Our limited-edition Savings Bonds pay a fixed rate of interest for a fixed term, making them ideal for lump sum deposits. We offer various Savings Bonds with varying terms – saving for a longer term could give you a higher rate of interest.
What’s the interest rate?
Our Bonds offer different rates, depending on the term - the longer the term, the higher the interest rate.
The rate is fixed for the term of the Bond, so you know exactly how much interest you’ll get back when the Bond matures.
The minimum opening balance is £500 up to a maximum of £1,000,000. Additional funds can only be deposited in the 14 days after the Bond is opened. After the first 14 days, no further funds can be deposited during the term.
Can I withdraw money?
No withdrawals are permitted during the fixed rate period. When the Bond matures, you can withdraw your maturing funds or transfer some, or all, of your funds to a new Bond.
Can I close my Savings Bond early?
No, your funds need to remain in the Bond until it matures. Our Bonds are offered on a first-come, first-served basis and can be withdrawn once the subscription is full. If we receive your application after the Bond is fully subscribed, we’ll contact you for further instructions.
Financial Services Compensation Scheme
The deposits in your Bond are protected by the Financial Services Compensation Scheme, the UK’s deposit guarantee scheme.
If your bank or building society fails and can’t pay back your money, FSCS can automatically pay you compensation:
up to £85,000 per eligible person, per bank, building society or credit union.