Setting cash aside for a rainy day is a great habit to get into, and our regular savings account is designed to help you save up for that dream holiday, wedding or home improvement. Our customers tell us they like the ability to earmark their savings for specific purposes, and the fact this account comes with limited access helps them avoid the temptation of dipping in. This may be ideal for you if you can commit to saving each month, with only one withdrawal per calendar year. And the interest rate isn’t bad either!
The Society is required by the Financial Conduct Authority to provide you with certain key information about this account in the form of a Summary Box. You should read this to enable you to make an informed decision and compare our product with those of other providers. Below, you have the option to download and print or save the full summary box, view elements of it one-by-one, or expand the accordion further down this page and view the full product details in one go.
This might suit you if
Online Account
- You would like the option to operate this account online only
- You would like to lock your funds away for a 2-year period
- You are looking to fix your interest rate
- You are happy to receive annual interest
- You do not want a passbook
- You do not require a Power of Attorney to run your account
Branch Account
- You would like to operate this account in branch or through post
- You would like to lock your funds away for a 2-year period
- You are looking to fix your interest rate
- You would like the option of receiving your interest monthly, to top up your income
- You’d like a passbook to monitor your savings offline
- You may require a Power of Attorney to run your account
Fixed Rate Bond Issue 13
3.70%
Gross*/AER** Fixed
5 star service. Voted for by our members
*Gross rate – the contractual rate of interest to be paid on a savings account without any deduction being made in respect of potential tax liability. **AER – stands for Annual Equivalent rate and illustrates what the interest rate would be if interest was paid and compounded once each year.*** Every subscription must be received during the relevant calendar month and the account must remain open at 31 December in order to receive the bonus payment.
Need to discuss your circumstances? We’re here to listen.
To speak to a member of our friendly team about your requirements
Summary Box
Fixed Rate Bond Issue 13
| Annually – For balances £5,000+ | 3.70% Gross* /AER** |
| Monthly – For Balances £5,000+ | 3.65% Gross* /AER** |
Interest is accrued daily and added once a year on 31st December at close of business.
No, the interest rate is fixed until the maturity date.
Following the maturity date (2 years from the date of opening) the total deposit plus any accrued interest will be automatically transferred to the highest paying branch based easy access rate (currently the Variable Instant Access account).
Refer to the General Savings Terms & Conditions and the Framework Contract for Payment Services for full details.
| £5,376.66 (Assuming interest paid back into the account) | 3.70% Gross* / AER** |
|
£5,000 (Total monthly interest paid in 24 instalments over 24 months would be £365.00) |
3.65% Gross* / AER** |
Available to UK Residents and UK Tax Residents. More than one Fixed Rate Bond can be held by any one member. No minimum or maximum age restrictions apply to this account.
Complete the application form, relevant declaration(s) and provide necessary identification then forward together with the deposit (payable to the account holder/s) to the Society’s office.
The minimum opening deposit is £5,000. No further deposits are allowed. The opening deposit must be a single transaction unless formally agreed with the Society before an account application is submitted.
This account can be opened and managed in branch. Please contact the Society for information regarding Third Party Assistance.
Early closure and withdrawals are not permitted from this account.
The account can be closed without notice in the event of death being registered with the Society for any party to the account.
Unless you advise us of an alternative preferred contact method, the Society will write to you 14 days before the maturity date detailing the options available to you at that time, which include a full or partial withdrawal. Funds will be made available the next working day following maturity.
This product may be withdrawn at any time without notice.
*Gross rate – the contractual rate of interest to be paid on a savings account without any deduction being made in respect of potential tax liability.
** AER – stands for Annual Equivalent Rate and illustrates what the interest rate would be if interest was paid and compounded once each year.
