Notice 90 (POS90)

Notice 90.

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.

†Annual Equivalent Rate illustrates what the interest rate would be if interest was paid and added each year, and has been rounded to two decimal places.

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 8 of the Savings Terms and Conditions.

Based on the current interest rate, if you deposited £1,000 in this account, after 12 months you would have £1,021.50. This figure is for illustration purposes and is based on no additional deposits, withdrawals or changes in interest rates within the 12 month period.

To open an account you must be permanently resident in the UK. Simply call into your local branch and complete an application form.

You will need to provide some identification when you open your account; details of our requirements can be obtained from the “Before you apply section” on this page, your local branch or by calling 01782 25500. If you are already a Hanley Member, 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 if held in single or joint names. 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.

Make a withdrawal on demand and lose 90 days interest on the amount withdrawn or provide us with 90 days notice (written or verbal) and make your withdrawal without losing any interest.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. To withdraw money in a branch you must provide your passbook. If making a withdrawal through the post you must send your passbook along with written instruction.

To withdraw money in a branch, you must provide your passbook. If making a withdrawal through the post, you must send your passbook along with signed written instructions.

Minimum age 18 years.

UK residents only.

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: hmrc.gov.uk . The tax information provided is based on our understanding of current law and HMRC practice, both of which may change.

Yes if

You are happy to provide 90 days notice of withdrawals

You want to open and manage your account in branch or via the post


No if

You want instant access to your money without paying 90 days interest penalty

You want to open or manage your account online