Organisation Savings Bonds

Savings designed with your organisation in mind.

Choose either a 6, 12, 24 or 36-month fixed-term period and start building towards your organisation’s future.



The interest rate is fixed as follows:

6-Month Savings Bond earns 3.70% (under £50,000), 3.75% (over £50,000) Gross/AER

12-Month Savings Bond earns 3.25% (under £50,000), 3.30% (over £50,000) Gross/AER

24-Month Savings Bond earns 2.75% (under £50,000), 2.80% (over £50,000) Gross/AER

36-Month Savings Bond earns 2.75% (under £50,000), 2.80% (over £50,000) Gross/AER.

Interest is compounded to the account on each anniversary and/or at the maturity date.

Interest accrues on the daily balance of the account at the fixed rate notified to you on opening the account.

No, we are not able to change the interest rate mid-term.

 Amount deposited
Bond type£2,000£50,000

This illustration is based on a 12 month term (apart from the 6-month bond) and assumes:

  • You do not withdraw any money and interest is paid into this account.
  • The interest rate stays the same.
  • You do not add any more money.

‍You must open the account with at least £2,000.

Once fully completed application and mandate forms are received in the post and the necessary checks have been carried out by our team, we will be delighted to open your account with us.

If you change your mind, you can advise us in writing and we will cancel the account free of charge within 14 days of opening.

‍Information can be requested on the phone, but all instructions must be sent to us in the post.

We will contact you before your Bond matures to offer you a range of options including re-investment and withdrawal options.

All instructions should be authorised by the correct number of signatories in accordance with the latest mandate.

No deposits or withdrawals are permitted during the term of the deposit.

‍All withdrawals must be made to an account in the same name. We will not permit a withdrawal to a third party by any method.

No charges apply to this account (except for those referred to in our terms and conditions, where we permit early withdrawal at our discretion with charges on transfer before maturity).

‍AER stands for ‘Annual Equivalent Rate’. Whenever you see an advert for a savings account which shows an interest rate, you will see the AER. This means you can use the AER to compare accounts. It shows what the interest rate would be if your interest was paid and compounded once each year.


You can also call us on 0115 921 7260 to begin setting up your account.