Furness Building Society Retirement Income Account
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General

Gross Interest Rate2.50%
AER2.50%

Opening

Method of opening accountPost
Minimum age of account holder16
Minimum deposit£20,000
Maximum deposit£250,000
Contact details for opening0800 834 312
Go to Furness Building Society Website
Contact local branch

Ongoing

Frequency interest paidAnnually or monthly
Interest fixed untilVariable
Details of any bonus ratesN/A
Minimum ongoing balance£20,000
Compound interest or paid into separate accountPaid to a nominated account

Closing/Accessing funds

Withdrawals allowed1 withdrawal allowed per calendar year
How withdrawals are madeBranch, Post
Early access penaltiesYes
Notice requiredN/A