The Society has investing members throughout the UK and indeed abroad.

We are fortunate in having a high retention of members, possibly as a result of the particular consideration to rewarding loyalty as and when circumstances will permit. The Society does not seek to achieve a high annual profit but only sufficient to meet current and future capital requirements. We do therefore hope to maintain a very competitive interest rate structure and offer loyalty bonuses where at all possible.

The current rates, terms and conditions are as undernoted:

A Shares	The period of investment is for either 2 or 3 years, with the rate fixed as undernoted. In return for this fixed rate no withdrawals are permitted other than on the winding up of an estate. Term: Rate 2 years 3.00% AER, 3.00% gross, 2.40% net 3 years 3.00% AER, 3.00% gross, 2.40% net                           PLEASE NOTE: This rate is currently under review.
B Shares	This account is for a fixed term of either 2 or 3 years. Interest is guaranteed at 0.50% above the Ordinary Share gross rate (see below). The B Share interest rate is currently therefore 2.00% AER, 2.00% gross, 1.60% net. Withdrawals of a quarter of the capital may be made in any one year with no penalty.
Bonus Shares	This account is on a variable rate basis and requires 3 months notice of withdrawal. Current rate is 1.75% AER, 1.75% gross, 1.40% net.
Ordinary Shares	Instant access with no loss of interest on withdrawal. Current rate is 1.50% AER, 1.50% gross, 1.20% net.

Click here for full terms and conditions.

Individual Savings Accounts (ISAs)

All the above accounts can be operated on a Cash ISA basis, subject to HM Revenue & Customs rules and limits. Please contact us for more details, or click here for HM Revenue and Customs information with regards ISAs.

Financial Services Compensation Scheme

The Society is a participant in the Financial Services Compensation Scheme established under the Financial Services and Markets Act 2000.

As a customer of Century Building Society your account(s) with us are covered by the Financial Services Compensation Scheme up to a maximum of £50,000 per person, unless you are: a large company; a large partnership; a large mutual association; a local, provincial or municipal authority; or a person whose claim arises from transactions relating to a conviction they have received for money laundering. Further details of exclusions from FSCS cover can be found on the Financial Services Authority website http://fsahandbook.info/FSA/html/handbook/COMP/4/2.

Details can also be found on the Financial Services Compensation Scheme website.

Money Laundering Regulations

Click here for information in respect of current Money Laundering Regulations with regards to confirmation of identity and residence.

Closures and withdrawals from existing accounts

The Society will require written instructions if you wish  to either close or make a withdrawal from your account (subject to the specific terms of the account type, please see your passbook). Click here to download a Share Account Closure / Withdrawal form to complete and send to the Society together with your passbook.

Retention of Mutual Status

The Board of Directors stress the importance of the Society retaining its mutual status, thereby remaining independent and continuing to operate in the best interests of its members. In accordance with this objective there may be an occasion when new members may be asked to sign a mandate waiving their rights to a future capital distribution on the conversion of the Society to PLC status. Please enquire direct for the current position.