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Home Saver Accounts
Our Home Saver Account lets you save for your first home or your next one. We’ll also give you £500 cashback when you take out and complete on a mortgage with Chorley Building Society (see FAQs for more information).
Home Saver Accounts
Account Name
Interest Rate
Opening Balance
Type of Account
Withdrawals
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Account Name
Home Saver
Interest Rate
4.25% Gross pa/AER
Opening Balance
£100
Type of Account
Home Saver
Withdrawals
2 withdrawals per year
Our Home Saver allows deposits from £100 to £500 per month. Two withdrawals per year are permitted without penalty. You can close your account at any time within the 5 year fixed term period and this will not count as one of your two withdrawals.
Frequently asked questions
A Home Saver Account is a type of savings account which encourages you to save a regular amount each month. You are able to deposit between £100-£500 per month, to help your savings grow.
You can hold this account for up to five years.
If you choose to take out a Chorley Building Society residential mortgage or remortgage, you may be eligible for a £500 cashback on successful completion of the mortgage. Please view the 'How do I open and manage my account’ section in the product details above.
Our Home Saver Account typically pays a higher interest rate than our Easy Access Accounts.
Yes, if you are 18 years old and above and you are a UK resident.
The maximum total subscriptions to the account is £30,000.
No, you can only hold one Home Saver Account.
Yes, you can make 2 withdrawals per year. You can also close your account at any time within the 5 year fixed term period and this will not count as one of your two withdrawals.
Accounts can be held in joint names but only one account per member is permitted. If the mortgage application is in joint names and both borrowers hold a Home Saver Account, only one cashback will be paid. The cashback will be paid within one month of the mortgage completion date. The cashback will be paid to the first named mortgage applicant.
Yes, our Home Saver Account is covered by the Financial Services Compensation Scheme (FSCS), the UK's deposit guarantee scheme. Chorley Building Society is a member of the FSCS, this means eligible deposits with Chorley Building Society are protected up to a total of £85,000.