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3 Year Fixed Rate Bond 

2.95%

A Fixed Rate Bond gives you a fixed rate of interest for a set period of time, so you'll always know exactly how much interest you'll earn at the end of the term.

3 Year Fixed Rate Bond

2.95%

Start your application

Apply for a 3 Year Fixed Rate Bond online.

What is the interest rate?

2.95%

Gross PA / AER*

Note, accrued interest is calculated daily and is payable annually and at maturity (the end of the term) into your nominated bank account.

*AER stands for Annual Equivalent Rate. It illustrates what the interest rate would be if interest were paid and added each year. Please note, interest is not compounded. Gross PA means Gross Per Annum, i.e. before tax is deducted (at the legal rate).

Can Close Brothers Savings change the interest rate?

No. Your 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.

If no maturity instructions are received at the end of the fixed term, your balance including any interest earned, will be paid into an Easy Access Maturity Account, where it will earn a managed variable rate (account details included as part of your maturity options letter).

What would the estimated balance be after 12 months based on £10,000 deposit?

The rate is fixed for the whole term, so you can calculate the actual amount of interest you'll earn at the end, based on the amount you deposit.

Initial deposit  Interest earned
after 12 months 
Balance after
12 months
 
£10,000.00  £295.00  £10,295.00 

 

Illustration based on the initial deposit shown being deposited at the time the account is
opened. This projection is provided for illustrative purposes only and does not take into account
individual circumstances.

Calculate your balance after 12 months

How do I open and manage the account?

You must be aged 18 years or over. It’s easy to apply online. The minimum opening deposit is £10,000 and the maximum is £2 million. You can send us your funds by cheque or electronic transfer from your nominated bank account. Single or multiple electronic bank transfers can be used to send us your deposit. We must receive your full deposit within 10 calendar days of accepting your application. After this time no further funds can be added. If you miss the funding window, you will need to reapply and be subject to the new interest rates and terms available at the time.

Managing your account is easy, simply login to your online account and submit a secure message, call or write to us.

Can I withdraw money?

No, you can’t take money out of a Fixed Rate Bond, so you need to be sure you’re happy to leave your money in the account until the end of the term (maturity).

Before the end of the fixed term, we’ll let you know what your maturity options are.

Can we help?

If you'd prefer to speak to someone directly or have any questions, please get in touch.

Call us on

020 3857 3050

Lines are open

9am - 5pm, Monday to Friday (excluding UK bank holidays)

Alternatively email us at: [email protected]

Financial Services Compensation Scheme logo

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