Fixed Rate Bond

Our Fixed Rate Bonds give you a fixed rate for the whole of your chosen term. It means you’ll always be sure how much interest you’ll earn annually or at maturity.

At a glance

Fixed rate

The rate is fixed, so it will stay the same for the entire term of your savings account. We guarantee to pay the advertised interest rate if your full cash deposit is paid into the account within 10 calendar days. 

Interest payments

Interest starts to accrue when your cleared funds are received. Interest is not compounded and is payable annually and at maturity into your nominated bank account. 

Adding funds

The minimum opening deposit is £10,000 and the maximum is £2 million. Single or multiple deposits can be used to send us your funds within 10 calendar days of accepting your application. 

Withdrawals

You cannot withdraw funds or deposit additional funds during the product term. 

Account holders

Once we have accepted your application, you will not be able to transfer into another person's name, add a person or remove a person. 

 

 

Maturity

We will write to you around 14 days before your Fixed Rate Bond matures to outline your options. If no maturity instructions are received at the end of the fixed term, your balance will be paid into an Easy Access Maturity Account.

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Sorry we aren’t currently offering any Fixed Rate Bonds

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Additional information

*AER:

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

Gross PA:

Gross PA means Gross Per Annum, i.e. before tax is deducted (at the legal rate).

At a glance

Fixed rate

The rate is fixed, so it will stay the same for the entire term of your savings account. We guarantee to pay the advertised interest rate if your full cash deposit is paid into the account within 10 calendar days. 

Interest payments

Interest starts to accrue when your cleared funds are received. Interest is not compounded and is payable annually and at maturity into your nominated bank account. 

Adding funds

The minimum opening deposit is £10,000 and the maximum is £2 million. Single or multiple deposits can be used to send us your funds within 10 calendar days of accepting your application. 

Withdrawals

You cannot withdraw funds or deposit additional funds during the product term. 

Account holders

Once we have accepted your application, you will not be able to transfer into another person's name, add a person or remove a person. 

 

 

Maturity

We will write to you around 14 days before your Fixed Rate Bond matures to outline your options. If no maturity instructions are received at the end of the fixed term, your balance will be paid into an Easy Access Maturity Account.

FSCS logo

Financial Services Compensation Scheme (FSCS)

Your eligible deposits held by a UK establishment of Close Brothers Limited are protected up to a total of £85,000 by the Financial Services Compensation Scheme, the UK's deposit guarantee scheme. Any deposits you hold above the limit are unlikely to be covered.

For further information, visit www.fscs.org.uk