3 Year Tracker Bond (Issue 2)
| Summary Box Key Product Information for our Savings Accounts |
|
Account Name |
Three Year Tracker Bond (Issue 2) |
Interest Rates (AERs) |
Interest is paid anually on 31st December each year and at maturity. Interest rate is variable and will be 2.25% above the Bank of England Base Rate for the 3 year term. The rate of interest will be amended on 1st of the month following the Bank of England base rate change. Upon maturity, funds are transferred to an instant access account. For current rates, please refer to interest rate leaflet. |
Tax Status |
If you are entitled to receive interest without paying income tax, fill in an Inland Revenue Form R85. You can obtain one from the Society. If you don’t know whether you can obtain interest without paying tax, ask your nearest Tax Enquiry Centre or Tax Office. If you are investing on behalf of an organisation which qualifies for gross interest, please ask for a special declaration form. |
Conditions for bonus payments |
No Bonus Payment. No further deposits allowed. Minimum investment: £500.00 Maximum investment: £100000.00 |
Withdrawal arrangements |
No withdrawals are permitted. In exceptional circumstances and subject to executive approval, withdrawals may be permitted subject to 6 months penalty interest. |
Access |
By branch or post. |
Terms are as follows:
Minimum Investment |
New Investors: £500.00 |
Maximum Investment |
£100,000 |
Interest Rate (Variable) |
2.75% GROSS/AER |
Term |
3 years from inception |
Interest Paid |
31st December annually & on maturity |
