1 Year Fixed Rate Bond

Subject to availability may be withdrawn at any time

Why choose a Fixed Rate Bond?

Peace of Mind - Leave your money for one year, with the knowledge your rate is fixed for the term

Straightforward saving - Apply online and make a lump sum deposit. The rate is fixed for the year, it couldn't be simpler!

Choice - Choose from a monthly or annual interest payment option

Santander 1 Year Fixed rate Bond 1.75% gross AER (Fixed) on Balances from £500

How does the product work?

Rate - You get a fixed rate of

1.80% gross/AER fixed on balances from £200,000+
1.75% gross/AER fixed on balances from £500+

Minimum Balance - £500 up to a maximum of £2 million
Access - No additional deposits, withdrawals or account closures are permitted
Term - Matures 1st June 2014

Terms and Conditions

Apply now

Start saving today

This is subject to availability and can be withdrawn without notice at any time.

Interest Rates

Deposited from	Maturity	Tier	AER (gross/fixed)*	Gross p.a. (fixed)
Deposited from	Maturity	Tier	AER (gross/fixed)*	If paid annually	If paid monthly
02.05.2013	01.06.2014	£200,000+	1.80%	1.80%	1.79%
02.05.2013	01.06.2014	£500+	1.75%	1.75%	1.74%

For more detailed information on rates please click here.

*AER based on funds deposited by 1st June 2013. If you deposit funds after 1st June 2013, the interest you receive may be less than the advertised AER. Rates effective from 2nd May 2013.

How to Apply

Apply online today, visit a Santander Branch or call us on 0800 092 2212.
What you'll need to apply

Your personal and address details
A valid email address (we will contact you via email about your application and to confirm account opening)

You can apply if:

You have at least £500 to deposit
You are at least 16 years of age and a UK resident

What you need to do.

1. Read our Terms of Business, the general terms and conditions and the fixed rate bond fact-sheet. We recommend you save and/or print these for your records.

2. To 'apply online now' should take about 5 minutes.

3. State the exact amount you want to go into your bond in the application form as once your bond is open we will ask you to send us a cheque for this amount.

Further Information

Interest can be paid annually or monthly. The method of interest payment cannot be changed once set. Annual interest is paid on the first of the month following account opening and annually thereafter. Any further interest due will be paid on maturity. Monthly interest is paid on the 1st of the month following account opening and on the 1st of the month thereafter.
You will receive a bond certificate within 14 days of account opening. Please keep it safe. If the certificate is lost or stolen, you must report it to us. A new certificate will not be issued following any transactions on the account following the initial deposit (e.g. interest payment). Please note that bonds are not viewable online or on our mobile banking app.
The term of a bond is fixed. When the term ends (at maturity) the money will be transferred into an instant access account, unless before the end of the term you tell us otherwise. We will write to you to confirm product details and rates at least 14 days before your bond matures. Please note that at maturity if you wish to transfer funds to an external account (non Santander), this can only be done in branch or over the phone. Details of how to do this will be included in the maturity letter.
Withdrawals or account closure will not be permitted during the fixed term period. If the account is held in a single name the account can be closed in the event of an account holder's death or allowed to continue until maturity in the name of the deceased. If the account is held in joint names and one of the account holders dies, the account will belong to the remaining account holder and the account may be closed or amended to be held in the remaining account holder's name.
There is no cancellation period on this account.
Further additions to the original deposit are not permitted. You may need to pay the funds into an existing Santander Savings Account or open a Santander Savings Account.

Please note that bonds are not viewable via online banking or on our mobile banking app.

AER stands for Annual Equivalent Rate and shows what the interest rate would be if we paid interest and added it to your account each year. The gross rate is the interest rate we pay before income tax is taken off. P.a. stand for per annum.

Rates and information correct as at 2nd May 2013.