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Please note that this account is currently closed for new account opening but existing account holders can operate the account as usual.

Our 2 Year Fixed Rate Savings Bond – Issue 4 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 4 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.

If you’re interested in a variable rate savings bond, then we also offer a 1 Year Savings Bond and 2 Year Savings Bond.


Summary Box

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?4.30% Gross/4.30% AER (From 16 February 2024)


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 £10,878.49


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?*

*Please note that this account is currently closed for new account opening but existing account holders can operate the account as usual.





  • The account may only be opened by UK residents aged 18 or over.
  • Only one single deposit between £10,000 and £85,000 may be made into this Fixed Rate Savings Bond. This applies to sole named and joint Bonds.
  • To apply for a Fixed Rate Savings Bond – Issue 4 please read the Fixed Rate Savings Bond – Issue 4 leaflet to ensure this account is suitable for you.  Please be certain to read the Terms and Conditions for esbs Retail Savings Accounts.
  • If you wish to open an account you can download and print an application form, apply in person in one of our branches or, should you wish for an application form to be sent in the post for you, call our Savings Team on 01455 844422 (Option 1).  Please remember to provide the correct Identification and funds.
  • You can manage your account at our branches or by post.
Can I withdraw money?
  • No – no access or closure permitted prior to the date of maturity, unless on death of the saver.
Additional Information
  • Term 2 years.
  • On maturity the account balance and interest will be transferred to an instant access account unless other instructions are received. The interest rate payable on the instant access account will be variable and may be lower than this Fixed Rate Savings Bond.
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