Summary Box - Key Product Information for our Savings Account(s)
Account Name - 1 Year Fixed Rate Bond Issue 265
|Annual Interest||£500 - £2,000,000||1.45%||1.16%||1.45%
|Monthly Interest||£500 - £2,000,000||1.44%||1.15%||1.45%
Tax will be deducted from your interest before it is paid into your account. If you are not a UK taxpayer and want to receive your interest without tax being deducted you will need to provide us with a completed R85 form.
Conditions for bonus payments
No withdrawals or closure permitted prior to Bond Maturity.
Open and operate in branch, agency, online or by post
* Gross is the 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 were paid and compounded once each year.
# Net is the rate of interest payable after the deduction of income tax at the rate specified by law.
Service Charges and Cost Related Charges may apply to your account, these are outlined in our “Tariff of Charges” leaflet, which is available online and in branch.
In certain circumstances we may refuse an instruction to operate an account. These circumstances are outlined on page 5 of the Savings Terms and Conditions.