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The estimated balance after 12 months based on a deposit of £1000 would be £1,013.50. This estimation assumes that £1000 is deposited on 1 January with no deposit, or withdrawal transactions made and interest subsequently paid gross at 31 December.
This projection is provided for illustrative purposes only and does not take into account your individual circumstances.
You can withdraw your savings on the maturity date.
Part withdrawals are not permitted on a fixed rate bond.
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.
Gross rate is the contractual rate of interest payable before the deduction of income tax at the rate specified by law. We will pay interest at the gross rate. It is your responsibility to declare any interest you earn to HMRC. The Society also has a legal obligation to supply to HMRC with particulars of interest paid.
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.
AER stands for Annual Equivalent Rate and illustrates what the interest rate would be if interest was paid and compounded once each year.
We have no current plans to withdraw this product although it can be withdrawn without notice.
You should read this information carefully in conjunction with our General Savings Terms and Conditions to ensure you understand them.
Upon opening one of these accounts you will automatically become a member and be bound by the Society's Rules, a copy of which is available on request.
The 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. The money will remain in the bond until maturity.
If you require a third party to operate this account on your behalf a Power of Attorney should be in place.
To apply please download the forms below
Download and complete the application form and return it to us by post or to the branch.
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 the 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).
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.
For important information, including Savers General Terms and Conditions and identification, please click below for full details.
We’ve tried to provide all the information you need, but sometimes it helps to ask in person and we’re here to help…