1 Year Fixed Rate Bond

1 Year Fixed Rate Bond Iss 13 header

Why choose our 1 Year Fixed Rate Bond?Apply Now Button_green

If you want to invest £5,000 or more and have the peace of mind that your money will grow, read on. This account gives you the reassurance of a fixed rate of return until a fixed end date, so you’ll know exactly how much interest your money will be earning.

This is a practical choice if you don’t want to put your money away for several years, as the term is only 12 months from the day you open it (please note you can’t add to the bond after your initial investment or withdraw your money until the term is up.)

This could be the account for you if you’re looking for:

  • A guaranteed fixed rate of interest for 12 months
  • Reassurance that your money will grow
  • An account where you can invest £5,000 or more (up to £300,000)

To view the Society’s identification requirements for new customers, please click here

With effect from 1 March 2014

Min InvestmentAnnualMonthly
Gross Net AER Gross Net AER
5,0001.35%1.08%1.35% - - -
Summary BoxKey product information for this account
Account Name1 Year Fixed Rate Bond Issue 13
Interest Rate (AER)

The interest rate is fixed for one year. Please see interest rates tab for the current rate applicable.

At maturity of the fixed rate term, your account will automatically become an Easy Access Bank Base Rate Tracker. The interest rate will then become variable and will match the Bank of England Base Rate. Any increase we may make to the interest rate payable will take effect within one month of a change in the Bank of England Base Rate (click here to view the Bank of England Base Rate).

Tax Status

Normally, interest will be paid after deduction of income tax at the appropriate rate. Non-tax payers can reclaim this and are able to register for gross interest payments using HM Revenue & Customs Form R85, which is available from our offices. Higher rate tax payers may have a further tax liability.

Interest on joint accounts will be paid gross if both holders are non-tax payers and sign separate R85s. If one account holder pays tax and the other does not, half of the interest will be paid gross and the other half will be paid after deduction of income tax at the appropriate rate.

Conditions for bonusNot applicable to this savings account.
Withdrawal arrangements

This savings account is designed for a long term investment, therefore withdrawals are not permitted until maturity of the fixed rate term.

From maturity of the fixed rate term further deposits and withdrawals can be made at any time without notice or penalty.

The minimum withdrawal will be £250 and only cheque withdrawals will be allowed.

Subject to the conditions set out above, money can be paid out against a cheque from the start of the sixth business day following the day of deposit. Business day means a day other than a Saturday, Sunday or Bank Holiday. Funds are available for immediate withdrawal for all other types of deposit.

AccessTransactions at branches or by post.

Interest is calculated on a daily basis up to and including the day before any withdrawal. For cheque receipts, interest is paid from the day after the cheque is deposited with us. For cash and automated credits, interest is paid from the day of receipt.

Each year on 1 December the interest earned will be credited to your 1 Year Fixed Rate Bond. Alternatively it can be paid to a bank or building society account, or transferred to another account with the Society.

At maturity of the fixed rate term, your account will automatically become an Easy Access Bank Base Rate Tracker. The interest rate will then become variable and will match the Bank of England Base Rate. Any increase we may make to the interest rate payable will take effect within one month of a change in the Bank of England Base Rate (click here to view the Bank of England Base Rate).

From maturity of the fixed rate term further deposits and withdrawals can be made at any time without notice or penalty.

The minimum withdrawal will be £250 and only cheque withdrawals will be allowed.

Enquire about 1 Year Fixed Rate Bond

Thank you for your  interest in our 1 Year Fixed Rate Bond.

If you would like us to post you a brochure and application form please use the enquire button below and complete your details.

Enquire about the 1 Year Fixed Rate Bond account

Apply for a 1 Year Fixed Rate Bond

Thank you for your interest in our 1 Year Fixed Rate Bond.

To apply for this account, please complete the boxes with your name, email address and telephone number, then read the Society’s Savings Account Terms and Conditions (see below) and tick the box to confirm you understand them.

Please then click ‘Submit’ to obtain an application form and the declaration for this account which you should print, complete and return to:

Savings Department
Hinckley & Rugby Building Society
Upper Bond Street
Hinckley
Leicestershire
LE10 1DG

Please ensure you have enclosed the following with your completed application form and signed declaration:

1. Your personal cheque to open the account (requirement for new customers). Please note that your personal cheque does not need to be for the full amount you wish to invest in the 1 Year Fixed Rate Bond.

2. The required identification (if applicable) – please click here for details

Savings Apply: 1 Year Fixed Rate Bond

Please fill out this form, tick the box to agree to our Savings Account Terms and Conditions and click submit.

Important Information about all of our products

Savings type

This product belongs to the following type of savings:
Savings Bonds