Fixed Rate Cash ISA Bond Issue 120 Maturing 31 May 2027

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

The estimated balance after 12 months based on an initial deposit of £1000 would be £1,024.00. 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.

• This is a limited edition Cash ISA bond which may be closed at any time, at which point further investments including annual subscriptions will not be permitted.
• The minimum balance is £100 and you can save up to the annual ISA subscription limit of £20,000 for the current tax year (6th April 2022 to 5th April 2023).
• You can add your annual subscription to your new Cash ISA provided you have not paid into another Cash ISA in the current tax year.
• You may only pay into one Cash ISA per tax year.
• The overall ISA subscription limit can be split in any way between a Cash ISA, an innovative finance ISA, a Lifetime ISA and a stocks and shares ISA.
• We accept transfers from other providers into this Cash ISA, while the issue is still available.
• We accept APS allowances for a deceased spouse into these accounts.
• Accounts can be opened by UK resident individuals aged 16 and over in single names only.
• The account can be opened in person or by post by cheque payable to the account holder or by bank transfer.
• We do not open accounts for any individual who has a foreign tax residency, even though they may also hold UK tax resident status.
• Please read and complete all sections of the application form.
• Please contact us for a transfer form, or print one from our website, if you would like to transfer a Cash ISA from another provider.
• Send your completed documentation and copy of identification documents to us.
• 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.

• You can only withdraw your savings on the maturity date.
• Part withdrawals are not permitted on fixed rate bonds.
• Closure or transfer out of the account prior to maturity is subject to a penalty loss of interest of 365 days.
• 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 Cash ISA account to await your instructions.

• AER stands for Annual Equivalent Rate and illustrates what the interest rate would be if interest was paid and compounded once each year, and has been rounded to 2 decimal places.
• Gross interest 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.
• Interest on a Cash ISA is paid tax free provided the ISA regulations have been fulfilled.
• The favourable tax status of ISAs is granted by the Government and may be subject to change.
• This is a limited edition and can be withdrawn at any time.