Next Steps:
To request an application pack to open a new account:
Key Account Features
3.80% Gross*/AER** 3.04% Net^
- Available by post or telephone.
- Interest rate guaranteed for the full term of the Bond.
- Interest is calculated daily and added to the Bond on each anniversary and at maturity.
- The same rate is offered regardless of the amount deposited.
- A minimum lump sum of £1000 is required, to a maximum of £2m per applicant.
- Statements are issued on anniversary and on maturity of the Bond.
- Additional deposits are not permitted after opening your Bond.
- Early withdrawals are only permitted in exceptional circumstances at the Bank's discretion and are subject to an interest charge.
Eligibility
Personal customers only.
Call us on 0845 455 22 22
(8am - 8pm Monday to Friday excluding bank holidays)
*Gross stands for contractual rate of interest payable before the deduction of income tax at the rate specified by law.
**AER stands for Annual Equivalent Rate and illustrates what the interest rate would be if interest was paid and compounded once each year.
^Net rates are the contracted rates of interest payable after deduction of income tax at the basic rate (currently 20% at 28 October 2011).
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