Fixed Rate Bond 7 Year Term (Series 9)
Please note applications are online only. Access to your account upon successful application is by post or phone.
Available from 31 July 2014
Anticipated closing date 31 August 2014 for all funds†
Maturity date 31 August 2021
Online applications only
Benefits
- Fixed Term Bond
- No withdrawals can be made during the term of the bond
- Fixed maturity date of 31 August 2021
- Interest paid annually on 31 December and at maturity into a nominated bank account
- Statements will be issued annually
- Available to Personal Customers, Business, Charities, Trusts and Societies
- Minimum deposit **£1,000
- Maximum balance ***£1,000,000 for Personal Customers / £2,000,000 Business, Charities, Trusts and Societies
Summary Box Key Product Information for our Savings Account(s) |
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Account name | Fixed Rate Bond 7 Year Term (Series 9)* | |||
Interest rates (AERs) | ||||
Balances in the range(s) | Gross Rate % p.a | Gross A.E.R % | Net Rate % p.a | |
£1,000 - £1,000,000 (Personal) £1,000 - £2,000,000 (Business, Charities, Trusts, Societies) | 3.52 | 3.52 | 2.82 | |
Interest is payable annually on the 31 December, into a nominated bank account and at the date of maturity of the bond. | ||||
Tax status | Interest will be paid after tax deduction at the prevailing rate specified by the law for the current tax year. We will pay interest without deducting tax if we have accepted a relevant HM Revenue and Customs (HMRC) R85 declaration(s). | |||
Conditions for bonus payment | No bonus payment | |||
Withdrawal arrangements |
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Access | Phone /Post |
† If demand exceeds expectation, we may close before this date