The Borrowers Loyalty Tracker Bond is only available to existing Hinckley & Rugby mortgage customers.

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Borrowers Loyalty Tracker Bond

Is this account suitable for me?

This account is suitable for you if you have a lump sum of over £5,000 that you would like to save and ‘lock away’ for one year.

This account is not suitable for you if you have less than £5,000 to save or if you may need access to your money in the next year as no withdrawals are allowed in that period.

Please note the Borrowers Loyalty Tracker Bond is only available to existing Hinckley & Rugby mortgage customers.

5.25% Gross /AER
Postcode Restricted
No Not until the end of term
Minimum Investment

About this account

What is the interest rate?

The interest rate will track the Bank of England Base Rate for one year from the date the account is opened. Any changes in interest will take effect within one month of any movement in the Bank of England Base Rate. (you will find the current Bank of England Base Rate displayed on the website

Minimum Balance ANNUAL Gross* INTEREST AER**
£5,000 5.25% 5.25%

After one year your account will automatically become an Easy Access Account and the interest rate will be variable. (You can find the current rate payable on this account on our website –

Interest will be paid on 1 December each year.

Can Hinckley & Rugby Building Society change the interest rate?

We will change the interest rate we pay on the account in line with changes to the Bank of England Base Rate.

What would the estimated balance be after 12 months based on a £5,000 deposit?

Based on an initial deposit of £5,000.00, with interest added annually, the estimated balance would be £5,262.50 at the expiry of the one-year term.

These figures are provided for illustrative purposes only and assume that no further deposits or withdrawals are made and there is no change in the interest rate. They do not take into account your individual circumstances.

How do I open and manage my account?

To be eligible to open this account you must have a mortgage with us.

You can only hold one Borrowers Loyalty Tracker Bond in your name.

This account can be opened and managed by post or at any of our branches and agencies. Complete the application form and the declarations and consents. Take the completed documents and your deposit to one of our branches or agencies, or post them to us at the address in this document. Please make cheques payable to the account holder(s).

Deposits can also be made electronically once you have opened the account and received your account number.

Deposits to the account must not be taken from any existing savings accounts held with the Society.

The minimum deposit required to open this account is £5,000 and the maximum balance is £100,000. You can add funds up to the maximum balance throughout the life of the account.

Please note, the minimum deposit must be credited to your account within 5 working days of the account being opened. If you fail to do so, you will be required to restart the application process.

The overall maximum holding by any one member in respect of all savings accounts with the Society is £300,000.

Can I withdraw money?

Withdrawals are not permitted until the end of the one year term.

At the end of the one year term, when your account automatically becomes an Easy Access account, further deposits and withdrawals can be made without notice or penalty. The minimum balance will be £1 with a maximum balance of £300,000.

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.

Additional information

We will write to you before the end of the one year term to advise you that your account is about to mature. Unless we have received alternative instructions from you, after one year, your Borrowers Loyalty Tracker Bond will automatically revert to an Easy Access account.

Personal Savings Allowance is the amount of interest you can earn before paying tax on it. If you are a basic taxpayer, you can earn up to £1,000.00 interest without paying tax.

If you are a higher rate taxpayer, you can earn up to £500.00 interest without paying tax. If you are an additional rate taxpayer, you cannot earn any interest without paying tax.

If you have savings income over your Personal Savings Allowance, you are responsible for making sure you are paying the correct tax directly to HM Revenue & Customs.

* Gross rate – the annual rate of interest to be paid on a savings account without any deduction being made in respect of personal Income Tax liability.

** AER – stands for Annual Equivalent Rate and illustrates what the interest rate would be if interest was paid and added once a year.

Identification Requirements

We need to confirm the identity of every customer who applies for an account with the Society. We do this to protect you against the risk of identity fraud and to comply with money laundering regulations.

We use an electronic verification system when you open a savings account. If this is successful, you will not need to do anything. However, in certain cases you will be asked to provide additional proof of identity (for example if you are not listed on the electoral roll or you have recently moved house).

If you are required to provide additional identification, you must supply two items acceptable to the Society to verify your name and address. The Society will be unable to open your account until we have completed identification procedures.

If you think you will need to provide identification, please visit our Proving your identity page ( for details of acceptable documentation or contact us to discuss.

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Applying for an account

Complete the form below to request an application form which you can download and print.

Savings Application Form
e.g. Mr/Mrs/Ms
e.g. Joe
e.g. Smith
e.g. 07123456789
Documentation and terms confirmation

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