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  • Fixed rate bond [issue 108] to 31st October 2019

    • Overview
    • Interest Rates
    • How to Apply
    Full Details
    • Account name

      Issue 108 fixed rate bond maturing 31 October 2019

    • What is the interest rate?

      £1,000   1.25% gross pa / AER

    • Can Buckinghamshire Building Society change the interest rate?

      No. Interest is fixed for the term of the account.

    • What would be the estimated balance after 12 months based on a £1,000 deposit?

      The estimated balance after 12 months based on an initial deposit of £1,000 would be £1,012.50.

      This estimation assumes that £1,000 is deposited on 1 January with no deposit or withdrawal transactions made and interest subsequently paid gross on 31 December. These figures are for illustrative purposes only.

    • How do I open and manage my account?

      You need a minimum of £1,000 to open this account and you can invest up to a maximum of £500,000. The account can be opened either in person or by post.

      Accounts can be opened in single or joint names. For joint acounts, both parties are required to sign for transactions.

      This is a limited edition bond and may be closed at any time, at which point further investments will not be permitted.

      The money will remain in the bond until maturity.

    • Can I withdraw money?

      No. There is no access to your money until maturity on 31 October 2019.

      See the product leaflet for the full details.

    • Additional information

      Interest will be paid into the account on maturity of the bond.

    Effective: 01 October 2018
    Balance Gross PA/AER
    £1,000 1.25%
    Previous rates effective: n/a
    Gross PA/AER

    Limited Edition Bond

    To Open an Account

    Download and complete the application form and return it to us by post or to the branch.

    Financial Services Compensation Scheme (FSCS)

    You must read the Information Sheet which gives all the details of the FSCS and how you are covered.

    The FSCS is the UK's statutory fund of last resort for customers of financial services firms. This means that FSCS can pay compensation to consumers if a financial services firm is unable, or likely to be unable, to pay claims against it. The FSCS is an independent body, set up under the Financial Services & Markets Act 2000 (FSMA).

    Verifying your Identity

    In order to help you to keep your money safe from fraud we verify the identity of all customers opening a new savings account with the Society. Click here to see the list of required ID documents.

Limited Edition

*AER stands for Annual Equivalent Rate and illustrates what the interest rate would be if interest was paid and added each year, and has been rounded to 2 decimal places. Gross interest is the rate payable to you. We will not take tax off the interest you earn. It is your responsibility to declare any interest you earn over your personal savings allowance directly to HMRC.

How much can I save?

You need a minimum of £1,000 to open these accounts and can save up to a maximum of £500,000.

What do I need to know before opening an account?

These are limited edition bonds. They may be closed at any time, at which point further investments will not be permitted.
You can operate an account in single or joint names.
The account may not be operated by a third party unless a Power of Attorney is in place.
These bonds cannot be operated by an adult on behalf of a child unless a Power of Attorney is in place. A child aged 7 or over may operate an account themselves.
These accounts are open to UK residents only.

How can I take my money out?

There is no access to your money until maturity on 31 October 2019. Part withdrawals are not permitted on fixed rate bonds.
 
On maturity you can transfer into one of our other accounts, subject to the Terms and Conditions of that account.

The Society will contact you before the maturity date to provide you with options. If you do not reply by the maturity date, we will transfer your maturing balance into our Chiltern Easy Access account to await your instructions.

Can I cancel?

Our standard 14 day cancellation period does not apply to Fixed Rate Bonds, so you cannot change your mind once the account is open and the application has been accepted.

Tax Residency

We do not open accounts for any individual who has a foreign tax residency, even though they may also hold UK tax resident status.

How will my interest be paid?

The interest rates are fixed for the term of the account.  Interest will be paid annually on maturity into the account.

Gross interest is the rate payable to you. We will not take tax off the interest you earn. It is your responsibility to declare any interest you earn over your personal savings allowance directly to HMRC.

  • Basic rate taxpayers can earn up to £1,000 interest on savings tax free.
  • Higher rate taxpayers can earn up to £500 interest on savings tax free.
  • Additional rate taxpayers will pay tax on all savings interest earned.

53633

Limited Edition

*AER stands for Annual Equivalent Rate and illustrates what the interest rate would be if interest was paid and added each year, and has been rounded to 2 decimal places. Gross interest is the rate payable to you. We will not take tax off the interest you earn. It is your responsibility to declare any interest you earn over your personal savings allowance directly to HMRC.

How much can I save?

You need a minimum of £1,000 to open these accounts and can save up to a maximum of £500,000.

What do I need to know before opening an account?

These are limited edition bonds. They may be closed at any time, at which point further investments will not be permitted.
You can operate an account in single or joint names.
The account may not be operated by a third party unless a Power of Attorney is in place.
These bonds cannot be operated by an adult on behalf of a child unless a Power of Attorney is in place. A child aged 7 or over may operate an account themselves.
These accounts are open to UK residents only.

How can I take my money out?

There is no access to your money until maturity on 31 October 2019. Part withdrawals are not permitted on fixed rate bonds.
 
On maturity you can transfer into one of our other accounts, subject to the Terms and Conditions of that account.

The Society will contact you before the maturity date to provide you with options. If you do not reply by the maturity date, we will transfer your maturing balance into our Chiltern Easy Access account to await your instructions.

Can I cancel?

Our standard 14 day cancellation period does not apply to Fixed Rate Bonds, so you cannot change your mind once the account is open and the application has been accepted.

Tax Residency

We do not open accounts for any individual who has a foreign tax residency, even though they may also hold UK tax resident status.

How will my interest be paid?

The interest rates are fixed for the term of the account.  Interest will be paid annually on maturity into the account.

Gross interest is the rate payable to you. We will not take tax off the interest you earn. It is your responsibility to declare any interest you earn over your personal savings allowance directly to HMRC.

  • Basic rate taxpayers can earn up to £1,000 interest on savings tax free.
  • Higher rate taxpayers can earn up to £500 interest on savings tax free.
  • Additional rate taxpayers will pay tax on all savings interest earned.

Further Information

To Open an Account

Download and complete the application form and return it to us by post or to the branch.

Financial Services Compensation Scheme (FSCS)

You must read the Information Sheet which gives all the details of the FSCS and how you are covered.

The FSCS is the UK's statutory fund of last resort for customers of financial services firms. This means that FSCS can pay compensation to consumers if a financial services firm is unable, or likely to be unable, to pay claims against it. The FSCS is an independent body, set up under the Financial Services & Markets Act 2000 (FSMA).

Verifying your Identity

In order to help you to keep your money safe from fraud we verify the identity of all customers opening a new savings account with the Society. Click here to see the list of required ID documents.