The Millers Account

The Account

The Millers Account has been developed as a partnership between Rotherham United Football Club and Barnsley Building Society. It is an affinity account for supporters who benefit with an attractive savings account, which also benefits the Clubs finances at the same time, as the Society guarantees to pay an annual bonus.

Account investors have the security of their investments being held in a savings plan with a mutual building society, whilst having the ability to support the Club long term, through the annual bonus payment, which equates to a percentage of the daily balances held under the Millers Account name. This payment is made by the Society.

Opening a Millers Account means you're supporting your finances with one of the most attractive instant access accounts available, as well as putting your money where your mouth is and showing your full support by assisting your Club financially. And the more you save, the better it gets!

Contact your nearest branch to check on availability.

How To Open Your Account

Your Millers Account can be opened at any Society Branch. For a full list of Branches click here. If you are a new investor with the Society you will be asked to provide one form of personal identification and another for address verification. A list of the acceptable items is displayed in all Branches and a copy will be made available on request. All requests for identification are standard and conform to regulations which protect you as the customer and guard against fraudulent transactions.

As this is an affinity account with Rotherham United Football Club, you will be required to provide evidence of your support for the club.

Please note: UNDER 16's ACCOUNTS. If you are under 16 and wish to operate the account yourself, you will be required to provide proof of identity and your home address.

CHILDREN UNDER 7 (ACCOUNTS IN TRUST). Accounts can be opened for children under 7 by a responsible adult who is willing to operate the account as a trustee. Once the child is of an age where they wish to operate the account themselves, the account can be simply transferred into their own name.

As a trustee you will be required to provide proof of identity and home address for both yourself and the child involved.

Minimum Iniitial Investment

The minimum initial investment required to open a Millers Account is £100 for adults and £10 for under 16's.

Adding To Your Savings

You can add to your account at any time and the interest rate will be applied immediately. Savers may wish to consider adding to their accounts by regular monthly standing order.

Access To Your Savings

The Millers Account offers instant access to your savings and withdrawals can be made at any Society Branch.

Interest Payments

The Millers Account has only one interest rate no matter whether you save £10 or up to the account maximum of £50,000. The interest earned on your account is paid annually on the 31st December and can either be credited to your account or paid to another account with the Society.

Millers Bonus Payment

A bonus payment is made to the Club, from the Society, annually on the 31st July.

Income Tax

Interest will be payable either net of lower rate income tax, which may be reclaimed by non-tax payers or, subject to the required certification, gross. Registration forms are available from any of the Societys Branches, or direct from the Inland Revenue. If you have Adobe Acrobat Reader click here to download the R85 form.

You can also claim a repayment of tax, if your taxable income falls within the starting rate band and you are eligible to pay less tax than the amount deducted from your interest. Individuals who are liable at the higher rate of income tax will have to pay additional tax on the interest to cover the difference between the tax deducted and the higher rate due.

The Society is required to supply the Inland Revenue with particulars of all interest paid or credited to investors each year.

Terms And Conditions

1. Investment: This account is subject to minimum and maximum account investments. Additional sums up to the account maximum may be invested at any time.
   
   Minimum initial investment £10 – Under 16’s, £100 – Adults
   Maximum account holding - £50,000
    
2. Cooling Off Period: If, after careful consideration, you decide that you are not happy with your choice of savings or investment account(s) and you bring this to our attention within 14 days of you initial receipt, we will help you to either switch accounts or return your money with any interest earned over that period*. We will ignore any notice periods and additional charges in these cases.
   
   *Please note: Cheques paid in within the 14 day period will have to clear before a refund can be given.
    
3. Withdrawals: These are payable on demand up to £500 in cash or up to the account balance by cheque, to be available immediately at any branch office.
    
4. Interest: This is calculated on a daily basis, including the day of receipt but excluding the day of withdrawal and paid on 31st December each year. Interest will be added directly to the account.
    
5. Interest Rates: We reserve the right to amend interest rates at our discretion using one or more of the following methods:
    
   1. Advertisements in the Yorkshire Post and Derbyshire Times Newspapers.
   2. Notice in Branch Offices.
   3. Individual notification to investors.
   4. Internet via Society web site.
       
6. Proof of support: To open an affinity account, you will be asked to provide evidence of support for the Club. This may take the form of a season ticket or other recognised memberships. Additional forms of proof may be acceptable, but you would be advised to check this first with your local branch.
    
7. Amendments: We reserve the right to amend Terms and Conditions of issue at our discretion. Should the change be to your disadvantage, we will tell you about it personally at least 30 days before we make the change.