Individual Savings Bonds

Save on your terms and build for your future.

These accounts provide a choice of fixed-term savings periods, making them ideal for those who will not need access to the funds for either 6, 12, 24 or 36 months.



The interest rate is a fixed rate as follows:

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

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

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

36-Month Savings Bond is 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, as this is a fixed rate product.

 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.

This account must be opened with a minimum deposit of £2,000.

You can apply online for an account here or you can fill out a paper form and post it to us. Copies of these forms can be found at the bottom of this page.

Once a fully completed application form is 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.

You can view your account via online banking. To register for internet banking, click here and select the ‘Register’ button. Alternatively, information can be requested over the phone.

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

It is not possible to make a withdrawal during the term of the deposit.

‍At the end of this term, All withdrawals must be made to a UK account in the same name.

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.