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24 Month Bond

Our 24 Month Bond offers a competitive fixed interest rate and is currently exclusive to loyal Members.

To be eligible for the 24 Month Fixed Rate Loyalty Bond (Issue 1), you must be an existing customer who has continuously held a Bath Building Society product for a minimum of 5 years.  Numbers are limited and will be on a strictly first come first serve basis. If you would like to find out if you are eligible, please contact the Savings team.

Interest rate
(AER) i
Variable/Fixed iMin/Max amount iWithdrawals i
£500 - £100,000
0.80%
Fixed£500 - £100,000No

Suitable for savers who:

  • are prepared to put money away for a longer period
  • want a fixed rate of interest
  • want to manage their account online, by phone or in our Branches & Agencies

Not for savers who:

  • want instant access to their savings
  • want a flexible interest rate

Summary Box

Key Product Information

What is the interest rate?

  • 0.80% gross, 0.80% AER.
  • For 24 months from date of opening the account. After 24 months from the date of opening, this account will automatically transfer to an instant access account unless instructed otherwise.
  • Interest is calculated on a daily basis and will be credited to the account 24 months from the date of opening. Alternatively, interest can be transferred into another Bath Building Society account or paid by faster payment into a nominated account if preferred.

Can Bath Building Society change the interest rate?

  • The interest rate is fixed throughout the term of the investment and cannot be varied during that period.

What would the estimated balance be after 12 months based on a £1,000 deposit?

  • Based on the current rate of interest, if you deposited £1000 in this account, after 24 months you would have £1016.00.
  • This figure is only an estimate, based on there being no additional deposits, withdrawals, or rate changes in that time with all interest being added to your account. This figure is for illustrative purposes only.

How do I open and manage my account?

  • Available for UK residents only.
  • To be eligible for the 24 Month Fixed Rate Loyalty Bond (Issue 1), you must already be an existing customer who has continuously held a Society product for a minimum of 5 years.
  • To open an account, simply apply online or visit one of our Branches or Agencies.
  • Minimum opening and operating balance £500.
  • Maximum balance £100,000 plus interest.
  • It is possible to manage all the accounts you hold with Bath Building Society by registering with Bath Online.
  • Account holders will be written to at least 14 days prior to the maturity of their product to discuss alternative options. In the absence of alternative instructions being received, at the end of the term, the account will transfer into an Instant access account.
  • No passbook will be issued with this account, but customers will receive an opening certificate by email.

Can I withdraw money?

  • Withdrawals are not permitted.
  • You can however close the account and withdraw the whole balance during the fixed term, subject to a 180-day interest penalty.
  • If there is insufficient accrued or paid interest to cover any interest penalty, then the difference will be taken from the money in the account.

How do I deposit money?

  • Strictly no additional deposits accepted after initial deposit.

Additional information

  • This product is limited to those Members who have had a continuous relationship with Bath Building Society for at least five years, have a minimum balance of £500 and are not in arrears with their Bath Building Society Mortgage.
  • This account is a limited issue and can be withdrawn without notice.
  • This account is a savings account and must not be used for multiple monthly transactions like a current account. It is not a Payment Account for the purposes of the Payment Services Regulations 2017.

Important information before you apply

Before you apply please read our terms and conditions document and FSCS information sheet alongside the key product information above to understand how this account works.

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