4.10 %Gross/AER*
4.10% Gross/AER
The interest is paid annually and will be credited to your account after close of business on 1 April.
Yes, the interest rate is variable. We can increase or decrease the interest rate as described in our Business Savings General Terms and Conditions.
If we are decreasing the interest rate we will notify you at least 14 days before the change takes effect.
£5,205
This is an example based on an initial deposit of £5,000 made on account opening for the term of the bond.
The account is available to the following types, which must be based in Northern Ireland:
There is a minimum lodgement of £5000 required to open the account.
Cash lodgements are not permitted to this bond.
Lodgements should be made by cheque, debit card or electronic transfer.
The maximum balance for the account is £3 million.
The account can be opened and operated at any of the Society's branches or
by post.
Yes, 1 withdrawal up to 20% of the account balance is allowed during the term of the bond subject to the balance not falling below the minimum of £5,000.
You can withdraw up to £500 in cash in a branch, larger amounts must be withdrawn by cheque payable to the same name as the bond holder.
Early closure of the bond is not allowed.
We will contact you in good time before the bond matures to advise of the options available for the closing balance of the bond.
If we do not receive written instructions from you, the quoted fixed rate of interest will cease to apply on the date of maturity and the balance of the bond will be rolled over into a variable rate Business – Instant Access Account at the interest rate prevailing at that time.
AER stands for Annual Equivalent Rate and illustrates what the interest rate would be if interest was paid and compounded once each year. This will enable you to compare more easily the return you can expect from the savings over time.
Gross rate quoted is the taxable rate of interest without deduction of income tax.
The interest rate is correct as of 1st November 2024.
Before you apply, please make sure you read the Summary Box, account terms and conditions, Business Savings General Terms and Conditions and FSCS Information Sheet in full. You can save or print a copy of the PDFs for future reference. These documents contain details of your agreement with us for this account and we will rely on them for our relationship with you.
If you open your account in one of our branches we will use an electronic verification system to verify your identity and address. We cannot do this for applicants under 18 or if you are not registered on the electoral roll. In these instances you will be required to provide full identification documentation and these can be found in our leaflet Proving your identity.
Visit your local branch to open this account.
Find your nearest branchTo open this account by post:
We recommend that you download a copy of the documents and retain for your records.
We’d love to talk you through the mortgage process and help you find a suitable product. For more information or to apply for an account, you can call us, email us, pop into one of our 11 branches. We look forward to hearing from you.