Reds Saver
Support your local club!
The Reds Saver account has been developed specifically for supporters of Barnsley Football Club. The Club gets a bonus of 1% of the average daily balances held in the Reds Saver accounts each year.
Key Features
- Developed specifically for Barnsley FC supporters
- 1% of annual balances paid to the Club each year by the Society - your savings are not affected
- Minimum investment of £100. Maximum £50,000
- Unlimited number of withdrawals, subject to daily limits
- Interest paid annually on 31 December
- Can be opened at any of our branches or by post
- Open to UK residents/those ordinarily resident
- Operated using a passbook.
Deposits and withdrawals
You can invest and withdraw from this account at any time to suit your requirements.
Withdrawals can be made at a branch counter to provide up to £500 in cash or cheques up to the account balance. Withdrawals by post offer cheques only. In both cases your passbook will be required. No notice of withdrawal is required, subject to daily withdrawal limits and the general terms and conditions.
Investment limits
Minimum initial investment - £100.
Maximum account holding - £50,000.
Interest
Interest is paid annually on 31 December and will be paid after deduction of income tax at the lower rate or, subject to the required certification, gross.
See interest rate for this account.
Proof of Support
To open a Reds Saver account, you will be asked to provide evidence of your support for the Club. This may take the form of a season ticket, other recognised membership or ticket stubs, for example.
Bonus Payments to the Club
The annual bonus payment is made to the Club in June. This payment is made by the Barnsley for an amount equivalent to 1% of the average daily balances held within the account type as a whole. This payment does not affect savers' balances.
The Barnsley
If you open an account it will be with Yorkshire Building Society (trading as Barnsley Building Society). Barnsley Building Society is operated under its own brand with its own products and as a trading name of Yorkshire Building Society.
Full terms
Full terms and conditions for this account are available at our branches.
Summary Box
| Summary Box Key Product Information for our Savings Account |
|
|---|---|
| Account Name | Reds Saver |
| Interest rates (AERs) | Variable rate of interest paid annually on 31 December. See interest rate |
| Tax Status | Gross or net |
| Conditions for bonus payment | N/A |
| Withdrawal arrangements | Instant access. Unlimited withdrawals, subject to daily limits. |
| Access | Barnsley branch network or post. |
Interest rate
| Balance | Interest type | Gross rate p.a. % (variable) | Net rate p.a. % (variable) | AER p.a. % (variable) |
|---|---|---|---|---|
| £100 - £50,000 | Annual |
0.50% |
0.40% |
0.50% |
AER stands for Annual Equivalent Rate and shows you what the interest rate would be if interest was paid and added each year. This will enable you to compare more easily the return you can expect from your savings over time.
Net: Interest on investments and savings amounts is payable net of income tax, which means after the deduction of income tax at the lower rate of 20%, or subject to the required registration gross.
Barnsley Building Society and the Barnsley are trading names of Yorkshire Building Society. Principal office: Yorkshire House, Yorkshire Drive, Bradford BD5 8LJ.
Yorkshire Building Society is a member of the Building Societies Association and is authorised and regulated by the Financial Services Authority and are entered in the FSA register and our FSA registration number is 106085.
Get in touch with us:
- Call us on 0845 1 200 898
Lines are open from 9am – 5pm, Monday to Friday. - Find a branch:
http://www.barnsley-bs.co.uk/about/branches.html - Manage your accounts online:
http://www.barnsley-bs.co.uk/security/online_help.html
This site is intended for UK Residents unless otherwise stated. All communications with us may be monitored/recorded to improve the quality of our service and for your protection and security.