Fixed Rate bonds offer:
We offer a choice of 1 year and 2 year Fixed Rate Bonds, enabling you to save between £2,000 and £1,000,000. They could be ideal if you don’t need instant access to your money.
|Term & |
|Interest rate||Maturity dates|
|Fixed Rate Bond: Internet Only Edition|
|1 year||1.50%||1.50%||1.20%||18 June 2014|
|1 Year Fixed Rate Bond|
|Annual interest||1.50%||1.50%||1.20%||18 June 2014|
|Monthly interest||1.50%||1.49%||1.19%||18 June 2014|
|2 Year Fixed Rate Bond|
|Annual interest||1.70%||1.70%||1.36%||18 June 2015|
|Monthly interest||1.70%||1.69%||1.35%||18 June 2015|
Please note: The interest payable or tax treatment may be subject to change in the future and depends upon your individual circumstances.
Interest earned on the balance of your Fixed rate Bond will be paid after the deduction of tax, unless we hold a valid R85 declaration.
Unfortunately at the current time we are unable to offer the full range of Fixed Rate Bonds.
1 year – we continue to offer the 1 year Fixed Rate Bond for sale, however due to the maturity date of 16th July 2013, any deposits received after 16th July 2012 will not receive a full years Interest. The AER has been amended to reflect this.
2 year – At this time there is currently no 2 year Fixed Rate Bond available for sale.
Your eligible deposits with National Westminster Bank Plc are protected up to a total of £85,000 by the Financial Services Compensation Scheme, the UK’s deposit protection scheme.
Any deposits you hold above the £85,000 limit are not covered.