2 Year Fixed Rate Savings Bond - Issue 3
2 Year Fixed Rate Savings Bond – Issue 3
Our 2 Year Fixed Rate Savings Bond – Issue 3 is a savings account an individual can open with a single lump sum of between £10,000 and £85,000.
If you’re interested in opening a 2 Year Fixed Rate Savings Bond – Issue 3 account, you should be aware and prepared that your savings will be locked in for the duration of your term. This means that you are unable to gain access to your money until the end of your bond term.
The Information provided is a summary of the key features of the savings account and is not intended to be a substitute for reading the terms and conditions that apply to the account.
|What is the Interest Rate?||5.00% Gross/5.00% AER|
AER stands for Annual Equivalent Rate. It illustrates what the interest rate would be if interest was paid and compounded each year.
Interest is calculated daily.
Interest is paid into the account one year from the opening date and on maturity.
See our current interest rates for all savings accounts.
|Can esbs change the Interest Rate?||No – This is a fixed rate for the term of the account.|
|What would the estimated balance be after 24 months based on a £1,000 deposit?|
|The projected balance at the end of the fixed term, on the minimum balance of £10,000, would be £11,025.00|
This projection is provided for illustrative purposes only and does not take into account the individual circumstances of the customer.
|How do I open and manage my account?|
|Can I withdraw money?|