The Spireites Saver Account

The Account

The Spireites Saver account, developed specifically for supporters of Chesterfield Football Club, is an ideal account for regular use. It has an enhanced interest rate offering more than traditional instant access account types and accepts deposits and withdrawals at any time without penalty or notice.

Supporters have the security of knowing their investments are being held in a savings plan with a local mutual building society, whilst supporting their club long term via the annual bonus payment. This payment is made by the Society on behalf of Spireites Saver account holders and is an amount which equates to a percentage of the average daily balances held under the Spireites Saver account name.

Deposits and Withdrawals

A Spireites Saver account can be opened at any society branch. Please be aware that personal identification, address verification and evidence of support will be required. For further details, contact your local outlet. This is applicable to all account applicants other than Accounts In Trust for children under 7, where a responsible adult may operate the account as a trustee. They will still be required to provide the necessary identification, but this time for both parties.

You can invest and withdraw from this account at any time to suit your requirements. When you make a deposit the current rate of interest is applied immediately, so your savings grow from day one. The account pays one rate, no matter how much, or little you save. Savers may wish to add to their account by standing order, details of which can be supplied by your local outlet or by contacting our Customer Services Department at Head Office.

Withdrawals are also simple and can be made over the counter with your passbook to draw either cash or cheques. No notice of withdrawal is required subject to the terms and conditions of the account.

Rates on the account are variable and current rates are available at branch offices.

Bonus Payment to the Club

The annual bonus payment is made to the Club in September and presented on the pitch at the start of the season.

Income Tax Deductions

Interest will be paid after deduction of income tax at the lower rate or, subject to the required certification, gross. Registration forms are available from any of the Society’s branches, or direct from the Inland Revenue. If you are a non-taxpayer you will be able to claim repayment of this tax directly from the Inland Revenue. You can also claim a repayment of tax if your 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 tax due.

The Society is required to supply the Inland Revenue with details 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.