Hinckley & Rugby Building Society
Hinckley & Rugby Building Society
24 -28 Upper Bond Street
Hinckley
Leicestershire
LE10 1NZ
(Branches throughout Leicestershire - see here: Branches and Agencies Finder (hrbs.co.uk) )
Customer Services Team:
Telephone: 0800 434 6343
Email: customerservice@hrbs.co.uk
New Savings Accounts for Town and Parish Councils: A Safe and Efficient Solution for Surplus Funds
Groundbreaking savings accounts tailored specifically for Local Councils have been launched by Hinckley & Rugby Building Society, offering a secure and efficient home for surplus funds.
These innovative products are designed to address and overcome several pain points traditionally faced by Town and Parish Councils when managing their finances.
Key Features of the New Local Council Accounts:
1. Simplified Account Opening Process: The new accounts dramatically reduce the volume of documentation required to get started, streamlining the onboarding process and saving valuable time for council administrators.
2. Flexible Withdrawal Protocols: Unlike traditional accounts that mandate multiple signatures for withdrawals, these savings accounts offer a more flexible system, making it easier for councils to access their funds while maintaining robust security measures.
3. Effortless Signatory Updates: Updating signatories has always been a challenge for Parish Councils. These accounts introduce a hassle-free process to manage and update authorised signatories, ensuring smooth transitions and uninterrupted access to funds.
4. Wider Selection of Savings Options: Recognising the limited choice of suitable savings accounts available to councils, these new products offer competitive options, catering to the unique financial needs of Parish Councils.
5. Competitive Interest Rates: These accounts boast competitive interest rates, ensuring that Parish Councils can maximise the returns on their surplus funds without compromising on safety or accessibility.
6. Zero Account Fees: To alleviate the burden of administrative costs, the new savings accounts come with no account fees, providing a cost-effective solution for managing council funds.
"Town and Parish Councils play a crucial role in local governance, and it is essential that they have access to financial products that cater to their specific needs," said Danny Cranie, Chief Customer Office at Hinckley & Rugby. "We are proud to introduce these savings accounts, which address the pain points that hinder efficient financial management for councils. Our goal is to support Parish Councils in their mission by providing a secure, flexible, and profitable home for their surplus funds."
The new savings accounts are now available to Town and Parish Councils across the UK. For more information, visit Hinckley & Rugby's website, contact their customer services team directly at 0800 434 6343, or email customerservice@hrbs.co.uk .
About Hinckley & Rugby Building Society:
Hinckley & Rugby Building Society has been a cornerstone of support for borrowers and savers across the UK for nearly 160 years. In 2024, they proudly introduced a new purpose and ambition as a mutual organisation revolving around the phrase "We are here" to reflect a commitment to making a positive impact on the Society's members, people, communities, and the environment.
Hinckley & Rugby's local communities have always benefitted from our excellent range of competitive charity and business accounts. Our deposit accounts offer a safe place for charities and businesses to keep and grow their reserve fund. We provide a variety of easy access and notice accounts to meet the savings needs of all organisations.
The Society's engagement with the community is extensive and heartfelt. They actively support local initiatives through sponsorships, provide financial education in local schools, engage in charity fundraising, and implement various environmental initiatives. Additionally, we share our expertise and resources with local organisations to help foster community development and resilience.