MAKE A WISH

When we wish we leave the present and step, for a moment, into what could be.
At Progressive we want you to have the means to take that moment and prolong it. That's always been the core of our commitment to the needs of local people.

INVESTMENT & MORTGAGE
INVESTMENT FOR LOCAL PEOPLE

Ever since 1914 the Progressive Building Society has been offering a range of accounts specially tailored to the needs of local people. We've grown along with our customers, and become a natural part of their world. That's why we're sure we have something to suit your circumstances today, from high-interest, instant access accounts to longer term savings bonds.
And remember - if you have any questions about any of our accounts, don't hesitate to ask.

CAPITAL BOND

This is a flexible two-year investment bond that guarantees you a very competitive high rate of interest. You can open a capital bond for as little as £1,000.

Monthly income option available.

FIXED RATE BONDS

If you have a lump sum to invest over a period of one or two years, one of Progressive's high-interest Fixed Rate bonds may suit you.
Just ask for details of current rates at any Progressive branch.

PREMIUM NINETY

This is a flexible 90-day notice investment account that pays you high interest. You can open a Premium Ninety account with a minimum deposit of just £500.

Monthly income option available.

INVESTMENT SHARE

This is a high-yield investment account that actually gives you access to your money. You can open an account with as little as £100 and straightaway your investment will start growing, earning you higher interest.

PROGRESSIVE ISA (mini cash & TESSA - only)

If you have a lump sum or wish to save a regular amount, then a Progressive ISA will allow you to receive your interest tax-free. And, most importantly, an ISA gives you access to your money when you need it. If you have an existing TESSA, you can invest the entire balance to open an ISA. Or you can open a mini cash ISA with as little as £10. Pick up a leaflet for full details. Minimum investment £10.00

MORTGAGES

The Progressive Mortgage Service combines flexibility and promptness with a minimum of red tape.

HOW MUCH CAN YOU BORROW?

Normally we advance up to three times your income or, in the case of joint applications, three times the major income plus one time the smaller.

WHAT SORT OF MORTGAGE DO WE OFFER?

We can offer you a Repayment or Interest-Only mortgage. We have a range of attractive schemes which will meet the needs of all those considering house purchase or improvement.

YOUR NEXT STEP

For more detailed information on our Mortgage Service and current rates, please contact your nearest Progressive branch.

Interest rates on closed account types are available on request. Investors in variable rate accounts (other than fixed term bonds), which are no longer available can switch their investment to a current account at any time and without penalty.

Interest will be paid or credited after deduction of income tax at the lower rate of 20% or, subject to the required certification, gross. Individuals who are non-taxpayers, and who have not registered to receive their interest without tax deducted, can claim a repayment of tax from the Inland Revenue. Individuals with taxable income in the starting rate band of 10% who are due to pay less tax than the amount deducted from their interest can also claim such a repayment. Individuals whose interest falls within the basic rate band of 23% will have no more tax to pay on their interest, as the tax deducted from it at 20% will satisfy the tax due. Individuals who are higher rate taxpayers will have to pay the extra tax due on their interest (the difference between tax deducted at 20% and the higher rate of 40%). The Society is required each year to supply to the Inland Revenue particulars of all interest paid or credited to investors.

*AER stands for the Annual Equivalent Rate and illustrates what the interest rate would be if interest was paid and added each year.

**Tax Free means the rate of interest payable where interest paid is exempt from income tax.

All interest rates are paid annually. All interest rates are variable.

Your home may be repossessed if you do not keep up repayments on a mortgage.