000.00 to £199,999.99 0.50% 0.50%
£50,000.00 to £99,999.99 0.35% 0.35%
£25,000.00 to £49,999.99 0.20% 0.20%
£10,000.00 to £24,999.99 0.15% 0.15%
£1.00 to £9,999.99 0.10% 0.10%

 

Notice 30 Monthly Current Rates
Monthly Interest Rates effective from: 01/05/2020
Balance Gross AER
£200,000.00 and above 0.60% 0.60%
£100,000.00 to £199,999.99 0.50% 0.50%
£50,000.00 to £99,999.99 0.35% 0.35%
£25,000.00 to £49,999.99 0.20% 0.20%
£10,000.00 to £24,999.99 0.15% 0.15%
£1.00 to £9,999.99 0.10% 0.10%
Can Hanley Economic Building Society change the interest rate? As the interest rate is variable, we may change the rate if we reasonably believe that the change is needed. If we reduce the interest on your account, we will write to you 14 days before we make the change. For full details on how and why we will change the interest rate on your account, please refer to Section 7 of the Small Print Made Big – Saving with Hanley Economic Account Terms and Conditions
What would be the estimated balance be after 12 months on a £1,000 deposit? Based on the current interest rate, if you deposited £1,000 in this account, after 12 months you would have £1,001.00. This figure is for illustration purposes and is based on no additional deposits, withdrawals or changes in interest rates within the 12 month period
How do I open and manage my account? To open an account you must be permanently resident in the UK. Simply call into your local branch, download and complete an application form or contact us on 01782 255000 to request a savings pack. You will need to provide some identification when you open your account, details of our requirements can be obtained here, or from your local branch or by calling 01782 255000. If you are already a Hanley customer, in most cases, this will not be necessary

When you open your account you will receive a passbook

Minimum investment is £100 – maximum investment £50,000 or £100,000 if held jointly. You can add to your account at any time subject to the maximum investment limit

Once the account has been opened it can be managed either in branch and/or via the post

Can I withdraw money? This account offers instant access providing the balance remains at £25,000 or above. 30 days loss of interest on the amount withdrawn or 30 days notice will be required if the account balance falls below £25,000. You can withdraw up to £500 in cash and £70,000 by cheque on demand from our branches or by sending us your written instructions. Larger cash sums up to £5,000 are available by giving at least 24 hours notice. Cheque withdrawals over £70,000 can be obtained from our Registered Office. Following any withdrawals £100 should remain in the account.
Notice 90 Variable 0.35% to 0.95% £100 £50,000 Yes Yes Branch & Post
Summary Box – Key Product Information
Account Name Notice 90
What is the interest rate? Interest is variable, calculated on a daily basis and is paid annually on 31 August
If you have £10,000 or more to invest you can choose to have the interest paid monthly to another bank,building society or another Hanley savings account

Notice 90 Current Rates
Annual Interest Rates effective from: 01/05/2020
Balance Gross AER
£100,000.00 and above 0.95% 0.95%
£50,000.00 to £99,999.99 0.65% 0.65%
£25,000.00 to £49,999.99 0.55% 0.55%
£1.00 to £24,999.99 0.35% 0.35%

 

Notice 90 Monthly Current Rates
Monthly Interest Rates effective from: 01/05/2020
Balance Gross AER
£100,000.00 and above 0.95% 0.95%
£50,000.00 to £99,999.99 0.65% 0.65%
£25,000.00 to £49,999.99 0.55% 0.55%
£1.00 to £24,999.99 0.35% 0.35%
Can Hanley Economic Building Society change the interest rate? As the interest rate is variable, we may change the rate if we reasonably believe that the change is needed. If we reduce the interest on your account, we will write to you 14 days before we make the change. For full details on how and why we will change the interest rate on your account, please refer to Section 7 of the Small Print Made Big – Saving with Hanley Economic Account Terms and Conditions
What would be the estimated balance be after 12 months on a £1,000 deposit? Based on the current interest rate, if you deposited £1,000 in this account, after 12 months you would have £1,003.50. This figure is for illustration purposes and is based on no additional deposits, withdrawals or changes in interest rates within the 12 month period
How do I open and manage my account? To open an account you must be permanently resident in the UK. Simply call into your local branch, download and complete an application form or contact us on 01782 255000 to request a savings pack. You will need to provide some identification when you open your account, details of our requirements can be obtained here, or from your local branch or by calling 01782 255000. If you are already a Hanley customer, in most cases, this will not be necessary

When you open your account you will receive a passbook

Minimum investment is £100 – maximum investment £50,000 or £100,000 if held jointly. You can add to your account at any time subject to the maximum investment limit

Once the account has been opened it can be managed either in branch and/or via the post

Can I withdraw money? Make a withdrawal on demand and lose 90 days interest on the amount withdrawn or provide us with 90 days notice (written or verbal) and make your withdrawal without losing any interest. You can withdraw up to £500 in cash and £70,000 by cheque on demand from our branches or by ending us your written instructions. Larger cash sums up to £5,000 are available by giving at least 24 hours notice. Cheque withdrawals over £70,000 can be obtained from our Registered Office. Following any withdrawals £100 should remain in the account.
Young Savers Variable 0.55% £10 £50,000 No No Branch & Post
Summary Box – Key Product Information
Account Name Young Savers
What is the interest rate? Interest is variable, calculated on a daily basis and is paid annually on 31 August

Young Savers Current Rates
Annual Interest Rates effective from: 01/05/2020
Balance Gross AER
£10.00 and above 0.55% 0.55%
Can Hanley Economic Building Society change the interest rate? As the interest rate is variable, we may change the rate if we reasonably believe that the change is needed. If we reduce the interest on your account, we will write to you 14 days before we make the change. For full details on how and why we will change the interest rate on your account, please refer to Section 7 of the Small Print Made Big – Saving with Hanley Economic Account Terms and Conditions
What would be the estimated balance be after 12 months on a £1,000 deposit? Based on the current interest rate, if you deposited £1,000 in this account, after 12 months you would have £1,005.50. This figure is for illustration purposes and is based on no additional deposits, withdrawals or changes in interest rates within the 12 month period
How do I open and manage my account? To open an account you must be permanently resident in the UK. If you are aged 7 years or above you can open and operate the account in your sole name. Alternatively, a parent, guardian or relative who,as trustee, will operate the account on your behalf. 17 is the maximum age you can be to open an account. To open an account simply call into your local branch, download and complete an application form or contact us on 01782 255000 to request a savings pack. You will need to provide some identification when you open your account, details of our requirements can be obtained here, or from your local branch or by calling 01782 255000. If you are already a Hanley customer, in most cases, this will not be necessary

When you open your account you will receive a passbook

Minimum investment is £10 – maximum investment £50,000. You can add to your account at any time subject to the maximum investment limit

Once the account has been opened it can be managed either in branch and/or via the post

Can I withdraw money? You can withdraw without notice or penalty up to £500 in cash and £70,000 by cheque on demand from our branches or by sending us your written instructions. Larger cash sums up to £5,000 are available by giving at least 24 hours notice. Cheque withdrawals over £70,000 can be obtained from our Registered Office. Following any withdrawals £10 should remain in the account
3 Year Variable Bank of England Base Rate Tracker Variable 0.70% to 0.90% £1,000 £100,000 No Yes Branch
Summary Box – Key Product Information
Account Name 3 Year Variable Bank of England Base Rate Tracker
What is the interest rate? Interest is variable, calculated daily and compounded annually. Interest is paid annually on 14 September and on maturity. This account matures on 14 September 2023.

BoE Base Rate Tracker Current Rates
Annual Interest Rates effective from: 14/09/2020
Year Rate
Year 1

Year 2

Year 3

0.70%

0.80%

0.90%

Can Hanley Economic Building Society change the interest rate? This account is variable and tracks the Bank of England Base Rate. It will change on the 1st of the following month after any Bank of England Base Rate change.
What would be the estimated balance be after 12 months on a £1,000 deposit? Based on the current interest rate, if you deposited £1,000 in this account, after 12 months you would have £1,008.00. On maturity, the balance would be £1,027.24. This figure is for illustration purposes and is based on no additional deposits or withdrawals.
How do I open and manage my account? This account can only be opened and managed in branch. Simply call into your local branch or download and complete an application form. To open an account you must be permanently resident in the U.K. When you open an account you will receive a passbook. Minimum investment is £1,000 – maximum investment is £100,000.
Can I withdraw money? You are allowed to make up to three withdrawals per year (for example 15th September 2020 to 14th September 2021). Maximum withdrawal amount £1,000. There is a penalty of 270 days interest if you make any additional withdrawals. No early closure is allowed.

You will be contacted 14 days before maturity of this product. The balance plus interest must be withdrawn and you will be asked to choose whether you wish to :

  • Transfer the balance to a Branch Saver account (This is the default option unless you tell us differently.)
  • Transfer the balance to an existing Hanley savings account.
  • Open a new variable rate Hanley savings account and transfer the balance into the new account.
  • Transfer to another bank/building society account.
Additional Information The treatment of your account for tax purposes will depend on your individual circumstances and you may need to pay tax on any interest that exceeds your Personal Savings Allowance. For more information please visit HM Revenue & Customs’ (HMRC) website http://www.hmrc.gov.uk/hmrc.gov.uk . The tax information provided is based on our understanding of current law and HMRC practice, both of which may change.
Once you have opened your account you will have 14 days to notify us that you wish to change your mind and the account will be closed with no loss of interest to you.
The account can be opened with existing Hanley funds providing the transferred amount is matched with at least the equivalent of new funds e.g. the minimum transfer of £50 must be matched by £50 of new money introduced to Hanley Economic. Once the account is open, no additional existing Hanley Economic funds can be added to the account.
This product sheet should be read in conjunction with the following booklets:
‘The Small Print made big, Saving with Hanley Economic’, ‘Savings Product Guide’
Documents can be viewed online at thehanley.co.uk/savings or requested from any branch of the Society.

Tax Free Savings

Product Name Interest Type Interest Rate(s) Opening Balance Maximum Balance Withdrawal Notice Withdrawal Restictions Account Operation Full Details
Cash ISA Instant Access Variable 0.05% to 0.25% £100 £100,000 No No Branch & Post
Summary Box – Key Product Information
Account Name Cash ISA Instant Access
What is the interest rate? Interest is variable, calculated on a daily basis and is paid annually on 5 April

Cash ISA Instant Access Current Rates
Annual Interest Rates effective from: 01/05/2020
Balance Gross AER
£3,000.00 and above 0.25% 0.25%
£1.00 to £2,999.99 0.05% 0.05%
Can Hanley Economic Building Society change the interest rate? As the interest rate is variable, we may change the rate if we reasonably believe that the change is needed. If we reduce the interest on your account, we will write to you 14 days before we make the change. For full details on how and why we will change the interest rate on your account, please refer to Section 7 of the Small Print Made Big – Saving with Hanley Economic Account Terms and Conditions
What would be the estimated balance be after 12 months on a £1,000 deposit? Based on the current interest rate, if you deposited £1,000 in this account, after 12 months you would have £1,000.50. This figure is for illustration purposes and is based on no additional deposits, withdrawals or changes in interest rates within the 12 month period
How do I open and manage my account? To open an account you must be permanently resident in the UK. Simply call into your local branch, download and complete an application form or contact us on 01782 255000 to request a savings pack. You will need to provide some identification when you open your account, details of our requirements can be obtained here, or from your local branch or by calling 01782 255000. If you are already a Hanley customer, in most cases, this will not be necessary

When you open your account you will receive a passbook

You can open the account with a minimum investment of £100 to the maximum current ISA allowance. For the current ISA allowance please contact us on 01782 255000 or visit HMRC

You can add to your account at any time subject to the maximum investment limit

Once the account has been opened it can be managed either in branch and/or via the post

Can I withdraw money? You can withdraw without notice or penalty up to £500 in cash and £70,000 by cheque on demand from our branches or by sending us your written instructions. Larger cash sums up to £5,000 are available by giving at least 24 hours notice. Cheque withdrawals over £70,000 can be obtained from our Registered Office. Following any withdrawals £100 should remain in the account
Is this ISA Flexible? Yes, from 6 April 2017 all of our variable cash ISA’s are flexible This means you can take money out and replace it later, without it counting any further towards your annual ISA allowance – as long as you pay the money back in before the end of the same tax year.
Cash ISA Regular Saver Variable 0.75% £20 £100,000 No Yes Branch & Post
Summary Box – Key Product Information
Account Name Cash ISA Regular Saver
What is the interest rate? Interest is variable, calculated on a daily basis and is paid annually on 5 April

Cash ISA Regular Saver Current Rates
Annual Interest Rates effective from: 01/05/2020
Balance Gross AER
£20.00 and above 0.75% 0.75%
Can Hanley Economic Building Society change the interest rate? As the interest rate is variable, we may change the rate if we reasonably believe that the change is needed. If we reduce the interest on your account, we will write to you 14 days before we make the change. For full details on how and why we will change the interest rate on your account, please refer to Section 7 of the Small Print Made Big – Saving with Hanley Economic Account Terms and Conditions
What would be the estimated balance be after 12 months on a £1,000 deposit? Based on the current interest rate, if you deposited £1,000 in this account, after 12 months you would have £1,007.50. This figure is for illustration purposes and is based on no additional deposits, withdrawals or changes in interest rates within the 12 month period
How do I open and manage my account To open an account you must be permanently resident in the UK. Simply call into your local branch, download and complete an application form or contact us on 01782 255000 to request a savings pack. You will need to provide some identification when you open your account, details of our requirements can be obtained here, or from your local branch or by calling 01782 255000. If you are already a Hanley customer, in most cases, this will not be necessary

When you open your account you will receive a passbook

You can open the account with a minimum investment of £20 – maximum investment 1/12 of the annual current ISA allowance. For the current ISA allowance please contact us on 01782 255000 or visit HMRC

A subscription of between £20 and 1/12 of the current annual ISA allowance should be received each calendar month and you can vary the amount you wish to save. You can make more than one subscription per month providing the maximum subscription is not exceeded. You can make subscriptions by one, or a combination of, the following ways:

• Branch visit
• Direct Debit
• Post
• Internal transfer from an existing Hanley account

 

If no subscriptions are made for 3 consecutive months or if 3 or more monthly subscriptions are missed throughout the tax year (6 April – 5 April) the Society, after giving you 30 days notice of our intention to do so, reserves the right to close the account and transfer it to an Instant Access Cash ISA Account. By 15 March, if you have not fully subscribed to your Regular Saver Cash ISA, an additional subscription may be made up to the current ISA limit. We do not accept transfers into the Regular Saver Cash ISA from a Cash ISA operated by another ISA Manager.

Once the account has been opened it can be managed either in branch and/or via the post

Can I withdraw money? You can withdraw once tax year (6 April – 5 April) without penalty. All other withdrawals are subject to 30 days loss of interest on the amount withdrawn. You can withdraw up to £500 in cash and £70,000 by cheque on demand from our branches or by sending us your written instructions. Larger cash sums up to £5,000 are available by giving at least 24 hours notice. Cheque withdrawals over £70,000 can be obtained from our registered Office. Following any withdrawals £20 should remain in the account.
Is this ISA Flexible? Yes, from 6 April 2017 all of our variable Cash ISA’s are flexible This means you can take money out and replace it later, without it counting any further towards your annual ISA allowance – as long as you pay the money back in before the end of the same tax year.
Junior ISA Variable 1.55% £10 £100,000 No Yes Branch & Post
Summary Box – Key Product Information
Account Name Junior ISA
What is the interest rate? Interest is variable, calculated on a daily basis and is paid annually on 5 April.

Junior ISA Current Rates
Annual Interest Rates effective from: 01/05/2020
Balance Gross AER
£10.00 and above 1.55% 1.55%
Can Hanley Economic Building Society change the interest rate? As the interest rate is variable, we may change the rate if we reasonably believe that the change is needed. If we reduce the interest on your account, we will write to you 14 days before we make the change. For full details on how and why we will change the interest rate on your account, please refer to Section 7 of the Small Print Made Big – Saving with Hanley Economic Account Terms and Conditions
What would be the estimated balance be after 12 months on a £1,000 deposit? Based on the current interest rate, if you deposited £1,000 in this account, after 12 months you would have £1,015.50. This figure is for illustration purposes and is based on no additional deposits, withdrawals or changes in interest rates within the 12 month period
How do I open and manage my account? To open an account you must be permanently resident in the UK. Simply call into your local branch, download and complete an application form or contact us on 01782 255000 to request a savings pack. You will need to provide some identification when you open your account, details of our requirements can be obtained here, or from your local branch or by calling 01782 255000. If you are already a Hanley customer, in most cases, this will not be necessary

When you open your account you will receive a passbook

Minimum investment is £10 – maximum current JISA allowance which is accessible via the HMRC website. You can add to your account at any time subject to the maximum current JISA limit. Once the account has been opened it can be managed either in branch and/or via the post

Can I withdraw money? Money paid into the JISA is an irrevocable gift to the child. The child can only withdraw money on or after their 18th birthday

Corporate Savings

Product Name Interest Type Interest Rate(s) Opening Balance Maximum Balance Withdrawal Notice Withdrawal Restictions Account Operation Full Details
Corporate Saver Variable 0.10% to 0.35% £1,000 £250,000 No No Branch & Post
Summary Box – Key Product Information
Account Name Corporate Saver
What is the interest rate? Interest is variable, calculated on a daily basis and is paid annually on 31 August

Corporate Saver Current Rates
Annual Interest Rates effective from: 01/05/2020
Balance Gross AER
£100,000 and above 0.35% 0.35%
£50,000 and £99,999.99 0.15% 0.15%
£1.00 to £50,000 0.10% 0.10%
Can Hanley Economic Building Society change the interest rate? As the interest rate is variable, we may change the rate if we reasonably believe that the change is needed. If we reduce the interest on your account, we will write to you 14 days before we make the change. For full details on how and why we will change the interest rate on your account, please refer to Section 7 of the Small Print Made Big – Saving with Hanley Economic Account Terms and Conditions
What would be the estimated balance be after 12 months on a £1,000 deposit? Based on the current interest rate, if you deposited £1,000 in this account, after 12 months you would have £1,001.00. This figure is for illustration purposes and is based on no additional deposits, withdrawals or changes in interest rates within the 12 month period
How do I open and manage my account? You must be a Limited Company, Professional Partnership, Registered Charity or Pension Fund

We require a copy of your Minutes of the Meeting where it was decided to invest funds in the Corporate Savings Account, the names of those appointed to operate the account and their positions

To comply with Money Laundering Regulations we will require verification of your organisation. We are also required to verify the identity of each individual appointed to operate the account. In many cases this can be carried out electronically, but in certain circumstances this may not be possible and we may contact you to request documents to verify their name and residential address

Simply call into your local branch, download and complete an application form or contact us on 01782 255000 to request a savings pack. You will need to provide some identification when you open your account, details of our requirements can be obtained here, or from your local branch or by calling 01782 255000. If you are already a Hanley customer, in most cases, this will not be necessary

When you open your account you will receive a passbook

Minimum investment is £1,000 – maximum investment £250,000. You can add to your account at any time subject to the maximum investment limit

Once the account has been opened it can be managed either in branch and/or via the post

Can I withdraw money? Withdrawals can be made without notice or penalty. Withdrawals can only be made by cheque payable to the organisation. The minimum account balance following any withdrawal should remain at £1,000.
Rate guarantee You can withdraw without notice or penalty up to £500 in cash and £70,000 by cheque on demand from our branches or by sending us your written instructions. Larger cash sums up to £5,000 are available by giving at least 24 hours notice. Cheque withdrawals over £70,000 can be obtained from our Registered Office. Following any withdrawals £1,000 should remain in the account