3rd Issue Fixed Rate Bond with 6 month, 1 year, 2 year and 3 year options.
Introducing our latest Fixed Rate Bond account 3rd Issue with 4 different terms.
Whether you want to save for a short period or leave a lump sum for a longer term, we are now offering Issue 3 of our successful Fixed Rate Bond.
Minimum balance £1,000
Maximum balance £250,000
OPERATING THE ACCOUNT
Additional investments are permitted into a Bond while the issue is still available (within maximum savings limit).
The maturity date will be calculated from the date that the account is opened.
Part withdrawals are not available. The 6 month option cannot be closed until the maturity date, whilst the 1, 2 and 3 year options may only be closed subject to 120 days penalty loss of interest.
On maturity you can transfer into any one of our other accounts. The Society will contact you prior to this to provide your options.
Existing Centenary and 2nd Issue Bond holders will be able to transfer into any option of the new Bond upon maturity of their existing Bond. We will write to you before the maturity date so you can advise us of your requirements.
Our Fixed Rate Bond account can be operated either in person at our branches or by post.
The account can only be opened by UK resident individuals (not companies, charities, clubs, etc.) in single or joint names.
INTEREST RATES
Interest is fixed for the term of the account.
Interest will be paid on maturity for the 6 month and 1 year options and annually and on maturity for the 2 and 3 year options.
See the Interest Rate page for details.
Interest is normally paid after tax has been deducted, although it can be paid gross upon completion of the appropriate form. By law, the Society must supply details annually to HMRC of all interest paid to its investors.
IDENTIFICATION
Go to the Important Information page for full details of the identification required to open an account.
Please note that, for legal reasons, we are unable to open an account unless valid identification is provided.
OTHER INFORMATION
Upon opening a Fixed Rate Bond account you will automatically become a Member and be bound by the Society's rules.
In general, all new savers opening share accounts must agree to assign any future windfall rights. Please refer to the application form for further details.
The Society reserves the right to suspend or amend an issue of shares at any time without notice and potential investors should check that the required issue is still available.
Key Product Information for our Savings Accounts
