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Fixed Rate Bond Issue 145 maturing on 31 May 2024

  • Fixed interest until maturity 31 May 2024
  • Save from £1,000 to £500,000
  • Summary
  • Important InformationInfo
  • How to Apply
  • Account Name

    Fixed Rate Bond Issue 145 maturing on 31 May 2024
  • What is the interest rate?

    £1,000 + 1.30% Gross PA/AER

    Interest is calculated daily and paid annually at 31 December and on maturity on 31 May 2024 into this account or a nominated account as stated on your application form. 

  • 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 deposit of £1,000?

    The estimated balance after 12 months based on a deposit of £1000 would be £1,013.00. 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.

  • How do I open and manage my account?

    • You can open an account with a minimum of £1,000.
    • You can pay money in while the issue is still open up to a maximum of £500,000.
    • The account can be opened in person or by post and deposits can be made in person, by cheque payable to the account holder or by bank transfer.
    • Accounts can be opened in single or joint names.
    • We do allow a child over the age of 7 to open an account provided they do so in their own name.
    • We do not open accounts for any individual who has a foreign tax residency, even though they may also hold UK tax resident status.
    • Once we have opened the account, you can also register to check your account online. Simply go to the mybbs tab on our website and follow the instructions.
  • Can I withdraw money?

    • You can withdraw your savings on the maturity date.
    • Part withdrawals and early closure 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.
  • Additional Information

    • 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.

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.

Fixed rate bond application form

Financial Services Compensation Scheme

Identification Requirements

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

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).