Proud sponsors of Barnsley Football Club - winners of the League One Play Off Final

Reds Saver Account

The Account

The Reds Saver account, developed specifically for supporters of Barnsley Football Club, is an ideal account for regular use. It has an enhanced interest rate offering more than traditional instant access account types and accepts deposits and withdrawals at any time without loss of interest or notice.

Supporters have the comfort of knowing their investments are supporting their club long term via the annual bonus payment. This payment is made by the Barnsley on behalf of Reds Saver account holders and is an amount which equates to 1% of the average daily balances held under the Reds Saver name.

How to Open Your Account

Your Reds Saver account can be opened at any of the Barnsley branches, by post or by completing an enquiry form.

What you will need

If opening the account at a branch, where a current passport or photo driving licence is produced, no other items of identification will be required. Where these items are not available we will carry out an electronic verification of your personal identity and address. If this proves unsuccessful, you will be asked to provide a combination of other documentary evidence, details of which will be provided. When opening an account in a non face-to-face situation you will be asked to provide four separate items of identity.

Deposits and Withdrawals

You can invest and withdraw from this account at any time to suit your requirements. The account pays one rate, no matter how much or little you save.

Withdrawals are also simple and can be made over the counter with your passbook to draw either cash up to a maximum of £500 or cheques up to the account balance. No notice of withdrawal is required subject to the terms and conditions of the account.
The rate on the account is variable and current rates are available at all branch offices or on the Barnsley's website. www.barnsley-bs.co.uk.

To save regularly, why not consider setting up a standing order to pay an amount each month from another account into your Reds Saver. You can also now make saving a family thing as juniors aged 0 to their 16th birthday can open a Junior Reds Saver account and get some pretty exclusive incentives!

Bonus Payments to the Club

The annual bonus payment is made to the Club in June. This payment is made by the Barnsley for an amount equivalent to 1% of the average daily balances held within the account type as a whole. This payment does not affect savers' balances.

Income Tax Deductions

Interest will be paid after deduction of income tax at the lower rate or, subject to the required certification, gross. Registration forms are available from any of the Barnsley's branches, or direct from HMRC. If you are a non-taxpayer you will be able to claim repayment of this tax directly from HMRC. You can also claim a repayment of tax if your income falls within the starting rate band and you are eligible to pay less tax than the amount deducted from your interest. Individuals who are liable at the higher rate of income tax will have to pay additional tax on the interest to cover the difference between the tax deducted and the higher rate tax due.

The Barnsley is required to supply HMRC with details of all interest paid or credited to investors each year.
 

Terms And Conditions

This section contains the particular terms of the Reds Saver Account (the "Specific Product Terms") and the general terms and conditions (the "General Terms").

Read together, the Specific Product Terms and the General Terms (a link to which is set out below), explain and govern how your account works. In particular, General Terms 4, 5 and 12 explain the circumstances in which we may change the interest rates and the terms and conditions to your account and any charges relating to your account - and how we will tell you about those changes. It is important that you read all of the terms applicable to your account before you decide whether to open it. If there is any inconsistency between the Specific Product Terms and the General Terms, then the Specific Product Term will apply.

If you open an account it will be with Yorkshire Building Society (trading as Barnsley Building Society). Barnsley Building Society is operated under its own brand with its own products and as a trading name of Yorkshire Building Society. References in the Specific Product Terms or in the General Terms to "you" and "your" are to the account holder. References to "we", "our" or to "the Barnsley" are to Yorkshire Building Society trading as Barnsley Building Society.

As you will be a member of Yorkshire Building Society, the Society's Rules will apply to you. A copy of the current Rules is available on request. Further information about membership and other issues can be found in the Yorkshire Building Society leaflet entitled "Your Society" available in all Barnsley branches.

Specific Product Terms

Proof of Support - To open an affinity account, you will be asked to provide evidence of your support for the Club. This may take the form of a season ticket, other recognised membership or ticket stubs, for example. Additional forms of proof may be acceptable, but you would be advised to check with us first.

Investment - This account is subject to minimum and maximum account investments. Additional sums up to the account maximum may be invested at any time. Minimum initial investment is £100 with a maximum investment of £50,000.

Click here to view the General Terms and Conditions of all the Barnsley Savings Accounts.