Fixed Rate Bond (Issue 23)


This account is suitable for customers who prefer a fixed rate of interest and who do not wish to access their funds before maturity.
 

Summary Box Key - Product Information

What is the

interest rate ?

  • 1.70% gross, 1.70% AER, where interest applied annually

  • 1.69% gross. 1.70% AER, where interest applied monthly

  • For 12 months from date of opening the account. After 12 months from the date of opening, this account will automatically transfer to an instant access account with a rate equivalent to the Lifestyle Instant account unless instructed otherwise.

  • Interest is calculated on a daily basis and will be credited to the account 12 months from the date of opening, or if the monthly option is taken, on the last day of the month. 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 £1000 deposit?

  • Based on the current rate of interest, if you deposited £1,000 in this account, after 12 months you would have £1,017

  • 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 open an account, simply complete an application form, available from any Branch, Agency Office, or by contacting our Customer Support Department. Alternatively, this can be downloaded from our website.

  • Minimum opening balance £1

  • Minimum operating balance £1

  • Maximum balance £100,000 (sole or joint), with the exception of customers rolling over balances from an existing bond.

  • 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 a Lifestyle Instant account.

  • No passbook will be issued with this account, customers will receive an opening certificate.

  • It is also possible to view all the accounts you hold with Bath Building Society by registering through our website www.bathbuildingsociety.co.uk

Can I withdraw money?

  • This is a fixed term product and there is no access to your funds before maturity

Additional Information

  • Only one Fixed Rate Bond (issue 23) can be opened by any individual during their lifetime.

  • This account is a limited issue and can be withdrawn without notice.

  • Applicants are asked to confirm that they have read the FSCS information and exclusion sheets.

  • This is a summary of the key features of the account. You should read both the Savings Accounts and General Terms and Conditions leaflets to ensure you fully understand how your account works.

Version - October 2018

Further Information