Two Year Fixed Rate Bond Launched

13 July 2015

bank

The Society is pleased to announce the launch of a Two Year Fixed Rate Bond which is available to both new and existing customers throughout the UK.

The Two Year Fixed Rate Bond – Issue 3 offers an attractive fixed rate of interest which is fixed for two years. It provides an ideal way to invest money that you wish to see grow, which you do not require access to for a period of two years.

Key Product Information:

• Interest Rate fixed for 2 years:
Annual Interest Option – 1.75% AER/Gross per annum
Monthly Income Option – 1.65% Gross (1.66% AER)

• The minimum investment for annual interest is £2,500, while the maximum investment is £500,000.

• The minimum investment for the monthly income option is £5,000, while the maximum investment is £500,000.

No partial withdrawals are allowed from this bond during the two year fixed rate period. Closure of the bond is not allowed until after the maturity date.

Please click here for full details of the account, including full terms and conditions, or to apply online.


‘AER' stands for Annual Equivalent Rate and illustrates what the interest rate would be if interest was paid and compounded each year. As every advert for a savings product will contain an AER, you will be able to compare more easily what return you can expect from your savings over time.

The 'Gross' rate is the contractual rate of interest payable before the deduction of income tax at the specified rate.


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