1 Year Fixed Rate Bond (Issue 446)
Our 1 Year Fixed Rate Bond may be right for you if you have a lump sum to pay in and don't need to take your money out for one year.
Interest rate | Balance | Gross* each year | AER† | |
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Variable - Without Bonus | £1 - £20,000 | 3.55% | 3.55% | |
Variable - Without Bonus | £1 - £20,000 | 3.55% | 3.55% | |
Variable - With Bonus | £1 - £20,000 | 4.80% | 4.80% | |
Variable - With Bonus | £1 - £20,000 | 4.80% | 4.80% |
- Open this bond in branch, at an agency or online
- Pay in from £500 to £2,000,000
- Add more money to the bond until it is taken off sale
- Choose to have the interest paid once a year or every month
- No withdrawals allowed before the end of the one-year term
- You cannot close this bond early
- We can stop accepting applications at any time
- Summary Box
- Calculate your savings
- Help & guidance
Summary Box | |
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What is the interest rate? | Fixed annual interest 4.45% Gross* each year 4.45% AER† Fixed monthly interest 4.36% Gross* each year 4.45% AER† (See the meanings of ‘Gross’ and ‘AER’ at the bottom of the page) Interest is calculated each day on the money in the account and paid: whichever you choose. |
What is the interest rate? | Fixed annual interest 4.45% Gross* each year 4.45% AER† Fixed monthly interest 4.36% Gross* each year 4.45% AER† (See the meanings of ‘Gross’ and ‘AER’ at the bottom of the page) Interest is calculated each day on the money in the account and paid: whichever you choose. |
What is the interest rate? | Interest rate without bonus 3.55% Tax-free*/AER† (Variable) each year Interest rate with bonus (variable bonus rate of 1.25% included for the first 12 months) 4.80% Tax-free*/AER† (Variable) each year (See the meanings of ‘Tax-free’ and ‘AER’ at the bottom of this page). Interest is calculated each day on the money in the account and paid on 6 April every year. The interest rate you receive will be the rate with bonus for the first 12 months. After 12 months the rate will change to the rate without bonus. We will notify you to remind you before this happens. |
What is the interest rate? | Interest rate without bonus 3.55% Tax-free*/AER† (Variable) each year Interest rate with bonus (variable bonus rate of 1.25% included for the first 12 months) 4.80% Tax-free*/AER† (Variable) each year (See the meanings of ‘Tax-free’ and ‘AER’ at the bottom of this page). Interest is calculated each day on the money in the account and paid on 6 April every year. The interest rate you receive will be the rate with bonus for the first 12 months. After 12 months the rate will change to the rate without bonus. We will notify you to remind you before this happens. |
Can Principality change the interest rate? | No, the rate is fixed for one year until the bond matures (when the account comes to an end). |
Can Principality change the interest rate? | No, the rate is fixed for one year until the bond matures (when the account comes to an end). |
Can Principality change the interest rates? |
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Can Principality change the interest rates? |
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What would the estimated balance be after 12 months based on a £1,000 deposit? | £1,044.50 This is based on you choosing to have interest paid at maturity and added to your bond, and you not making any further payments into the account. |
What would the estimated balance be after 12 months based on a £1,000 deposit? | £1,044.50 This is based on you choosing to have interest paid at maturity and added to your bond, and you not making any further payments into the account. |
What would the estimated balance be after 12 months and 24 months based on a £1,000 deposit? | Estimated balance after 12 months £1,048.00 (interest rate of 4.80% AER includes variable bonus rate of 1.25% tax-free for the first 12 months) Estimated balance after 24 months £1,085.20 (only the underlying interest rate of 3.55% AER is paid for months 13 to 24) This is based on no further money being put in or taken out of the account and no change to the interest or bonus rate. |
What would the estimated balance be after 12 months and 24 months based on a £1,000 deposit? | Estimated balance after 12 months £1,048.00 (interest rate of 4.80% AER includes variable bonus rate of 1.25% tax-free for the first 12 months) Estimated balance after 24 months £1,085.20 (only the underlying interest rate of 3.55% AER is paid for months 13 to 24) This is based on no further money being put in or taken out of the account and no change to the interest or bonus rate. |
How do I open and manage my account? |
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How do I open and manage my account? |
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How do I open and manage my account? |
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How do I open and manage my account? |
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Can I withdraw money? |
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Can I withdraw money? |
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Can I withdraw money? |
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Can I withdraw money? |
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Additional information |
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Additional information |
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Additional information |
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Additional information |
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Savings calculator
- The results displayed were dependent on the information you provided and are for illustrative purposes only and are by no means an indication of being suitable for your individual circumstances.
- The calculations assume interest is paid gross* of income tax on the entire balance on an annual basis
- It has been assumed that no withdrawals or additional deposits would be made from the account during the saving duration, and that the interest rate also remains the same during this time (note that interest rates on variable rate savings account are subject to change, and when fixed rate deals end, there is no guarantee that the same rate will be available in the future).
Before you apply below, please read the 1 Year Fixed Rate Bond Issue 446 Terms & Conditions
As you will be bound by the account terms and your information is held in accordance with our privacy policy, you should read, print and Save the below documents for your records. If you have any queries relating to them please contact us for further information.
- 1 Year Fixed Rate Bond Issue 446 Account Terms and Product Summary Information
- Savings Terms and Conditions
- Privacy Policy
Please also read the following:
- Basic information about the protection of your eligible deposits
- Electronic Verification Guide
- Tariff of Charges
- Your Information
Putting money into your savings account Once you've opened your savings account, for most accounts you should pay money in within 5 business days. Click here for information on how you can do that.