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Savings Glossary

Savings Glossary

Welcome to ourĀ Savings Glossary. Here you will find definitions for more commonly used savingsĀ terms, making the jargon clearer. If you're unsure of any words or phrases, simply use the guide below.

Capital

The balance of the account.

Charitable Assignment

During the first five years of membership, a new member is required to assign to charity any financial benefits resulting from the transfer of the Society's business to a bank or other company. For more information please click here.

CHAPS (Clearing House Automated Payment System)

CHAPS (Clearing House Automated Payment System) is a same-day automated payment system for processing payments made within the UK, that enables same day fund transfers.

There is a charge for this service, please see our Savings Terms and Conditions document to view our fees.

© Newbury Building Society

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Newbury Building Society is authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority (Financial Services Register number 206077). Registered office: Newbury Building Society, 17 Bartholomew Street, Newbury, Berkshire, RG14 5LY.

English law applies and we will communicate with you in English. We are participants of the Financial Ombudsman Service. We have a complaints procedure which we will provide on request. Most complaints that we cannot resolve can be referred to the Financial Ombudsman Service.

You can check the Financial Services register on the FCA's website.

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Speak to one of our expert advisers on
01635 555777  or request a call back:

Name:
Phone:
Email:
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On Saturdays we are only able to call in the morning due to branch opening times.

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