Service update - due to planned essential maintenance our Online Service will be unavailable on Friday 28 January from 18:00 until Saturday 29 January 12:00.
Following the Bank of England’s decision to raise the Bank Rate by 0.15% to 0.25% in December 2021, Windfall Bond and Tracker Savings Bond rates increased by 0.15% from 1 January 2022. Tracker mortgages changed from 25 January and we have written to customers individually with revised payment details where the new rate exceeds the minimum rate (or ‘floor’) already applying to their mortgage. We will be considering our other savings and our variable mortgage rates after the Bank of England MPC meeting on 3 February. (Notice updated 19/01/22)
- Please note that the Premium Saver (5) has now been withdrawn from sale.
If you have opened an account, you may add funds until 3pm, 7 February 2022, after this no additions will be allowed.
We take the identification and remediation of wrongdoing very seriously, encouraging a culture which views raising concerns of malpractice as a valuable contribution towards our efficiency and long-term success.
The information you provide could prevent misconduct which could damage our reputation and/or performance. That’s why it’s really important that you raise any concerns. We welcome all disclosures and encourage you to make them.
We have provided some useful information to help you understand whistleblowing and whether this is the most appropriate route to raise your concern as there may be other, better suited options for you.
If you have reason to believe that one or more of the following circumstances applies:
- Criminal activity including fraud or theft
- Breaches of internal policies and procedures
- Breaches of regulatory or legal obligation (e.g. data protection law, competition law)
- Bribery or corruption (e.g. accepting incentives in return for giving business, or receiving benefit)
- A miscarriage of justice
- Damage to the environment
- Danger to health and safety of any individual
- Unauthorised disclosure of confidential information
- The deliberate concealment of any of the above matters
- Behaviour that can or could harm reputation or financial well-being of the Society such as concerns over:
- Treating customers fairly
- Money laundering
- Fitness and propriety
- Systems and controls
- Unauthorised business
The form allows you to choose whether to disclose your identity or not. We hope that you will feel able to voice whistleblowing concerns openly but if you want to raise your concern confidentially, we will make every effort to keep your identity a secret, unless disclosure is required by law.
If you chose to disclose anonymously, proper investigation may be more difficult or impossible if we cannot obtain further information from you. It is also difficult to establish whether allegations are credible. For this reason, it’s really important you include as much information as possible.
Please note that if you chose to make an anonymous disclosure, we will not be able to provide you with any feedback and any action to look into the disclosure could be limited as we won’t be able to ask for further information.
You should also understand that making an anonymous disclosure means it can be more difficult to qualify for protections as a whistleblower. This is because there would be no documentary evidence linking the worker to the disclosure for the employment tribunal to consider.
If those raising a concern are external individuals (i.e. one of our customers or a member of the general public) they will probably not be eligible to the statutory whistleblowing protections. This is due to the fact that the law only extends the legal protections to ‘employees’ and ‘workers’, as well as an extended group of other individuals who also fall within the definition of ‘worker’. Nonetheless, the Society will attempt to protect anyone who reports a concern to us, if made reasonably and in good faith.
If you want to understand more about the legal protections and who is covered, please visit the charity Protect which provides free confidential whistleblowing advice.
If you believe your concern falls under the section “when do I 'blow the whistle'?” and is not a general complaint please continue to the whistleblowing submission form.