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Fixed Term Bonds

Guarantee your interest rate when you save your money in a Fixed Term Bond for up to 2 years.

Fixed Terms: Get a fixed rate (gross AER) from:
2 years 1.40%
1 year 1.10%

 

If you want to benefit from a higher rate of interest, find out more about our 1|2|3 Fixed Term Bonds.

No additional deposits, withdrawals or account closures permitted.

There is no cancellation period on this account.

You can apply for a 1 Year Fixed Term 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.

1 Year Fixed Term Bond – the interest rates:

 

Deposited from Matures Balance Interest at (AER (gross/fixed) Gross rate (fixed)
If paid annually If paid monthly
 02.07.2014  01.08.2015 £500+ 1.10% 1.10% 1.09%

 

If you want to benefit from a higher rate of interest, find out more about our 1|2|3 Fixed Term Bonds.

No additional deposits, withdrawals or account closures permitted.

There is no cancellation period on this account.

You can apply for a 2 Year Fixed Term 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.

2 Year Fixed Term Bond – the interest rates:

Deposited from  Matures  Balance Interest at (AER (gross/fixed) Gross rate (fixed)
If paid annually If paid monthly
 02.07.2014  01.08.2016 £500+ 1.40% 1.40% 1.39%

 

If you want to benefit from a higher rate of interest, find out more about our 1|2|3 Fixed Term Bonds.

No additional deposits, withdrawals or account closures permitted.

There is no cancellation period on this account.

Your interest rate is fixed when you submit your application. You can't make withdrawals until the end of your term.

You can choose to receive monthly or annual interest. Once set, interest will be paid this way for the full term of your Fixed Term 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 can make one deposit only into the Fixed Term Bond when you open it.

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 0845 972 4724. Your Bond Certificate will have the specific rates of your bond.

There is no cancellation period for your Bond.

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

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.

If you are applying online for a Fixed Term Bond we recommend you save and/or print the documents below. You'll need Adobe Acrobat to view them.

We will always notify you in writing if your Terms and Conditions change. The documents below are the current versions.

Please make sure you read the product terms and conditions, including the product factsheet, before you apply.

Bond Online In Branch
Find your nearest branch
By Phone
1 Year Fixed Term Bond  Apply

 Yes

Call us on 0800 092 2212
2 Year Fixed Term Bond  Apply  Yes Call us on 0800 092 2212

 

If you want to benefit from a higher rate of interest, find out more about our 1|2|3 Fixed Term Bonds.

Lines are open 8am to 9pm Monday-Friday and 8am to 4pm Saturday.

Fixed Term Bonds are subject to availability and can be withdrawn from sale without notice at any time.

Rates and information correct as at 2 July 2014.

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 or Charity Investment Account, details of your interest rates can be found here.

     

    If you hold an online savings account, opened with Bradford and Bingley, you can find rate information here.

  • We're sorry to hear that you are thinking about closing your savings account or cash ISA. Please call 08459 724 724. 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.

     

    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 08459 724 724. Lines open 7am to 11pm Monday 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 *

      • Requesting a copy of the form by calling us on 08459 724 724. 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 08459 724 724 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 
     

     

  • If you are eligible for gross interest because you are a non-taxpayer, then registering for gross interest is simple. Simply speak to a member of staff by visiting your local branch or calling 0845 609 0014.

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 before income tax is taken off.

Net rate explained
The net rate is the interest rate we pay after deduction of income tax at the rate specified by law (currently 20%). Interest is paid net of basic rate income tax unless you register to receive interest gross.

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