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  • Company Fixed Rate Bond to 31 May 2020 Issue 39

    • Overview
    • Interest Rates
    • How to Apply
    Full Details
    • Account name
      Company Fixed Rate Bond to 31 May 2020 issue 39
    • What is the interest rate?
      £1,000      1.00% 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 £1,010.00.
      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?
      Open an account with a minimum of £1,000 by cheque or bank transfer from a UK bank account in the name of the organisation. You can save up to £500,000.
    • Can I withdraw money?
      You can withdraw your savings on the maturity date. Early closure and part withdrawals are not permitted.
    • Additional information
      Interest is paid on maturity into the account.
    Effective: 03 May 2019
    Balance Gross PA/AER
    £1,000 1.00%
    Previous rates effective: not applicable
    Gross PA/AER
    -

    Interest is calculated daily and paid on maturity into this account.

    To Open an Account

    Download and complete the application form, self certification form, list of directors and shareholders and return them 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 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.

How much can I save?

  • You will need a minimum amount of £1,000.00 to open this account.
  • The maximum balance is £500,000.

What do I need to know before opening this account?

  • The account is only available to UK organisations.
  • You can pay money in while the issue is open up to a maximum of £500,000.
  • The opening investment must be by cheque in the organisation's name or by transfer from the organisation's bank account stated on the application form. The account may not be opened with cash.
  • The nominated bank account must be in a UK bank. We do not accept transfers from overseas.

How can I take my money out?

  • You can withdraw your savings on the maturity date.
  • 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 Company no notice account to await your instructions.

Can I cancel?           

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.

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 is paid 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. The Society has a legal obliation to supply HMRC with particulars of interest paid.

  • The receipt of interest gross by a company will not prevent that interest from being liable to corporation tax.

How much can I save?

  • You will need a minimum amount of £1,000.00 to open this account.
  • The maximum balance is £500,000.

What do I need to know before opening this account?

  • The account is only available to UK organisations.
  • You can pay money in while the issue is open up to a maximum of £500,000.
  • The opening investment must be by cheque in the organisation's name or by transfer from the organisation's bank account stated on the application form. The account may not be opened with cash.
  • The nominated bank account must be in a UK bank. We do not accept transfers from overseas.

How can I take my money out?

  • You can withdraw your savings on the maturity date.
  • 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 Company no notice account to await your instructions.

Can I cancel?           

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.

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 is paid 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. The Society has a legal obliation to supply HMRC with particulars of interest paid.

  • The receipt of interest gross by a company will not prevent that interest from being liable to corporation tax.

Further Information

To Open an Account

Download and complete the application form, self certification form, list of directors and shareholders and return them 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 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.