Hinckley & Rugby Building Society is marking its 150th anniversary in 2015 with a one year bond for existing customers that pays three per cent gross interest.
For the maximum deposit of £5,000 the year’s interest will be £150 – celebrating the 150th milestone in a history which began in 1865 with the formation of the Hinckley Freehold Land & Permanent Benefit Building Society.
The loyalty bond was launched today [March 25] at the Society’s AGM in Hinckley. It is available to customers who held a savings or mortgage account on November 30 2014 and continue to be a member up to March 25. The minimum deposit is £500 and the interest rate is fixed for the 12 month term.
Hinckley & Rugby’s chief executive Chris White said: “Very few institutions have been in existence for quite so long and this remarkable feat has only been possible due to the loyal and unwavering support of generations of the Society’s members.
“The Society of today is very different in many ways to the institution founded 150 years ago. But what hasn’t changed is our commitment to mutuality and traditional first class personal service, our highly competitive mortgages and savings accounts and the staunch support of our loyal members.
“We thank today’s members with the opportunity to earn a market leading rate of interest on this very special anniversary bond.”