Limited Access Saver

Limited Access Saver

Interest is variable, calculated on a daily basis and is paid annually on 31 August.

†AER stands for Annual Equivalent Rate and illustrates what the interest rate would be if interest was paid and compounded once each year. Gross is the rate of interest if interest were paid and not compounded each year.

Interest is calculated daily from the day of receipt.

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 £1,035.00 This figure is for illustration purposes and is based on no additional deposits, withdrawals or changes in interest rates within the 12 month period.

To open an account you must be permanently resident in the UK. Simply open your account online or 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 your local branch, on our website or by calling 01782 255000. If you are already a Hanley Economic customer, in most cases, this will not be necessary.

When you open your account in branch you will receive a passbook. You can open the account with a minimum balance of £100 – maximum balance is £300,000
Once the account has been opened it can be managed either online, in branch and/or via the post.

You can withdraw 3 times without penalty per tax year (6th April – 5th April) 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other withdrawals are subject to 30 days loss of interest on the amount withdrawn.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 signed 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.

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 want to save up to £300,000

You are happy that the interest rate may change at any time.

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


No if

You want more than three withdrawals per tax year.

You want an account that pays a variable rate of interest.

You want unlimited access to your account without penalty