Centenary Fixed-Rate Bond to 30th April 2027

4.50% Gross*/AER*

Interest is calculated daily and added to your account annually on the 30^th April each year.

The interest rate is fixed until maturity on the 30^th April 2027.

£5,643.90.

This projection is provided for illustration only and does not consider individual circumstances. This calculation assumes the account is opened on the 1st August 2024 and closes on 30th April 2027 and no further deposits are made during the initial 14-day period.

Eligibility

This account is only available to UK residents aged 18 or above, living in the following postcodes: BL, CH, CW, M, OL, SK, WA or WN.

An individual cannot be party to more than 1 account.

Opening the account

You can open an account using our Online Services or in branch. From the date the account is opened, you have 14 days in which to change your mind and close it without notice or penalty.

Managing the account

You can operate your account in branch or through our Online Services.

A minimum deposit of £5,000 is required to open the account. The maximum deposit is £85,000 for individual applicants and £170,000 for joint applicants.

Subject to the maximum deposit level, additional funds may be added up to 14 days after the opening date of the account.

Deposits can be made in branch by cash or cheque or online banking.

No withdrawals are permitted, and the Bond cannot be closed until the maturity date.

Maturity

In the month of maturity, we will send you a Maturity Schedule outlining the options available at that time. If you wish to withdraw funds at term-end, you will need to complete this schedule and return it to the Society. On the date of maturity, unless you tell us otherwise, your investment will automatically transfer to a new 1 year Fixed-Rate Bond. You will have 14 days to change your mind.

The information contained in this summary box forms part of the terms and conditions of the account and should be read in conjunction with our General Savings Account Terms & Conditions.

*Interest rate terms explained:

AER

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

Gross

The interest rate without tax deducted.

Personal Savings Allowance (PSA)

You may need to pay tax on any interest that takes you over your PSA. The treatment of your account for tax purposes will depend on your individual circumstances. All tax information is based on our understanding of current law and HM Revenue & Customs practice, both of which may change. For more information, visit hmrc.gov.uk