Invest in share capital

Have you ever considered investing in a business that has had roots in the local community for over 150 years?

Maybe now is the time for your money to branch out into other areas? Our members have the option of investing in our ‘share capital’, allowing us a greater range of options when it comes to supporting local community. You can invest anything from £1 to £50,000 into Chelmsford Star Co-op, and in turn we reward you with interest rates and bonus payments of up to 3.5%.

What’s in it for you? Our combined interest rate and loyalty bonus means we offer a very competitive way of rewarding our members.

What’s in it for Essex? Leaving your money with us will make a big difference to your community as we will reinvest it back into Essex. You’ll see examples of the types of initiative we support across this website.

Terms & Conditions of scheme:

The maximum loyalty bonus is achieved if your capital is left for the duration of a financial year. Removing your investment within that time will reduce your bonus. Rates correct as of our 2021/22 financial year.

The value of your investment remains at par and will not go up or down.  The Society gives no specific security against the investment other than the strength of its own independently audited balance sheet, copies of which are available on request or on the Society’s website.

Matters relating to Interest include:

  •  Interest is not subject to deduction of taxation and the gross amount will be credited to the account annually, unless payment of interest is requested by the member.
  •  Interest is calculated on a daily basis.
  •  Where adding interest to the account would increase the balance above the £50,000 maximum limit, the excess amount will be paid to keep the account within the Rule’s limits.
  •  Interest is paid on Investment Shares at rates which is determined by the Board of Directors and may vary if market conditions change, but which will always be competitive.  Alterations to interest rates will be advised by notices prominently displayed in the registered office and on the website, similar to the announcement appearing below.
  •  Interest may be requested to be paid half yearly, where the capital sum invested exceeds £15,000.  Interest cheques may not be reinvested.

Taxpayers have a responsibility to declare interest to HM Revenue and Customs.

Loyalty Bonus – from 31st January 2021 amounts held until 29th January 2022 will attract a bonus for each complete calendar month of investment.

Monies added after 31st January 2021, in the above stated interest bands, will accrue a loyalty bonus at 1/12th of the advertised rate for each complete month of investment, provided they remain invested until 29th January 2022.

Amounts withdrawn before 29th January 2022 will still receive interest at the publicised rate for that band of investment up to the date of withdrawal, but will not qualify for any bonus.

In the event of a part withdrawal, the amount which remains invested will continue to accrue bonus (at the rate applicable to that band of investment) provided the holding has not fallen below the minimum qualifying level for loyalty bonus.

Withdrawals:  Specific clauses are provided within the Society’s Rule book (Rule 7.10 (a)-(h)), relating to the Board’s power to limit or suspend withdrawals, either partially or wholly.

Prior to 31st March 2020, the following timescales were applicable;

  • Upto £20,000, allow seven days for processing and receipt of your withdrawal.
  • Greater than £20,000, within a 30-day period, 30 days’ notice may apply.

However, the Covid-19 pandemic has resulted in increased financial pressure on retailers, which the Society is not exempt from.  In order to protect the Society and members’ funds, the Board passed a resolution on the 31st March 2020 that limited members withdrawals to a maximum of £5,000 from their account in a calendar year, and that a 90-day notice period applied.

These limits are reviewed monthly, and on 22nd July 2021 the Board agreed to raise the limits on withdrawals to a maximum of £10,000 per calendar year, with the 90-day notice period remaining. The Board continue to review the situation and are keen to remove all restrictions on investment withdrawals as soon as possible.

Please note: The Society abides by a code of practice which requires it to provide a statement to its shareholders of the nature of their investment and any change affecting it.  The position each member occupies as a shareholder of Chelmsford Star Co-operative Society is no different to that of a shareholder in any corporate body in the sense that, if the business fails, they may not have all, or any, of their investment returned to them. Investments may be withdrawn without penalty, at the discretion of the Board of Directors.  The Society, unlike banks and building societies, is not subject to prudential supervision by the Financial Conduct Authority.

For information about becoming a member or making an investment, contact

Investment Department, Chelmsford Star Co-operative Society Limited, FREEPOST ANG 2556, Chelmsford CM2 0YY

Or e-mail  Tel. 01245 490101 ext 517 

Page updated 28.01.2021

Investment amount bonusInterest RatesAmount
Up to £4,9990.25%
£5,000 up to £9,9990.25%Up to 0.6%
£10,000 up to £14,9990.75%Up to 1.55%
£15,000 up to £50,0001.75%Up to 1.75%