Fixed / Gross*/AER**
For balances over £5,000Find out more
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*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.
We know every penny counts at the moment, as does finding a safe haven for your savings. Which is why our bond offers an attractive rate, guaranteed for two years. Plus, as an independent mutual, Beverley Building Society can provide you with maximum protection for your deposits with us, under the Financial Services Compensation Scheme (FSCS)
This is a limited edition product and we may have to withdraw it at short notice, so if you have a lump sum you’d like to put away from temptation, don’t delay - reserve your funds today.
“Thanks for your interest in our Fixed Rate Bond Issue 02. Our whole ethos is built around trying to help savers in the best – and worst of times.
“The new Bond is the latest example of how we are doing that. And, because we have a very simple business model, the money savers place with us goes directly out to borrowers who are looking for the payment certainty of fixed rate mortgages at the moment.
“So, by opening a Bond, you can feel good that you are helping not just yourself, but others too.”
Karl Elliott, Chief Executive
The Fixed Rate Bond Issue 02
0.75% Gross* / AER** for balances over £5,000.
Interest is calculated daily from date of opening and added to the account annually on 31st December at close of business with the final interest payment credited at maturity.
A monthly interest option is available. The interest rate is reduced by 0.05% for this option. Monthly interest must be credited to a nominated account other than this Fixed Rate Bond and is credited on the last working day of each month.
Yes, all of our interest rates are variable.
Refer to the General Savings Terms & Conditions and the Faster Payment Form & the Framework Contract for Payment Services for full details.
£5,075.28 at the maturity date.
This assumes that annual interest is added to the account.
This figure is for illustration purposes only.
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.
Following the maturity date the total deposit plus any accrued interest will be automatically transferred to the highest paying branch based easy access rate (currently the Instant Access account). 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.
Refer to our General Savings Terms & Conditions and the Faster Payment Form & the Framework Contract for Payment Services for more information on withdrawals.
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 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