60 Day Account


This account can be operated through our Branches and Agency network, via post through our Head Office and online via Bath Online.  The 60 Day Account has a 60 day notice period in respect of withdrawals. As a result of the longer notice period required, the account pays a higher rate of interest than the instant access account.
 

Summary Box - Key Product Information

What is the interest rate?

  • £1-£100,000                        1.25% AER

  • £100,000 - £150,000           0.75% AER

  • £150,000 - £200,000           0.50% AER

  • £200,000 and above           0.00% AER

  • Interest is calculated on a daily basis and will be credited to the account on the 31st December annually.

  • Interest can be transferred into another Bath Building Society account or paid by faster payment into a nominated account if preferred.

Can Bath Building Society change the interest rate?

  • The interest rate is variable which means we may change it to respond to changes in the Bank of England base rate or changes in law, to meet relevant regulatory requirements, or to respond to changes to codes of practice or changes in our costs.

  • We will give you 30 days’ notice in writing before any reduction to the rate is applied.

  • Full details of the reasons why we may change your interest rate can be found in the General Terms and Conditions Leaflet, under section 7.

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

 

  • Based on the current rate of interest, if you deposited £1,000 in this account, after 12 months you would have £1,012.50

  • This figure is only an estimate, based on there being no additional deposits, withdrawals or rate changes in that time with all interest being added to your account. This figure is for illustrative purposes only.

How do I open and manage my account?

  • Available for UK residents only.

  • Minimum age 18.

  • Minimum opening balance £1.

  • Maximum balance £500,000. 

Balances held in excess of £200,000, an interest rate of 0.00% gross will be paid.

  • To open an account, simply complete an application form, available from any Branch, Agency office, or by contacting our Customer Support Department. Alternatively, the form can be downloaded from our website.

  • A passbook is issued with this account.

  • It is also possible to manage all the accounts you hold with Bath Building Society by registering through our website, www.bathbuildingsociety.co.uk

Can I withdraw money?

  • You will need to give 60 days’ notice of your intention to withdraw funds. We will make a charge equivalent to 60 days interest on all withdrawals if 60 days’ notice is not given. This charge may be taken from the capital investment.

  • Withdrawals by cheque can also be requested in any of our Branches and Agencies

  • Maximum cash withdrawal on demand £500 per day.

  • Signed requests should be posted to the Society’s Head Office, alternatively, we will accept instructions from a prenominated email address.

Additional information

  • This account is a limited issue and can be withdrawn without notice.

  • Applicants are asked to confirm that they have read the FSCS information and exclusion sheets.

  • This account is a savings account and must not be used for multiple monthly transactions like a current account. It isn’t a Payment Account for the purposes of the Payment Services Regulations 2017.

  • This is a summary of the key features of the account. You should read both the Savings Accounts and General Terms and Conditions leaflets to ensure you fully understand how your account works. 

Version: November 2019

Further Information