1.60% Gross/AER

Interest paid on maturity.

AER stands for Annual Equivalent Rate and illustrates what the interest rate would be if interest was paid and compounded once each year.

No. The interest rate is fixed for the term of the bond.
Interest is calculated daily using the cleared balance of the account.

£5,161.28

This projection assumes that interest is paid once on maturity.

You can open our accounts by post.
All accounts are accessible by Post or in Branch. Enquiries can be dealt with on the phone. When opening an account you must nominate a bank account from which deposits must be made and to which withdrawals will be sent. All withdrawal instructions must be received in writing.
Minimum deposit – £5,000
Maximum deposit – £1,000,000

Principal and interest may be withdrawn on maturity only. You will be notified within 14 days of the maturity date of the options available to you, including having the funds returned to you and, if available, the option to reinvest in a savings product