Branches & agencies
Fixed Rate Bond until 30 April 2028
This account is suitable for you if you have a lump sum of over £1,000 that you would like to save and ‘lock away’ until 1 May 2028 to guarantee a fixed rate of interest.
This account is not suitable for you if you have less than £1,000 to save or if you may need access to your money before 1 May 2028. The account is also unsuitable if you are looking for an account that you can add money to regularly, as you cannot add to the bond after your initial deposit.
The interest rate is fixed at 4.01% gross*/AER** until 30 April 2028.
At the end of the fixed rate term, your account will automatically become an Easy Access account or the nearest equivalent available at that time. You can find the current rate payable on this account by visiting our Interest Rate History page (hrbs.co.uk/interest-rate-history/).
| Annual Interest | ||
| Minimum Balance | Gross* | AER** |
| £1,000 | 4.01% | 4.01% |
Interest will be paid on 1 December each year.
The interest rate is fixed and cannot be changed during the fixed rate term.
Based on a deposit of £1,000.00, with interest added annually, the estimated balance at the end of the term would be £1,092.65.
These figures are provided for illustrative purposes only and assume that the account is opened 31 January 2026, 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.
This account can be opened by post or at any of our branches and agencies. Simply complete the application form and take it with your opening deposit*, or post them to us at the address in this brochure. Please make cheques payable to the account holder(s).
*Your opening deposit must be paid in within 5 business days of the account being opened, or you will need to start the application process again. If you wish to pay this by electronic transfer, use the details that we will send you when the account is open.
Important: There is no passbook for this account. You will receive a certificate when the account is opened.
The minimum deposit required to open this account is £1,000and the maximum is £500,000. After making your opening deposit, you cannot add more money to this account.
The total maximum holding by any one member across all savings accounts held with the Society is £500,000.
You can manage your account at any of our branches or agencies, by phone, or by post. You can also view your account online: on our app or by using H&R Online on our website (after registering for the service).
No, you cannot make any withdrawals until after 30 April 2028, when the fixed-rate term ends.
At the end of the fixed-rate term, your account will automatically become an Easy Access account. Then, further deposits and withdrawals can be made without notice or penalty.
We will write to you before the end of the term to advise you that your account is about to mature. Unless we receive alternative instructions from you, on 1 May 2028, your fixed rate bond will automatically revert to an Easy Access account.
* 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 hrbs.co.uk/proving-your-identity/ for details of acceptable documentation or contact us to discuss.
IF YOU ARE UNDER 18
We will need to see either your birth certificate or passport, and a document confirming your address. This could be a bank statement or utility bill and can be in the name of a parent or guardian living at the same address if not available in your name. These documents need to be originals, not photocopies, and they will be returned to you as quickly as possible.
If a nominee is registered on the account the document to confirm your address is not required.
Applying for an account
Complete the form below to request an application form which you can download and print.
Protecting your money
Your eligible deposits with Hinckley & Rugby Building Society are protected up to a total of £120,000 by the Financial Services Compensation Scheme (FSCS), the UK’s deposit guarantee scheme. Any total deposits you hold above the limit are unlikely to be covered.
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