You’ll earn a competitive rate of interest, fixed until maturity. You can invest any amount you like between £100 and £1,000,000 (£2,000,000 for joint accounts), plus accrued interest credited to the account.
Also, the account couldn’t be easier to run – you can simply operate it through your local branch or by post.
Please note: This fixed rate account is a limited issue and may be withdrawn without notice. Additional funds may be invested whilst the issue remains open for further investment.
Key Product Information for our Savings Account(s)
|Account Name||3 Year Fixed Rate Bond (Issue 152)|
|Interest Rates (AERs)||2.00% Gross§ p.a./AER† (Fixed)|
|Tax Status||The gross rate(s) of interest shown will be payable net of the appropriate rate of income tax (which may be reclaimed by non-taxpayers) or, subject to the required certification, gross. The tax treatment depends on the individual circumstances of each customer and may be subject to change in the future.|
|Conditions for bonus payment||There is no bonus available on this account.|
|Withdrawal arrangements||Access is limited to withdrawals of up to 25% of your capital investment without notice or loss of interest prior to maturity (1 February 2017) subject to the minimum balance of £100 being maintained. Closure of the account or further withdrawals are not permitted until the day after maturity (2 February 2017).|
|Access||Account can be opened through any of our branches, via our website or by post, and can be operated through any of our branches or by post.|
Rates correct as at 6 December 2013.
The minimum investment and operating balance is £100 and the maximum investment and operating balance is £1,000,000 (£2,000,000 for joint accounts), plus accrued interest credited to the account. In the event that the balance falls below the minimum operating balance, the basic investment rate of interest which is currently 0.05% Gross§ p.a./AER† variable) shall apply.
Interest is paid annually on 1 February (commencing 1 February 2015) and on maturity (1 February 2017).
Interest is paid annually and can either be credited to the account or transferred either to another building society/bank account or to another account held with the Society.
The 3 Year Fixed Rate Bond (Issue 152) will mature at midnight on 1 February 2017. On the day after maturity (2 February 2017), the Society will transfer your investment (including interest) to an instant access maturity account. Full details including terms and conditions will be provided before maturity.
§ Gross means the rate of interest payable before the deduction of income tax at the rate specified by law. † AER stands for Annual Equivalent Rate and illustrates what the interest rate would be if interest was paid and added each year.