Maturity 2 Year Fixed Rate Bond
This is a maturity product, it’s designed to reward you as one of our loyal savings Members, you will benefit from higher rates than the products on sale to new customers. Our Maturity 2 Year Fixed Rate Bond may be right for you if you have a lump sum to invest and can leave your investment untouched for 2 years.
Interest Rate | Balance | Gross* p.a. | AER† | |
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Annual Interest | £500 - £2,000,000 | 0.55% | 0.55% | |
Monthly Interest | £500 - £2,000,000 | 0.55% | 0.55% |
- This product is only available to customers with a maturing Principality account
- Apply in branch, agency, online or by post
- Save from £500 to £2 million
- Interest is calculated on your daily balance and paid annually or monthly
- Additional deposits permitted up to 5 business days after the opening of the account
- No withdrawals allowed before the end of the 2 year term
- No closure permitted prior to maturity
- This product can be withdrawn from sale at any time without notice. While the product remains on sale it is only available to you for 14 days after the date on which your existing Principality account matures
- Summary Box
- Help & guidance
Summary Box | |
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Account Name | Maturity 2 Year Fixed Rate Bond (FRB65) |
What is the interest rate? | AER† Gross* p.a. Fixed annual interest 0.55% 0.55% Fixed monthly interest 0.55% 0.55% Interest is calculated on your daily balance and paid annually on the anniversary of your bond opening or monthly, paid one month after the date on which your bond is opened, and then monthly after that, depending on what you choose. |
Can Principality change the interest rate? | No, the rate on this bond is fixed for 2 years until maturity. |
What would the estimated balance be after 24 months based on a £1,000 deposit? | £1,011.03 (based on the assumption that you chose to have interest paid annually and added to your bond and that no further deposits were made). |
How do I open and manage my account? |
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Can I withdraw money? |
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Additional Information |
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Before you apply below, please read the Maturity 2 Year Fixed Rate Bond (FRB65) 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.
- Savings Terms and Conditions
- Maturity 2 Year Fixed Rate Bond (FRB65) Account Terms and Product Summary Information
- Privacy Policy
Please also read the following:
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- 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
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