The current interest rate is 3.75% Gross/AER*

Interest is variable, calculated on a daily basis and is paid annually on 31 December.

Interest can be added to your Triple Access Saver (Issue 2) account, paid to another suitable Furness account or an external bank/building society account in your own name.

As the interest rate is variable, we may change the rate if we reasonably believe that the change is needed.  If we increase the rate we will tell you within 30 days of the change.  If we reduce the rate we will tell you no less than 14 days before we make the change.

For full details on how and why we will change the interest rate on your account, please refer to Section 7 of the General Savings Terms and Conditions.

Based on the current interest rate, if you deposited £1,000.00 in this account, after 12 months you would have £1,037.50.

This figure is for illustration purposes and is based on no additional deposits, withdrawals or changes in interest rate within the 12 month period.

Opening your account

To open your account you must be a permanent resident in the UK.

Simply use our online app on your mobile or PC, call into your local Furness branch, call us on 0800 834 312or download an application form from our website 

When you open your account in branch you will receive a passbook.

A maximum of one single and one joint Triple Access Saver (Issue 2) account can be opened per person. 

Savings limits and additional investments

Minimum investment £1 - Maximum investment £250,000 (£500,000 in a joint account). You can add to your account at any time subject to the maximum investment limit.

Payments into the account can be made by faster payment, standing order, or by cash or cheque at your local branch or on the mobile app. You may also send a cheque through the post. Please ensure that cheques are made payable to yourself and quote the account number on the payee line. Payments must be made from an account in your own name.

To manage your account, login to our online mobile app, visit us at a branch or send us your written instructions.

You can withdraw from your account without notice or penalty by visiting us at a branch, by telephone or by sending us your written instructions. You must always present your passbook to make a withdrawal in branch or by post. If you make a withdrawal by telephone you should visit a branch or post your passbook for updating at your earliest convenience. You must always present your passbook to close your account.

The Triple Access Saver (Issue 2) allows up to three withdrawals to be made in an anniversary year. If more than three withdrawals are required in the anniversary year, we will transfer your account to an access account, and the relevant terms and conditions and rates will apply.

Please note that branch limits apply to cash withdrawals.

Please note that the Furness offers other savings accounts and if you would like details, please ask at your local branch, call Furness Direct on 0800 834 312 or visit our website.

You must read the General Savings Terms and Conditions and Other Important Information leaflet to ensure you fully understand how your account works and your responsibilities as an account holder.

AER stands for Annual Equivalent Rate and illustrates what the interest rate would be if interest is paid and added to your account each year. From 6 April 2016, if you’re a basic rate tax payer you’ll be able to earn up to £1,000 in savings income tax free. Higher rate tax payers will be able to earn up to £500. Additional rate tax payers will not receive any allowance. This is called the Personal Savings Allowance. This means that most people will no longer pay tax on savings interest. Banks and building societies will stop deducting tax from your account interest.