Chorley and District Building Society
Phone: +44 (0)1257 235000
Fax: +44 (0)1257 241371
Email: chorley@chorleybs.co.uk
Name
Foxley Fund
Category
Description
-Savings Accounts for our next generation of savers!
-Saving can start from the moment a child is born with a Foxley Fund and/or a Young Chorleian Account.
-Saving can start from the moment a child is born with a Foxley Fund and/or a Young Chorleian Account.
Benefit
-£1+ -2.90% -2.32%
Type
Savings
Interest Rate
-£1+ -2.90% -2.32%
Minimum Balance
£1.00
Conditions
-Minimum investment and account balance of £1.00
-The annual maximum investment per qualifying year (1st January to 31st December) excluding interest is £3,600. Prior years subscriptions cannot be carried forward.
-Only one Foxley Fund account per child
-Additional investments are allowed, subject to the above annual maximum investment
- The child's birth certificate must be presented to the Society with the application form
-An R85 application form should be filled in if you wish to receive interest gross (these are available from any of our branches). Alternatively you can visit the HMRC website to download the form.
-The account must be opened by an adult aged 18 years or above who acts as the trustee on the account for the child
-The account will mature on the child's 18th birthday, at which point the account holder (the child) will be required to provide current full identification
-The account holder's signature will be required on the maturity instructions
-Interest earned on a daily balance and credited annually on 31st December each year
Featured
Yes
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