Fixed Rate Bond - 1 Year

Fixed rate bond accounts Print application form
Fixed Rate Bond - 1 Year

Key Product Features

1 Year Fixed Rate Bond - online, phone & branch customers
Investment Gross Rate % Net Rate % AER % Print Application Form
Interest at Maturity £100+ 2.75 2.20 2.75 Print Application Form Now - 1 Year Fixed Rate Bond
Monthly Interest £100+ 2.72 2.18 2.75 Print Application Form Now - 1 Year Fixed Rate Bond
Find out more about 1 Year Fixed Rate Bond    Previous rates
Summary Box
Key Product Information for our Savings Accounts
Account Name Fixed Rate Bond - 1 Year Fixed Rate
Interest Rates (AER) See the rates information above. The interest rate is fixed.
Tax Status Interest will be paid net, after the deduction of income tax at the specified rate, unless you register your account with us to receive gross interest.
Conditions for Bonus Payments There is no bonus available for this account.
Withdrawal Arrangements No withdrawals or closures can be made during the term of the bond.
Access By Post or Branch.
Important information

1. Please be aware that all fixed rate bonds are limited edition and can be withdrawn without notice.
If when we receive your application this product has been withdrawn, we will contact you by post to discuss other available options.
2. Due to popular demand, we will aim to set up your account within 15 working days, following the receipt of your signed application form and cheque. Incomplete or incorrectly completed application forms and applications without cheques included will take longer to process.
3. The opening of your account will be backdated to the date we received your fully completed application form and cheque. Cheque deposits start earning interest from the second working day following the receipt of your cheque, regardless of application processing times.

Details Summary

  • Interest is paid either on maturity or monthly. Interest paid at maturity can be paid away to another bank or Cheshire Building Society account or added to the maturing funds. Monthly interest can be paid to another Cheshire Building Society account or to a bank account. It cannot be added back to the bond. Interest payable monthly is calculated on the last day of each calendar month.
  • A cheque deposit will earn interest after 2 working days from the date the Cheshire receives it. Standing order deposits earn interest from the date of funds transfer.
  • You can make further investments to a bond once it has been opened up to the maximum balance, provided the bond is still open for new investments (only permitted by cash or cheque).  No withdrawals or closures are permitted during the term of the investment. Further bonds may be opened whilst available.
  • Just prior to maturity, we’ll write to you with reinvestment options. If we don’t receive instructions from you, then the bond will earn interest at the appropriate Premium Access rate tier. We’ll give you three options:

    • Reinvest in a Fixed Rate Bond at the rate of interest offered at the time, or
    • Transfer to one of the range of other accounts available from the Cheshire, or
    • Withdraw your investment and interest in full.

  • In the event of an account holder’s death before maturity, the bond may either be transferred to the account holder’s representative/beneficiary or it can be closed, without penalty.
  • Please be aware that all fixed rate bonds are limited edition and can be withdrawn without notice. If when we receive your application this product has been withdrawn, we will contact you by post to discuss other available options.
  • Due to the nature of a bond it is not possible to close the account once it has been opened, until it matures.

Other Information

  • Terms and Conditions
    -  The rate you receive will be the prevailing rate at the time we receive your application and funds.
    -  The published rate on the date of opening is guaranteed for the period of the investment.
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