Background image - Shutterstock 1498236191

Savings Bonds

Our Bonds offer a fixed rate for the term of the account, giving you the confidence of a guaranteed return at the end of the term.

You can open a Savings Bond face-to-face in one of our Relationship Centres or by downloading an application form and sending it to us with proof of identity.

Download Application Form

Excellent and Seamless Service

The entire process was handled extremely efficiently from beginning to end and I would not hesitate to recommend.

Fast and Efficient Customer Experience

Extremely positive customer experience. All aspects of applying for and obtaining my mortgage were dealt with very efficiently and courteously by SBS.

Great Customer Service

Always excellent service from knowledgeable pleasant staff.

Efficient friendly staff

Efficient friendly staff good at explaining options available in no nonsense fashion

Opened 2 new accounts

Very pleased with first visit yesterday and opened 2 new accounts

The personal touch

The personal touch and being able to speak to an advisor is great. Staff always respectful and helpful.

Savings Bond 246

Key Information

4.26% Gross/AER fixed until 28 July 2027
You can invest from £500 up to £1,000,000 in each bond
Ideal for lump sum deposits
The account can be opened face to face in our Relationship Centres or by post

Interest Rate

4.26%

Gross/AER Fixed

What might a Savings Bond 246 look like for me?

Initial Deposit

Balance after 12 months

Interest earned

£1,000.00

£1,042.60

£42.60

£10,000.00

£10,426.00

£426.00

£25,000.00

£26,065.00

£1,065.00

£50,000.00

£52,130.00

£2,130.00

Interest Rates

Savings Bond 247

Key Information

4.41% Gross/AER fixed until 26 July 2028
You can invest from £500 up to £1,000,000 in each bond
Ideal for lump sum deposits
The account can be opened face to face in our Relationship Centres or by post

Interest Rate

4.41%

Gross/AER Fixed

What might a Savings Bond 247 look like for me?

Initial Deposit

Balance after 12 months

Interest earned

£1,000.00

£1,044.10

£44.10

£10,000.00

£10,441.00

£441.00

£25,000.00

£26,102.50

£1,102.50

£50,000.00

£52,205.00

£2,205.00

Interest Rates

Questions we get asked

What is a Savings Bond?

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.

What’s the interest rate?

Our Bonds offer different rates, depending on the term.

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.

You can see all our interest rates here.

How do I open a Savings Bond?

You can open a Savings Bond in one of our Relationship Centres, or if it’s easier for you, you can download an application form and send it to us with a cheque for your initial deposit and proof of ID. Please read our Proof of ID checklist for details of ID we can accept.

How much can I save in a Savings Bond?

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: