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Fixed Term Bonds

Summary Box

Account name Fixed Rate Bond
What is the interest rate?

Account name/term
 
Maturity date
 
Tier
 
AER/Gross (fixed)
 
Gross per annum (fixed)  
If paid annually  If paid monthly 
1 Year Fixed Rate Bond/12 months  01/01/2018  £500+  0.50%  0.50%  0.50%
2 Year Fixed Rate Bond/24 months  01/01/2019  £500+  0.55%  0.55%  0.55%
Rates for 1|2|3 World or Santander Select customers 
1 Year Fixed Rate Bond/12 months  01/01/2018  £500+  0.70%  0.70%  0.70% 
2 Year Fixed Rate Bond/24 months  01/01/2019  £500+  0.80%  0.80%  0.80% 
Rates for Santander Select customers 
3 Year Fixed Rate Bond/36 months   01/01/2020  £500+  1.00%   1.00%  1.00% 

Interest is calculated daily and can be paid annually or monthly. Once the frequency has been chosen (annual or monthly interest), this can’t be changed.

Annual interest: Paid on 1st of the month following account opening and annually thereafter, including on maturity. Interest can be paid back into your bond or into another Santander or external account.

Monthly interest: Paid on 1st of the month following account opening and on the 1st of each month thereafter. Interest can be paid into another Santander or external account but not back into your bond.

AER is based on funds deposited by 1st January 2017. If you deposit funds after 1st January 2017, the interest you receive may be less than the advertised AER.

Can Santander change the interest rate? No, the interest rate is fixed during the term.
What would the estimated balance be after 12 months, 24 months and 36 months based on a £1,000 deposit?

Account name/term Interest earned  Balance at the end of the term of the account.
1 Year Fixed Rate Bond/12 months  £5.00  £1,005.00
2 Year Fixed Rate Bond/24 months  £11.03  £1,011.03
Estimated balance for 1|2|3 World or Santander Select customers
1 Year Fixed Rate Bond/12 months  £7.00  £1,007.00
2 Year Fixed Rate Bond/24 months  £16.06   £1,016.06
Estimated balance for Santander Select customers
3 Year Fixed Rate Bond/36 months  £30.30  £1,030.30

Estimates assume that the account is opened and deposit is made on the 1st of the month, interest is paid annually and back into account.

At the end of term
We’ll contact you around 14 days before the bond term ends to tell you your options. If we don’t hear from you, we’ll transfer your money into a Fixed Rate Reward Bond, currently paying 0.15% AER/Gross (fixed), with a 0.10% AER/Gross (fixed) bonus at maturity if the account remains open.

Interest is calculated daily and paid at the end of the 12 month term, unless the account is closed earlier. The bonus payment will be calculated for a 12 month term, if you close your account before the term ends you will not be eligible for the bonus.

You can close the account at any time in branch or telephone; no partial withdrawals are permitted.

Estimated balance of the Fixed Rate Reward Bond after 12 months:

Maturing account balance transferring to Fixed Rate Reward Bond Interest earned Fixed Rate Reward Bond balance after 12 months
1 Year Fixed Rate Bond - £1,005.00  £2.51  £1,007.51
2 Year Fixed Rate Bond - £1,011.03  £2.53  £1,013.56
Maturing account name for 1|2|3 World or Santander Select customers
1 Year Fixed Rate Bond - £1,007.00  £2.52  £1,009.52
2 Year Fixed Rate Bond - £1,016.06  £2.54  £1,018.60
Maturing account name for Santander Select customers
3 Year Fixed Rate Bond - £1,030.30  £2.58  £1,032.88

Estimates assume that account remains open for a 12 month term, no further deposits or withdrawals made, interest is paid into the account, no change to interest rates and includes bonus payment.

These illustrations are only examples and don’t  take into account individual circumstances.

How do I open and manage my account? To open the account you must be:
  • a UK resident; and

  • Aged 16 or over.

Two or more people (up to four) may hold a bond in joint names. This account may be opened in trust.

To be eligible for the higher interest rate you must be a 1|2|3 World or a Santander Select customer at point of opening. For joint accounts, at least one person must be either a 1|2|3 World or a Santander Select customer.

Opening

  • Online and Mobile.

  • Call on 0800 032 4264.

  • Visit any Santander branch.

The 3 Year Fixed Rate Bond for Santander Select customers can only be opened in branch or over the telephone.

Deposits
Minimum opening and account balance of £500, maximum of £2 million. Further additions to the initial deposit aren’t allowed.

Manage the account

  • Branch and telephone. View only in Online and Mobile Banking.

  • A certificate will be issued after account opening.

  • You’ll get details of your interest paid each year in April/May.

Can I withdraw money?

No, withdrawals and closures aren’t permitted during the fixed term

Additional information There is no cancellation period on this account. 

 Fixed term bonds are subject to availability. Rates and information correct as at 2 December 2016.

 

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

 

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 December 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.

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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