One Year Fixed Term, Fixed Rate Bond

Earn up to 2.50% gross p.a./AER*A fixed interest rate bond that gives you the peace of mind that the interest rate is fixed for a year.

Summary of the key product features for this account

Summary Box Key Product Information for our Savings Accounts
Account name	One Year Fixed Term, Fixed Rate Bond
Interest rates (AERs)	Interest Tier AER £500 + 2.40% fixed £20,000 + 2.50% fixed
Tax status	Interest is paid net of tax unless you have registered an R85 form
Conditions for bonus payment	There is no bonus payment for this account
Withdrawal arrangements	If you require access to your funds before maturity, the full balance can be withdrawn but you will incur an interest penalty equivalent to 180 days' interest (to be deducted from the capital if necessary). Partial withdrawals are not permitted
Access	Access by post or at one of our branches

• How much can I invest in a bond?
• You can invest anything between £500 and £1,000,000 (£2,000,000 for joint account holders)
• How can I add to this account?
• Further funds may not be added to the bond once opened, but we can open another bond for you (subject to availability)
• What are the withdrawal arrangements?
• If you require access to your funds before maturity, the full balance can be withdrawn but you will incur an interest penalty equivalent to 180 days' interest (to be deducted from the capital if necessary). Partial withdrawals are not permitted
• When is my interest paid?
• Your interest will be paid on maturity
• How can I access this account?
• Access through post, or one of our branches
• Is there any bonus payment for this account?
• There is no bonus payment for this account
• Anything else?
• Shortly before your bond matures, we'll get in touch to ask what you would like to do with your investment
• If we do not receive any instructions from you prior to maturity, your account will automatically switch to a Cashbuild account
• There are no age limits for this account. However, for children under seven years old, a parent or guardian must act as a signatory on the account and the applicant must complete a Young Savers application form
• Please make sure you've read the Your Savings Terms and Conditions and Things You Need to Know leaflets before applying for this account

* The gross rate is the rate before deducting tax at the rate applicable to savings income. The annual equivalent rate (AER) is a notional rate which illustrates the contractual rate (excluding any bonus interest payable) as if paid and compounded on an annual basis.

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