This account might be right for you if you:
A Fixed Rate, Fixed Term Bond offers a higher rate of interest as your money is ‘locked-in’ for a specific amount of time.
Monthly interest
3.98% Gross/ 4.05%AER
Interest is calculated daily and paid monthly on the first of each month.
The interest rate is fixed.
No matter what happens to interest rates, we won’t change the rate until the account matures at the end of the 2 year term.
The estimated balance after 2 years would be £1,082.64.
This would be the balance if £1,000 is paid in at the time the account is opened, and no money is taken out or paid in. In this example all interest is paid into the account.
This illustration is just an example to help you compare accounts. It doesn’t consider any individual circumstances.
Eligibility
How to open and manage your account
How to put money into your account
We must receive the money you’re using to open your account, and any other money you want to pay in within 14 calendar days of opening it. After this period, you won’t be able to pay any additional money in.
You can…
How to keep track of your account
You can’t take money out (including any interest paid into the account) or cancel the fixed rate bond before the end of the 2 year term. You shouldn’t open this account if you think you’ll need access to your money during the fixed 2 year term.
What happens when the fixed period ends (matures)
This isn’t a payment account.
Accounts can be withdrawn from sale at any time without notice.
We pay your interest gross. The gross rate is the interest payable before the deduction of tax. Annual Equivalent Rate (AER) shows what the interest rate would be if interest is paid and added once a year.
In some circumstances customers will be required to pay tax on interest earned. Please contact HM Revenue & Customs for further information or view their website.
You should read these terms and conditions together with our General Savings Terms and Conditions leaflet to fully understand the details of your account. This includes standard terms and conditions relating to all our savings accounts.
The above rate is effective from 01 October 2024.
Before you apply please ensure you’ve read the summary box and the terms and conditions of the account.
You can apply for this account either by post or by visiting your local branch.
We're always happy to help you, whatever your query. You can contact us via phone, online enquiry or pop into any of our branches.
Monday - Friday 9am - 5pm
For dedicated mortgages, savings, insurance and financial planning numbers, visit our contact hub.
