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 Bond (Issue 369)

    Interest rate:

    1.20% Gross p.a./AER (fixed)

    The term is fixed until 30 November 2020

    • 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 (30 November 2020).
    • Withdrawals: No withdrawals are permitted until the day after maturity (1 December 2020). You can't close your account until the day after maturity (1 December 2020).

    The account is limited issue. Once the account is open, you can make deposits up to and including 30 November 2019. After this date the account may be closed for further deposits at any time and without notice.

    Full details
  • 1 Year Income Bond

    Interest rate:

    1.19%

    Gross p.a.

    1.20%

    AER† (fixed)

    The term is fixed until 30 November 2020

    • 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 (30 November 2020). 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 (01 December 2020). You can't close your account until the day after maturity (01 December 2020).

    The account is limited issue. Once the account is open, you can make deposits up to and including 30 November 2019. After this date the account may be closed for further deposits at any time and without notice.

    Full details
  • 2 Year Fixed Rate Bond (Issue 370)

    Interest rate:

    1.35% Gross p.a./AER (fixed)

    The term is fixed until 30 November 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 annually on 30 November (commencing 30 November 2020) and on maturity 30 November 2021.
    • Withdrawals: No withdrawals are permitted until the day after maturity 1 December 2021. You can't close your account until the day after maturity (1 December 2021).

    This account is limited issue. Once the account is open, you can make deposits up to and including 30 November 2019. After this date the account may be closed for further deposits at any time and without notice.

    Full details
  • 4 Year Income Bond (Issue 49)

    Interest rate:

    1.50% Gross p.a.

    1.51% AER† (fixed)

    The term is fixed until 3 December 2023

    • 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 December 2023). 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 December 2023). You can't close your account until the day after maturity (4 December 2023).

    The account is limited issue. Once the account is open, you can make deposits up to and including 30 November 2019. 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 371)

    Interest Rate

    1.60% Gross p.a./AER (fixed)

    The term is fixed until 1 December 2024

    • 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 1 December (commencing 1 December 2020) and on maturity 1 December 2024.
    • Withdrawals: No withdrawals are permitted until the day after maturity 2 December 2024. You can't close your account until the day after maturity (2 December 2024).

    The account is limited issue. Once the account is open, you can make deposits up to and including 30 November 2019. After this date the account may be closed for further deposits at any time and without notice.

    Full details