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 | 1|2|3 World and Santander Select customers are eligible for a preferential rate. See below for more information. |
Summary Box
| Account name | Fixed Rate Bond | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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| What is the interest rate? |
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 1 January 2019. If you deposit funds after 1 January 2019, 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? |
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 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:
Estimates assume account remains open for a 12 month term, no further deposits or withdrawals made, interest is paid into the account 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:
Two or more people (up to four) may hold a bond in joint names. This account may be opened in trust. For accounts opened in trust for children aged under 13, the trustee must be a UK resident, aged 18 or over and have parental responsibility for the child. 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
The 3 Year Fixed Rate Bond for Santander Select customers can only be opened in branch or over the telephone. Deposits
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| 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. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Subject to availability and may be withdrawn without notice. Rates and information correct as at 3 December 2018.
| 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.
Mobile Banking
Bank from anywhere using our apps. For more information find out more
You can see the interest rate on your Bond account in the mobile app - just click on the account when you're in the app.
Watch our Mobile Banking videos to learn more
Need a helping hand? Use Send Me the Link to send yourself our mobile apps, videos, guides, & factsheets
Send me the link allows you to send yourself links for our mobile apps, videos, guides, & factsheets which can help you with your Online & Mobile Banking needs. Access Send Me the Link here.
Protect yourself from fraud
It’s very important that you keep your banking details private and secure.
For more information about our approach to security as well as more useful information to help you stop the threat of fraud visit our Security Centre.
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, Select Current Account, 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. Please note that the 1|2|3 Credit Card is no longer on sale.
To join Santander Select you must have a Select Current Account and meet one of the following criteria: pay your main income of at least £5,000 per month into a Select Current Account (excluding transfers from other Santander accounts), or keep £75,000 in any Santander investment(s), savings or current account. 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 in branch
Find your nearest branch to make an appointment.
For 1|2|3 World and Santander Select customers
| 1 Year Fixed Rate Bond | 2 Year Fixed Rate Bond |
|---|---|
Apply in branch
Find your nearest branch to make an appointment.
Santander Select customers
Call us on 0800 032 3323. Lines are open 24 hours a day, 7 days a week.
For Santander Select customers
| 3 Year Fixed Rate Bond |
|---|
| Apply in branch Apply by phone |
Rates and information correct as at 3 December 2018.
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.
Santander UK plc. Registered Office: 2 Triton Square, Regent's Place, London, NW1 3AN, United Kingdom. Registered Number 2294747. Registered in England and Wales. www.santander.co.uk. Telephone 0800 389 7000. Calls may be recorded or monitored. Authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority. Our Financial Services Register number is 106054. You can check this on the Financial Services Register by visiting the FCA’s website www.fca.org.uk/register. Santander and the flame logo are registered trademarks.
