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Fixed Term Bonds

Fixed Terms Fixed Rate Bond Fixed Rate Bond for 1|2|3 World Fixed Rate Bond for Santander Select customers
1 year AER/Gross (Fixed) 0.75% 0.90% 0.90%
2 years AER/Gross (Fixed) 0.95% 1.10% 1.10%

3 Year Fixed Rate Bond - Available exclusively to Santander Select customers

Fixed Terms Fixed Rate Bond for Santander Select customers
3 years AER/Gross (Fixed)  1.50%

Guarantee your interest rate when you save your money for a fixed term.

To apply for a Fixed Rate Bond you must be a UK resident, aged 16 or over and have at least £500 to deposit, up to a maximum of £2 million.

To get a higher rate of interest on your Fixed Rate Bond you must also be a 1|2|3 World or Santander Select customer.

No additional deposits, withdrawals or account closures are permitted. There is no cancellation period on this account.

A Santander 1|2|3 World customer is someone who holds one of our 1|2|3 current accounts, 1|2|3 Credit Card (including additional card holders) or the 1|2|3 Mini Account (in Trust). Trustees are not classed as 1|2|3 World customers. All customers must meet the eligibility for each product and 1|2|3 World offer. Find out more about 1|2|3 World.

To join Santander Select you must have a current account with Santander and meet one of the following criteria: pay your main income of at least £5,000 per month into a Santander current account (excluding transfers from other Santander accounts); or maintain £75,000 in any Santander investment(s), savings or current account; or have a property worth at least £500,000 with a Santander mortgage. Find out more about Santander Select.
 

 

Please read the full product details and terms & conditions before applying.
Other accounts are available; see our savings account range to find out more.

 

From 6 April 2016, you'll receive interest gross, with no income tax deducted. Take a look at our information pages to learn more.

All rates are for bonds opened from 2 June 2016 for balances from £500.

1 and 2 Year Fixed Rate Bonds - available to customers who are not 1|2|3 World or Santander Select customers

Account name 1 Year Fixed Rate Bond 2 Year Fixed Rate Bond
Matures 01.07.2017 02.07.2018
AER/Gross (Fixed) 0.75% 0.95%
Gross rate p.a. (Fixed) if paid annually 0.75% 0.95%
Gross rate p.a. (Fixed) if paid monthly 0.75% 0.95%

 1 and 2 Year Fixed Rate Bonds - available to 1|2|3 World or Santander Select customers

Account name 1 Year Fixed Rate Bond 2 Year Fixed Rate Bond
Matures 01.07.2017 02.07.2018
AER/Gross (Fixed) 0.90% 1.10%
Gross rate p.a. (Fixed) if paid annually 0.90% 1.10%
Gross rate p.a. (Fixed) if paid monthly 0.90% 1.09%

 3 Year Fixed Rate Bond – Available exclusively to Santander Select customers

Account name 3 Year Fixed Rate Bond
Matures 01.07.2019
AER/Gross (Fixed) 1.50%
Gross rate p.a. (Fixed) if paid annually 1.50%
Gross rate p.a. (Fixed) if paid monthly 1.49%

A Santander 1|2|3 World customer is someone who holds one of our 1|2|3 current accounts, 1|2|3 Credit Card (including additional card holders) or the 1|2|3 Mini Account (in Trust). Trustees are not classed as 1|2|3 World customers. All customers must meet the eligibility for each product and 1|2|3 World offer. Find out more about 1|2|3 World.

To join Santander Select you must have a current account with Santander and meet one of the following criteria: pay your main income of at least £5,000 per month into a Santander current account (excluding transfers from other Santander accounts); or maintain £75,000 in any Santander investment(s), savings or current account; or have a property worth at least £500,000 with a Santander mortgage. Find out more about Santander Select.

Your interest rate is fixed when you submit your application. You can make one deposit only into the Fixed Rate Bond when you open it and you can't make withdrawals until the end of the term.

No additional deposits, withdrawals or account closures are permitted. There is no cancellation period on this account.

You can only close the Bond during the fixed term in the event of the death of the account holder.

You can choose to receive monthly or annual interest. Once set, interest will be paid this way for the full term of your Fixed Rate Bond:

  • Monthly interest will be paid on the 1st of every month.

  • Annual interest will be paid on the 1st of the month following account opening and then annually. We'll pay any further interest on maturity.

You will receive your Bond Certificate within 14 days of opening the Bond. You won't receive further statements so please keep this safe for reference. If it's lost or stolen you should report it to us on 0800 9 123 123. Your Bond Certificate will have the specific rates of your bond and your maturity date.

At maturity these products revert to a Fixed Rate Reward Bond.

We'll write to you at least 14 days before the bond term ends to tell you what your options are. We'll let you know what products and rates are available to you so that you can decide what you'd like to do with your money.

If we don't hear from you before the bond term ends, we'll transfer your money into a Fixed Rate Reward Bond. This account allows you to withdraw the full balance in a branch or by telephone. You can transfer the money to another Santander account or receive a cheque.

Fixed term bonds are subject to availability. Rates are fixed and effective from 2 June 2016. 

No withdrawals, closures or additional deposits are allowed during the fixed term of your bond.

When the term ends (at maturity) the money will be transferred into an account which allows you access to your money in branch and over the phone, 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.

If you have further questions about managing your bond account:

Branch
Visit your nearest branch to speak to us.

Telephone Banking
Call us on 0800 9 123 123.

Online Banking
Secure, 24/7 banking. You can view your bond account via online banking.

Everything you need to know before you apply

We recommend reading the information in the documents below before you apply. You may like to save or print them so you can refer to them in the future.

To view these documents, you may need to download Adobe Reader.

Please read full product details and terms & conditions before applying.

You can apply for Fixed Rate Bond if you:

  • are at least 16 years of age

  • are a UK resident

  • have at least £500 to deposit, up to a maximum of £2 million 

To get a higher rate of interest on your Fixed Rate Bond you must also be a 1|2|3 World or Santander Select customer.

A Santander 1|2|3 World customer is someone who holds one of our 1|2|3 current accounts, 1|2|3 Credit Card (including additional card holders) or the 1|2|3 Mini Account (in Trust). Trustees are not classed as 1|2|3 World customers. All customers must meet the eligibility for each product and 1|2|3 World offer. Find out more about 1|2|3 World.

To join Santander Select you must have a current account with Santander and meet one of the following criteria: pay your main income of at least £5,000 per month into a Santander current account (excluding transfers from other Santander accounts); or maintain £75,000 in any Santander investment(s), savings or current account; or have a property worth at least £500,000 with a Santander mortgage. Find out more about Santander Select.

Customers who are not 1|2|3 World or Santander Select customers

1 Year Fixed Rate Bond 2 Year Fixed Rate Bond

Apply now

Apply now

Apply in branch
Find your nearest branch to make an appointment.

Apply by phone
Call us on 0800 092 2212. Lines are open 8am to 9pm Monday-Friday and 8am to 4pm Saturday.
 

For 1|2|3 World and Santander Select customers

1 Year Fixed Rate Bond 2 Year Fixed Rate Bond

Apply now

Apply now

Apply in branch
Find your nearest branch to make an appointment.

Apply by phone
1|2|3 World customers
Call us on 0800 092 2212. Lines are open 8am to 9pm Monday-Friday and 8am to 4pm Saturday.

Santander Select customers
Call us on 0800 032 3323. Lines are open 24 hours a day, 7 days a week.
 

For Santander Select customers exclusively

3 Year Fixed Rate Bond

Apply in branch
Find your nearest branch to make an appointment.
 

Apply by phone
Call us on 0800 032 3323. Lines are open 24 hours a day, 7 days a week.

Rates and information correct as at 2 June 2016.

Frequently asked questions

  • To find your savings interest rate you can use our Interest Rate Finder.

     

    If you hold a Fast Access, SIPP Fast Access, Special Reserve, Cash ISA (TOISA), Retirement Investment Account (ANRIA), Santander Shareholder Account, Treasurers Instant Saver or Charity Investment Account, details of your interest rates can be found here (pdf).

  • We're sorry to hear that you are thinking about closing your savings account or cash ISA. Please call 0800 9 123 123. Lines open 7am to 11pm Monday to Saturday and 8am-10pm on Sundays.

  • Your bond maturity date can be found on the bond certificate that was issued to you when you opened the account.

  • The easiest way to change your address and contact details (including your telephone number and email address) is to do it via Online Banking. It will be changed instantly.

    If you have a joint account you can only change your own name and/or address within Online Banking. If both names and/or addresses need to be changed, both account holders must log on to their own Online Banking and change their own details.

    You can also change it by telephone or in branch.

    1. Online Banking (instant):

      Log on and update your details instantly from within the "My Details & Settings" tab.

      • Choose 'Change personal details' from the left hand menu and then click 'Change address'.

      • Enter your new details (including postcode) and follow the onscreen instructions.

      • Please note: You will need to enter a One Time Passcode (OTP) to complete this change, so make sure you have your mobile phone to hand.

    2. By telephone (for current account and savings customers):

      • Call our Telephone Banking line on 0800 9 123 123. Lines open 7am to 11pmMonday to Saturday and 8am to 10pmSundays.

    3. In branch:

      • Complete a change of details form by

        • Printing off and completing the Change of details form (pdf) *

        • Requesting a copy of the form by calling us on 0800 9 123 123. Lines open 7am-11pm Monday to Saturday and 8am-10pm on Sundays.

        • Collect a form from your local branch.

      • Take the form to your local branch together with relevant account documentation:

        • Your cash card, passbook or certificate and;

        • Signature bearing identification such as a full UK driving licence or valid EEA passport (this includes UK passport).

    If you would like to discuss our identification requirements please call us on 0800 9 123 123 and we will be happy to help. Lines open 7am to 11pm Monday to Saturday and 8am to 10pmSundays.

    Important information for customers with alerts: If you have Account alerts set up on your account and you want these to be sent to your updated telephone number and/or email address, then you will need to amend your alerts via the 'Account Services' tab in Online Banking as they are not automatically updated when you change your details.

    * To open these documents you will need to have Adobe Reader. If you don't already have Adobe Reader you can download it for free

  • Your interest will be paid gross from 6 April 2016

     

    In the 2015 budget, the government announced that from 6 April 2016 a new tax-free personal savings allowance will be introduced.

     

    From 6 April 2016 banks and building societies will start paying interest to you 'gross'. This means we’ll stop automatically taking 20% in income tax from the interest earned on non-ISA savings and current accounts.

     

    This will happen automatically and you don’t need to contact us or do anything. Up to and including 5 April 2016 to register for ‘gross’ interest you would have needed to follow our gross registration process, but from 6 April 2016 there’s no need to do this.

     

    Take a look at our information pages to learn more.

AER explained
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.

Gross rate explained
The gross rate is the interest rate we pay where no income tax has been deducted.

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