Up to 2.10% grossGross rates are variable and do not take into account deductions of income tax./AERAER stands for Annual Equivalent Rate and illustrates what the interest would be if interest was paid and compounded once each year. fixed
Earn a guaranteed fixed-rate with a choice of one, two or three year terms.
Key benefits
- Start saving today: open your bond with anything from £500 to £1 million
- Fixed rate of up to 2.10% grossGross rates are variable and do not take into account deductions of income tax./AERAER stands for Annual Equivalent Rate and illustrates what the interest would be if interest was paid and compounded once each year. : choose the length of your term and know exactly how much interest you’ll earn
- Choice of terms: save for one, two or three years
Our Growth Bonds are provided by Bank of Ireland UK
How it works
With our Growth Bonds, you choose how long you want to save for.
Get rates of 1.90% grossGross rates are variable and do not take into account deductions of income tax./AERAER stands for Annual Equivalent Rate and illustrates what the interest would be if interest was paid and compounded once each year.
fixed for 1 year, 2.00% grossGross rates are variable and do not take into account deductions of income tax./AERAER stands for Annual Equivalent Rate and illustrates what the interest would be if interest was paid and compounded once each year.
fixed for 2 years, 2.10% grossGross rates are variable and do not take into account deductions of income tax./AERAER stands for Annual Equivalent Rate and illustrates what the interest would be if interest was paid and compounded once each year.
fixed for 3 years.
Interest is paid annually on the anniversary of the account opening, which may suit longer term savers.
Growth Bonds are fixed term allowing you to put your money away for a fixed rate of interest. After the bond is opened you won’t be able to close your account unless it’s due to exceptional circumstances and a fee may apply. If the interest you’ve earned doesn’t cover this, you may get back less than you put in. No additional deposits are allowed.
Before applying check you’re eligible. A Growth Bond can be opened by anyone aged 16 or over, and a UK resident for tax purposes. If you're aged under 16 you’ll need an adult who is either a parent, grandparent or legal guardian to open it for you.
Is a Growth Bond right for you?
| Right for you if |
|
| Try something else if |
Not the right account for you? You could check out our Online Bond, Online Saver, Premier Cash ISA and Fixed Rate Cash ISA accounts |
How to apply
Our Growth Bond rates change regularly, so apply today. Just pick up the phone or pop in to your nearest branch.
Your savings are protected by the Financial Services Compensation Scheme. Find out how your savings are protected
Definitions
0800: Calls to 0800 numbers are normally free from UK landlines but charges may apply from mobile phones. Calls may be monitored or recorded for training and compliance purposes.
0845: Local call rates apply. Call costs may vary depending on your service provider. Calls may be monitored or recorded for training and compliance purposes.
AER: AER stands for Annual Equivalent Rate and illustrates what the interest would be if interest was paid and compounded once each year.
Gross: Gross rates are variable and do not take into account deductions of income tax.
ISA An ISA is an Individual Savings Account. They are a tax-efficient way to save money as you pay no tax on the money you put into an ISA or the interest you earn. There are two types of ISA – cash ISAs with a fixed or a variable interest rate. And stocks and shares ISAs where your money is usually invested in stocks and shares. You can invest up to £11,520 in an ISA in the 2013-14 tax year (6th April to 5th April). Up to £5,760 of this can be invested in a cash ISA (subject to any stocks and shares ISA contributions). You can only invest in one cash ISA and one stocks and shares ISA in each tax year.
Nominated account: A nominated account is a current account that we link to your savings account so that you can transfer money between accounts safely and securely whenever you like. It should be a UK personal bank or building society account in your name(s) that accepts Direct Debits.
Prevailing rate: The current rate of interest.
Variable: A variable rate of interest can go up or down throughout the lifetime of a savings account.
