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2 Year Fixed Rate Bond (66th issue)

Interest Rate

4.25%
(AER1/Gross2)
This account could be right for you if...
  • You want a fixed rate of interest
  • You have a minimum of £500 to open the account
  • You want to manage the account in branch or through the post
Some things you need to bear in mind
  • You will not be able to withdraw your money until the end of the fixed rate period
  • The interest rate will stay the same even if other interest rates go up
  • Once the product is no longer available to new savers, you cannot add further funds

Interest Rate

4.25%
(AER1/Gross2)

Summary Box

Is there anything more I should know?

Our General Account Terms and Conditions, which is available to download from our website, provides full details of the terms and conditions applied to this and other accounts offered by us.

Where there is a conflict between information displayed on the product and the General Account Terms and Conditions, the terms of the product will apply.

The General Account Terms and Conditions are provided to all new account holders and are also available on request.

How do I apply?

You can send your application form through the post or visit one of our branches to speak to a member of staff who will be able to talk you through the application process.

In common with other financial organisations we will need evidence of identification and proof of residency to help guard against financial crime. These requirements apply to every individual and to all named account holders.

Please see the You and Your Savings Account leaflet for details of the documents that can be provided.

Can I cancel if I change my mind?

If you change your mind about your choice of account, you may cancel it within 14 days of the day the account is opened or the day on which you receive the terms and conditions of the account and other information on paper or electronically, whichever is later.

We will help you switch to another of our accounts or we will give you all your money back with any interest it has earned. We will ignore any notice period and any penalties relating to withdrawals or closure of the account.

Charitable Assignment

All new customers opening a savings account will be required to sign a declaration agreeing to assign any windfall conversion benefits to the Charities Aid Foundation. This assignment will apply for the first 5 years of membership. Existing members with continuous membership prior to the effective date are not affected. Our Charitable Assignment Scheme leaflet provides full details.

Authorised Push Payment (APP) Fraud – Your Rights to Reimbursement

Authorised push payment (APP) fraud happens when you are tricked by a criminal into sending money by bank payment to an account that they control and which you do not.

From 7th October 2024, under the APP Fraud Reimbursement Rules, victims of APP fraud have rights relating to the reimbursement of money lost as part of an APP fraud. The rules cover payments made within the UK that are made using Faster Payment or CHAPS.

You can find out about your rights to reimbursement from our website or by picking up a leaflet from out branches.

If you think you’re a victim of APP Fraud, you must report it to us ASAP and you can make a claim online, by visiting us in branch or calling us on 01623 676350. Lines are open, Mon-Fri, 9am-4.30pm (Weds from 10am) and Saturdays, 9am-12 noon.

Definitions

1. AER stands for Annual Equivalent Rate and illustrates what the interest rate would be if interest was paid and added to each year. AERs on the Monthly Income accounts assume interest is added to the account each month although in practice the option to have interest added in this way is not available.

2. The gross rate is the contractual rate of interest payable without tax taken off.
If separate AER/Gross rates are not quoted, both rates are identical.

^Tax free means you won’t pay UK tax on any income or capital gains your ISA makes.

Our savings accounts are exclusively available to UK Residents only.

These account details apply to personal investors only unless stated in the detailed information.

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