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Company Fixed Rate Bond
to 31 May 2020 Issue 39

  • A great choice if you don't need access to your savings
  • You can take your money out on maturity
  • Suitable for all types of organisation
  • Summary
  • Important InformationInfo
  • How to Apply
  • Account Name

    Company Fixed Rate Bond
    to 31 May 2020 Issue 39
  • What is the interest rate?

    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.

  • 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 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 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?

    • The minimum balance is £1,000 and you can save 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.
    • Accounts are available for UK organisations. 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 in 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 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.
  • Additional Information

    • AER stands for Annual Equivalent Rate and illustrates what the interest rate would be if interest was paid and added 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 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.
    • 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.

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.

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.

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 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.