Savings Bonds

Our limited-edition Savings Bonds pay a fixed rate of interest for a fixed term, making them ideal for lump sum deposits. We offer various Savings Bonds with varying terms.

Our Bonds offer different rates, depending on the term.

The rate is fixed for the term of the Bond, so you know exactly how much interest you’ll get back when the Bond matures.

You can see all our interest rates here.

You can open a Savings Bond in one of our Relationship Centres, or if it’s easier for you, you can download an application form and send it to us with a cheque for your initial deposit and proof of ID. Please read our Proof of ID checklist for details of ID we can accept.

The minimum opening balance is £500 up to a maximum of £1,000,000. Additional funds can only be deposited in the 14 days after the Bond is opened. After the first 14 days, no further funds can be deposited during the term.

No withdrawals are permitted during the fixed rate period. When the Bond matures, you can withdraw your maturing funds or transfer some, or all, of your funds to a new Bond.

No, your funds need to remain in the Bond until it matures. Our Bonds are offered on a first-come, first-served basis and can be withdrawn once the subscription is full. If we receive your application after the Bond is fully subscribed, we’ll contact you for further instructions.

The deposits in your Bond are protected by the Financial Services Compensation Scheme, the UK’s deposit guarantee scheme.

If your bank or building society fails and can’t pay back your money, FSCS can automatically pay you compensation:

• up to £85,000 per eligible person, per bank, building society or credit union.

• up to £170,000 for joint accounts.

Find out more by visiting fscs.org.uk