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Call: 01494 879500

Issue 56 Fixed Rate SME Bond Maturing on 31st March 2025

On maturity 4.25% Gross pa/AER

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  • Summary Back Copy 2
    • What is the interest rate?

      4.25% Gross pa / AER

      Interest is calculated daily and paid into this account on maturity, 31st January 2025.

    • Can Buckinghamshire Building Society change the interest rate?

      No, interest is fixed for the term of the account.

    • What would be the estimated balance at the end of the fixed term based on a deposit of £1,000?

      The estimated balance at the end of the fixed term based on a deposit of £1,000 would be £1,045.64.

      This estimation assumes that:

       - £1,000 is deposited on opening the account.
       - No additional deposits or withdrawals are made.
       - Interest is paid on maturity and added to the account.

      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?

      • These are limited edition bonds that may be closed at any time, at which point further investments will not be permitted.
      • The minimum balance is £1,000 and you can save up to a maximum of £750,000.
      • Accounts are available to UK organisations only.
      • We do not open accounts where any individual signatory has a foreign tax residency, even though they may also hold UK tax resident status.
      • The organisation's nominated bank account must be a UK bank.
      • Bank transfers from overseas are not permitted.
    • 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 Company No Notice Account to await your instructions.
    • Additional Information

      • Gross rate is the rate of interest payable before the deduction of tax. We will pay interest at the gross rate.
      • You may need to pay tax on any interest that exceeds your Personal Savings Allowance. For more information please contact HMRC.
      • AER stands for Annual Equivalent Rate and illustrates what the interest rate would be if interest was paid and added each year.
  • Important Information Back Copy 2

    You should read this information carefully in conjunction with our General Savings Terms and Conditions to ensure you understand them.

    In order to keep your money safe from fraud, we will use a Financial Conduct Authority approved electronic system to verify the identity of all signatories to the account and all directors or beneficial owners. We also require a photocopy of each signatory’s identification documents (this does not need to be certified). Our identification leaflet details the documents you will need to provide.

    We will also require identification for the organisation, as detailed in the identification leaflet.

    We reserve the right to check on any organisation’s company or charity registration.

    You can complete an application form by downloading it from our website or contact us and we will send you a form in the post. Please read and complete all sections of the form.

    This account is a deposit account. As such depositors are not shareholders and do not have membership rights but, will be bound by our Rules, a copy of which is available on request.

    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. The money will remain in the bond until maturity.

    We have a complaints procedure designed to meet the Regulatory requirements, which we will provide on request or is available on our website www.bucksbs.co.uk. If you are unhappy with the way we have resolved your complaint you may be able to contact the Financial Ombudsman Service at www.financial–ombudsman.org.uk

  • How To Apply Back Copy 2

    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).

    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.

    • What is the interest rate?

      4.25% Gross pa / AER

      Interest is calculated daily and paid into this account on maturity, 31st January 2025.

    • Can Buckinghamshire Building Society change the interest rate?

      No, interest is fixed for the term of the account.

    • What would be the estimated balance at the end of the fixed term based on a deposit of £1,000?

      The estimated balance at the end of the fixed term based on a deposit of £1,000 would be £1,045.64.

      This estimation assumes that:

       - £1,000 is deposited on opening the account.
       - No additional deposits or withdrawals are made.
       - Interest is paid on maturity and added to the account.

      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?

      • These are limited edition bonds that may be closed at any time, at which point further investments will not be permitted.
      • The minimum balance is £1,000 and you can save up to a maximum of £750,000.
      • Accounts are available to UK organisations only.
      • We do not open accounts where any individual signatory has a foreign tax residency, even though they may also hold UK tax resident status.
      • The organisation's nominated bank account must be a UK bank.
      • Bank transfers from overseas are not permitted.
    • 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 Company No Notice Account to await your instructions.
    • Additional Information

      • Gross rate is the rate of interest payable before the deduction of tax. We will pay interest at the gross rate.
      • You may need to pay tax on any interest that exceeds your Personal Savings Allowance. For more information please contact HMRC.
      • AER stands for Annual Equivalent Rate and illustrates what the interest rate would be if interest was paid and added each year.
  • You should read this information carefully in conjunction with our General Savings Terms and Conditions to ensure you understand them.

    In order to keep your money safe from fraud, we will use a Financial Conduct Authority approved electronic system to verify the identity of all signatories to the account and all directors or beneficial owners. We also require a photocopy of each signatory’s identification documents (this does not need to be certified). Our identification leaflet details the documents you will need to provide.

    We will also require identification for the organisation, as detailed in the identification leaflet.

    We reserve the right to check on any organisation’s company or charity registration.

    You can complete an application form by downloading it from our website or contact us and we will send you a form in the post. Please read and complete all sections of the form.

    This account is a deposit account. As such depositors are not shareholders and do not have membership rights but, will be bound by our Rules, a copy of which is available on request.

    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. The money will remain in the bond until maturity.

    We have a complaints procedure designed to meet the Regulatory requirements, which we will provide on request or is available on our website www.bucksbs.co.uk. If you are unhappy with the way we have resolved your complaint you may be able to contact the Financial Ombudsman Service at www.financial–ombudsman.org.uk

  • 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).

    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.

Need some help?

Call us: 01494 879500  Email: info@bucksbs.co.uk  or visit our branch

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