Savings with certainty

Interest is calculated daily and may be visible on your account from the 24th of the month. This won’t be available to you until the due date of the last working day of the applicable month.

Interest can be added to this bond or paid to your bank account. Once added to the account, interest becomes subject to the same withdrawal conditions as the capital.

*Interest is paid without tax deducted. Some savers will be required to pay tax on savings interest; this should be arranged directly with HMRC through your tax return.

**AER stands for Annual Equivalent Rate and illustrates what the interest rate would be if interest was paid and added once each year.

This account has a fixed rate of interest from the date the account is funded until the maturity date.

£10,857.64

This projection is for illustrative purposes only.

This would be the balance after 24 months, assuming the interest earned is added to the account.

You can open the account via post or in branch and manage the account online and in branch.

Accounts are available to UK organisations only.

You must fund the account within ten calendar days of opening. You can fund the account multiple times during this period.

Signatories must be permanent UK residents and aged 18 or over. The organisations nominated bank account must be a UK bank.

You can pay into your account by electronic payment or cheque. Once opened, no additional investments are allowed.

The minimum balance is £10,000 and the maximum balance is £500,000 per business.

Organisations may hold more than one of these accounts but the maximum holding across all accounts with the Society is £500,000 per business.

There is no cooling off period for this account type.

On maturity the account changes to our current easy access account and interest rate, or the nearest equivalent if this account is no longer available, without further notification.

Withdrawals can only be made at or post maturity and must be to the Nominated Bank account we hold.

Your funds will be available on the first working day following maturity.

We will contact you at least two weeks before maturity with details of your options.

This product may be withdrawn from sale at any time without notice.

We reserve the right to close your account and return the funds to you.

In the event of any apparent conflict between these Terms and Conditions and the General Savings Terms and Conditions, these Product Terms and Conditions take precedence.

We are covered by the Financial Services Compensation Scheme (FSCS). The FSCS can pay compensation to depositors if a building society is unable to meet its financial obligations.