• Simple and Straightforward Savings

    Hassle-free Savings and Fixed Bonds


    7 Year Fixed Rate Bond - 3.13%

    Simple and Straightforward Savings

    Hassle-free Savings and Fixed Bonds

    120 Day Notice Account - 1.86%
    5 Year Fixed Rate Bond - 3.01%
    7 Year Fixed Rate Bond - 3.11%

    Hassle-free Savings

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  • 7 Year Bond (Series 26)

Fixed Rate Bond 7 Year Term (Series 26)

Please note applications are online only. Access to your account upon successful application is by post or phone.

Available from 28 January 2016
Anticipated closing date for applications is 29 February 2016

Closing date for all funds is 10 March 2016
Maturity date 28 January 2023
Online applications only

Key features

  • Fixed Term Bond
  • No withdrawals can be made during the term of the bond
  • Fixed maturity date of 28 January 2023
  • Interest paid annually on 31 December and at maturity into a nominated bank account
  • Statements will be issued annually
  • Minimum deposit **£1,000
  • Maximum balance ***£1,000,000 for Personal Customers / £2,000,000 Non-personal

This account is available for:

  • Personal accounts - Single and Joint
  • Trade Union
  • Credit Union
  • Sole Traders
  • Partnership
  • Public Authority
  • PLC
  • Limited Company
  • Limited Liability Partnership
  • Charity
  • Church
  • Club
  • Society
  • Trust
  • Association

We do not accept the following non personal accounts: (this list is not exhaustive)

  • Bank & Building Societies
  • Insurer or Reinsurer
  • Collective Investment
  • Pension Provider
Summary Box
Key Product Information for our Savings Account(s)
Account name Fixed Rate Bond 7 Year Term (Series 26)*
Interest rates (AERs)
Balances in the range(s) Gross Rate % p.a Gross A.E.R % Net Rate % p.a
£1,000 - £1,000,000 (Personal) £1,000 - £2,000,000 (Business, Charities, Trusts, Societies) 3.13 3.13 2.50
 
Interest is payable annually on the 31 December, into a nominated bank account and at the date of maturity of the bond.
Tax status Interest will be paid after tax deduction at the prevailing rate specified by the law for the current tax year. We will pay interest without deducting tax if we have accepted a relevant HM Revenue and Customs (HMRC) R85 declaration(s).
Conditions for bonus payment No bonus payment
Withdrawal arrangements
  • No withdrawals can be made during the term of the Bond.
  • The Bond will automatically mature on 28 January 2023
Access Phone /Post

If demand exceeds expectation, we may close before this date

Power of Attorney
If you are a Power of Attorney wishing to apply for the account on someone else's behalf, please call our Banking Team on 03451 117 092 prior to applying for the account so we can advise you of the next steps for our Power of Attorney Accounts.

Please note, as a Power of Attorney you are required to notify us should you have a bankruptcy order in place. We conduct annual bankruptcy checks on all Power of Attorneys and should a bankruptcy order be in place, your authority will be immediately revoked.  

 

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