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 400)

    Interest rate:

    0.50% Gross p.a./AER fixed

    The term is fixed until 31 August 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 (31 August 2021).
    • Withdrawals: No withdrawals are permitted until the day after maturity (01 September 2021). You can't close your account until the day after maturity (01 September 2021).

    The account is limited issue. Once the account is open, you can make deposits up to and including 31 August 2020. 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 401)

    Interest rate:

    0.60% Gross p.a./AER fixed

    The term is fixed until 31 August 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 31 August (commencing 31 August 2021) and on maturity (31 August 2022).
    • Withdrawals: No withdrawals are permitted until the day after maturity (01 September 2021). You can't close your account until the day after maturity (01 September 2021).

    The account is limited issue. Once the account is open, you can make deposits up to and including 31 August 2020. After this date the account may be closed for further deposits at any time and without notice.

    Full details
  • 4 Year Income Bond (Issue 60)

    Interest rate:

    0.75% Gross p.a./AER fixed

    The term is fixed until 01 September 2024

    • 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 is paid monthly on the last working day of the month and on maturity (01 September 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 (02 September 2021). You can't close your account until the day after maturity (02 September 2021).

    The account is limited issue. Once the account is open, you can make deposits up to and including 31 August 2020. 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 402)

    Interest rate:

    0.85% Gross p.a./AER fixed

    The term is fixed until 31 August 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 31 August (commencing 31 August 2021) and on maturity (31 August 2025).
    • Withdrawals: No withdrawals are permitted until the day after maturity (01 September 2021). You can't close your account until the day after maturity (01 September 2021).

    The account is limited issue. Once the account is open, you can make deposits up to and including 31 August 2020. After this date the account may be closed for further deposits at any time and without notice.

    Full details