1 Year Regular Saver Bond

Our 1 Year Regular Saver Bond Issue 17 may be right for you if you have a regular amount to invest each month and can leave your investment untouched for a year.

  • Save online, in branch or by post
  • Save up to £500 a month for one year
  • Interest is calculated on your daily balance and paid on maturity
  • Multiple deposits are permitted up to the monthly maximum
  • No withdrawals allowed before the end of the 1 year term
  • Early closure permitted, however you won't receive the advertised interest rate 
  • Only one Bond per person
  • Limited availability

Product details

Account name - 1 Year Regular Saver Bond Issue 17

  Interest rate Gross* p.a. AER†
Fixed 2.00% 2.00%
A Regular Saver Bond is an excellent way to grow your savings over 12 months

If you are looking to save for a big purchase or want to start building your savings a Regular Saver Bond is ideal. Your initial minimum investment must be £20 and you can save up to £500 a month. You can also vary how much you pay in and make more than one payment a month. Once you’ve opened your Regular Saver Bond and made an initial investment, you are not obliged to pay into the account every month unless you choose to.


Interest is calculated on your daily balance and paid on maturity

Your interest is calculated daily on the daily balance, so each investment will earn interest from the day it is made (or the second working day following deposit for cheques). Your interest will be added to your Bond on maturity.


Invest £300 a month to earn £39 gross* interest

If you make a £300 cash investment each month into a 1 Year Regular Saver Bond, on the same date as your Bond was opened, you will earn £39 gross* interest at Bond maturity. In comparison, if you make a £3,600 lump sum investment into a 1 Year Fixed Rate Bond on the same date as your Bond was opened you will earn £63 gross* interest at Bond maturity.


No withdrawals are permitted

You cannot make any withdrawals from your Bond. However, if you decide to close your Bond early the interest you will receive will be calculated at the rate of our Instant Access Account or nearest equivalent available.


Once your Bond has matured you'll get instant access to your money

On maturity the balance of your Bond will be transferred to our Instant Access Account or it's nearest equivalent available. Before your Bond matures we will write to you to let you know what other accounts we can offer you.


Service Charges and Cost Related Charges may apply to your account, these are outlined in our Tariff of Charges.
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.

Summary information

Summary Box - key product information for our savings account(s)

Account name - 1 Year Regular Saver Bond Issue 17

  Interest rate Gross* p.a. AER†
Fixed 2.00% 2.00%

Interest rate fixed for 1 year and then reverts to our Instant Access Account.

Tax status
Interest will be paid gross, which means interest is paid to you without tax being deducted from it. If the total amount of interest you earn exceeds your Personal Savings Allowance then you may have to pay tax directly to HM Revenue and Customs. For more information please refer to our handy guide to the Government’s new changes to tax-free savings or visit www.gov.uk and search ‘Personal Savings Allowance’.

Conditions for bonus payments
Not applicable.

Withdrawal arrangements
No withdrawals permitted before Bond maturity. If you close your account, you will receive interest at a rate equivalent to our Instant Access Account.

Access
You can open and operate your account in branch, online or by post.

Service Charges and Cost Related Charges may apply to your account, these are outlined in our Tariff of Charges.
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.

Help & guidance

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Terms & conditions

1 Year Regular Saver Bond Issue 17 Terms & Conditions

As you will be bound by the Account Terms of the account, you must read them. If you do not understand any of the terms and conditions please contact us for further information.

We recommend that you print and keep a copy of these terms and conditions for your records.

Please also read the following:

  • 6th largest UK building society
  • A mutual building society, owned by and run for the benefit of our 500,000 members
  • Over 150 years experience
  • Taking care of over £8 billion of our customers' assets

* 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.


savings

1 Year Regular Saver Bond Issue 17