Bonds

Invest for the future with lump sum deposits to make the most of higher interest rates. Choose from a range of terms and benefit from the higher interest rates that locking away your money or making lump sum deposits can bring.

If the balance falls below the minimum operating balance, the basic savings rate of interest, which is currently 0.05% Gross p.a./AER (variable), shall apply.

 

  • 1 Year Fixed Rate Access Bond (Issue 378)

    Interest rate:

    1.15% Gross p.a./AER (fixed)

    The term is fixed until 28 February 2021

    • Minimum operating balance: £100.
    • Maximum balance: £1,000,000, £2,000,000 for joint accounts, plus accrued interest credited to the account.
    • Interest paid: calculated daily and paid on maturity (28 February 2021).
    • Withdrawals: You can withdraw up to 25% of your capital balance without notice or loss of interest, prior to maturity (28 February 2021) subject to the minimum balance of £100 being maintained. You can't close your account until the day after maturity (1 March 2021).

    The account is limited issue. Once the account is open, you can make deposits up to and including 29 February 2020. After this date the account may be closed for further deposits at any time and without notice.

    Full details
  • 16 Month Fixed Rate Access Bond (Issue 3)

    Interest rate:

    1.30% Gross p.a./AER (fixed)

    The term is fixed until 30 June 2021

    • Minimum operating balance: £100
    • Maximum balance: £1,000,000 (£2,000,000 for joint accounts) plus accrued interest credited to the account
    • Interest paid: annually on 28 February 2021 and on maturity (30 June 2021).
    • Withdrawals: You can withdraw up to 25% of your capital balance without notice or loss of interest, prior to maturity (1 July 2021) subject to the minimum balance of £100 being maintained.

    This account is limited issue. Once opened, you can make deposits up to and including 29 February 2020. After this date the account may be closed for further deposits at any time and without notice, which means you will not be able to deposit further funds.

    Full details
  • 3 Year Fixed Rate Bond (Issue 380)

    Interest rate:

    1.40% Gross p.a./AER (fixed)

    The term is fixed until 28 February 2023

    • Minimum operating balance: £100.
    • Maximum balance: £1,000,000 (£2,000,000 for joint accounts) plus accrued interest credited to the account.
    • Interest paid: annually on 28 February (commencing 28 February 2021) and on maturity (28 February 2023).
    • Withdrawals: No withdrawals are permitted until the day after maturity 1 March 2023). Closure of the account is not permitted until the day after maturity (1 March 2023).

    This account is limited issue. Once the account is open, you can make deposits up to and including 29 February 2020. After this date the account may be closed for further deposits at any time and without notice.

    Full details
  • 4 Year Income Bond (Issue 52)

    Interest rate:

    1.50% Gross p.a.

    1.51% AER† (fixed)

    The term is fixed until 3 March 2024

    • Minimum operating balance: £100.
    • Maximum balance: £1,000,000, £2,000,000 for joint accounts.
    • Interest paid: calculated daily and is paid monthly on the last working day of the month and on maturity (3 March 2024). Depending on what date in the month you deposit your initial funds, you may not receive your first interest payment until the last working day of the following month.
    • Withdrawals: No withdrawals are permitted until the day after maturity (4 March 2024). You can't close your account until the day after maturity (4 March 2024).

    The account is limited issue. Once the account is open, you can make deposits up to and including 29 February 2020. After this date the account may be closed for further deposits at any time and without notice.

    Full details
  • 5 Year Fixed Rate Bond (Issue 381)

    Interest Rate

    1.65% Gross p.a./AER (fixed)

    The term is fixed until 2 March 2025

    • Minimum operating balance: £100.
    • Maximum balance: £1,000,000, £2,000,000 for joint accounts, plus accrued interest credited to the account.
    • Interest paid: calculated daily and paid annually on 2 March (commencing 2 March 2021) and on maturity 2 March 2025.
    • Withdrawals: No withdrawals are permitted until the day after maturity 3 March 2025. You can't close your account until the day after maturity (3 March 2025).

    The account is limited issue. Once the account is open, you can make deposits up to and including 29 February 2020. After this date the account may be closed for further deposits at any time and without notice.

    Full details