Bonds

Invest for the future with lump sum deposits to make the most of higher interest rates. Choose from a range of terms and benefit from the higher interest rates that locking away your money or making lump sum deposits can bring.

If the balance falls below the minimum operating balance, the basic savings rate of interest, which is currently 0.05% Gross p.a./AER (variable), shall apply.

 

  • 1 Year Fixed Rate Bond (Issue 372)

    Interest rate:

    1.10% Gross p.a./AER (fixed)

    The term is fixed until 3 January 2021

    • Minimum operating balance: £100.
    • Maximum balance: £1,000,000, £2,000,000 for joint accounts, plus accrued interest credited to the account.
    • Interest paid: calculated daily and paid on maturity (3 January 2021).
    • Withdrawals: No withdrawals are permitted until the day after maturity (4 January 2021). You can't close your account until the day after maturity (4 January 2021).

    The account is limited issue. Once the account is open, you can make deposits up to and including 31 December 2019. After this date the account may be closed for further deposits at any time and without notice.

    Full details
  • 1 Year Income Bond (Issue 2)

    Interest rate:

    1.09%

    Gross p.a.

    1.10%

    AER† (fixed)


    The term is fixed until 3 January 2021

    • Minimum operating balance: £100.
    • Maximum balance: £1,000,000, £2,000,000 for joint accounts.
    • Interest paid: calculated daily and is paid monthly on the last working day of the month and on maturity (3 January 2021). Depending on what date in the month you deposit your initial funds, you may not receive your first interest payment until the last working day of the following month.
    • Withdrawals: No withdrawals are permitted until the day after maturity (4 January 2021). You can't close your account until the day after maturity (4 January 2021).

    The account is limited issue. Once the account is open, you can make deposits up to and including 31 December 2019. After this date the account may be closed for further deposits at any time and without notice.

    Full details
  • 2 Year Fixed Rate Bond (Issue 373)

    Interest rate:

    1.25% Gross p.a./AER (fixed)

    The term is fixed until 3 January 2022

    • Minimum operating balance: £100.
    • Maximum balance: £1,000,000, £2,000,000 for joint accounts, plus accrued interest credited to the account.
    • Interest paid: calculated daily and paid annually on 3 January (commencing 3 January 2021) and on maturity 3 January 2022.
    • Withdrawals: No withdrawals are permitted until the day after maturity 3 January 2022. You can't close your account until the day after maturity (3 January 2022).

    This account is limited issue. Once the account is open, you can make deposits up to and including 31 December 2019. After this date the account may be closed for further deposits at any time and without notice.

    Full details
  • 4 Year Income Bond (Issue 50)

    Interest rate:

    1.40% Gross p.a.

    1.41% AER† (fixed)

    The term is fixed until 2 January 2024

    • Minimum operating balance: £100.
    • Maximum balance: £1,000,000, £2,000,000 for joint accounts.
    • Interest paid: calculated daily and is paid monthly on the last working day of the month and on maturity (2 January 2024). Depending on what date in the month you deposit your initial funds, you may not receive your first interest payment until the last working day of the following month.
    • Withdrawals: No withdrawals are permitted until the day after maturity (3 January 2024). You can't close your account until the day after maturity (3 January 2024).

    The account is limited issue. Once the account is open, you can make deposits up to and including 31 December 2019. After this date the account may be closed for further deposits at any time and without notice.

    Full details
  • 5 Year Fixed Rate Bond (Issue 374)

    Interest Rate

    1.50% Gross p.a./AER (fixed)

    The term is fixed until 1 January 2025

    • Minimum operating balance: £100.
    • Maximum balance: £1,000,000, £2,000,000 for joint accounts, plus accrued interest credited to the account.
    • Interest paid: calculated daily and paid annually on 1 January (commencing 1 January 2021) and on maturity 1 January 2025.
    • Withdrawals: No withdrawals are permitted until the day after maturity 2 January 2025. You can't close your account until the day after maturity (2 January 2025).

    The account is limited issue. Once the account is open, you can make deposits up to and including 31 December 2019. After this date the account may be closed for further deposits at any time and without notice.

    Full details