Share Capital represents an investment in the equity of Chelmsford Star Co‑operative Society Limited. Members may invest any amount from £1 to £20,000, the upper level restricted by law.
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, the most recently published version of which can be found elsewhere on this website.
Withdrawal is permitted at any time, but please allow 5 working days for processing and receipt of your cheque.

1. 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.  
2. Interest is calculated on a daily basis up to the date of the society’s trading year end – the last Saturday in January each year.
3. Where adding interest to the account would increase the balance above the £20,000 maximum limit, the excess amount will be paid to keep the account within legal limits.
4. Interest may be requested to be paid half yearly, where the capital sum invested exceeds £15,000.
5. Taxpayers have a responsibility to declare interest to HM Revenue and Customs.

Investments in Chelmsford Star Co-operative Society will always be used in accordance with our Ethical policy, our Environmental policy and our Energy policy.  Co-operative Values and Principles guide our actions and published statements on Environmental and Energy policy can be found elsewhere on this website.

Interest Rates - effective from 31 January 2010 and guaranteed until 29 January 2011:

Loyalty Bonus – from 31 January 2010, amounts of £10,000 and more, and £15,000 and more, held until 29 January 2011, will attract a bonus of 0.1% and 0.15% respectively for each complete calendar month of investment (the period to 29 January 2011 will constitute a complete month for bonus purposes).  Thus holdings of £10,000 to £15,000, held from 31 January 2010 until 29 January 2011, will accrue a 1.2% loyalty bonus; holdings of £15,000 and more, held from 31 January 2010 until 29 January 2011, will accrue a 1.8% loyalty bonus. 

Monies added after 31 January 2010, in the above stated interest tiers, will accrue a loyalty bonus at 0.1% or 0.15% for each complete month of investment, provided they remain invested until 29 January 2011. 

Amounts withdrawn before 29 January 2011 will still receive interest at the publicised rate for that tier of investment up to the date of withdrawal, but will not qualify for any bonus. 

we presently have over 50,000 holders of share capital, some with only a few pounds and some with many thousands in their accounts.

The Society is obliged under a Co-operative Code of Best Practice, to issue the following statement about the nature of the investment.

withdrawable share capital

The Society abides by a code of practice, which requires it to provide shareholders with information about the nature of the investment and any changes affecting it. The position you occupy as a shareholder of Chelmsford Star Co-operative Society Ltd is no different from that of a share holder in any corporate body in the sense that, if the Society fails, you may not have all, or any, of your investment returned to you.

The Society, unlike banks and building societies, is not subject to prudential supervision by the Financial Services Authority.

Should members wish to invest or have any further queries please contact:
The Investment Department
Chelmsford Star Co-operative Society Ltd
220 Moulsham Street
Chelmsford
Essex
CM2 OLS

or e-mail us