Home Savings Savings at The Loughborough 3 Year Fixed Rate Bond

3 Year Fixed Rate Bond

  • Available to existing members and new investors residing in the LE, NG and DE postcodes only
  • Minimum opening balance £1,000
  • Withdrawals are not allowed until the first working day after maturity Wednesday 1st July 2015
  Annual Interest Rates Monthly Interest Rates
Balance AER AER - illustrates what the interest rate would be if it were paid and added year. Gross Gross - the contractual rate of interest payable before the deduction of income tax at the rate specified by law. Net Net - an illustration only rate allowing the deduction of tax assuming the continuation of the current prescribed rate of 20%. AER AER - illustrates what the interest rate would be if it were paid and added year. Gross Gross - the contractual rate of interest payable before the deduction of income tax at the rate specified by law. Net Net - an illustration only rate allowing the deduction of tax assuming the continuation of the current prescribed rate of 20%.
£1,000 to £100,000 3.50% 3.50% 2.80% N/A N/A N/A

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Summary Box - Key Product Information for our Savings Accounts

Account Name

3 Year Fixed Rate Bond (FRB 53)

Interest Rates (AER
  • The rate for this account is fixed until 30th June 2015 at 3.50% Gross*/AER**
  • Interest is paid each year on the 30th June and on maturity 30th June 2015
  • Interest can be added to the account, paid to a bank account or transferred to another account with the Society.

Tax Status
  • Interest on your account will be paid ‘net’ (after taking off tax at the basic rate) unless you are entitled to receive it ‘gross’, and you complete and let us have HM Revenue and Customs Form R85.
  • Even if interest is paid net, you may be liable to pay additional tax depending on your income. For further details, please see the booklet “Taxation of Building Society Interest”, a copy of which is available on request.
  • A tax statement may be requested each year free of charge.
  • A charge will be made if a duplicate statement is requested.

Conditions for bonus payment

 N/A

Withdrawal arrangement
  • Withdrawals are not allowed until the first working day after maturity Wednesday 1st July 2015
  • The account may be closed without penalty or notice should the investor (or for joint accounts, both investors) die before maturity

Access
  • Branch / Post.  Download an application form to complete and send or bring into a branch with relevant ID and initial deposit.
  • Minimum:  £1000.00
    Maximum: £100,000 per account, subject to overall Society limit of  £750,000
  • Available to existing members and new investors residing in the LE, NG and DE postcodes only
  • Available to individuals or joint account holders aged 16 or over in their own names.  Cannot be opened by trusts or for children, operated by adults.
  • Additional investments may be added to the bond while the product remains open.
  • Customers requiring interest to be paid to another account with the Society or to their bank account must specify where the interest is to be paid and provide full details.
  • Customers will receive an Investment Certificate.
  • Customers will be contacted at least 14 days before the maturity date to advise them of the options available.
  • If no instructions have been received by the product maturity date the balance will be transferred to the Postal Account at the rate applicable at the time of maturity.

This is a limited edition product and may be withdrawn without notice at any time.

* Gross means the contractual rate of interest payable before the deduction of income tax at the prescribed rate. ** AER illustrates what the interest rate would be if it were paid and added each year

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To apply for this product you will need:

  • Identification (such as your passport / driving license)
  • Your initial Investment

Download Application Form:

You can speed up you application by Downloading and completing our application form

Drop it into a Branch:

You can then pop into one of our branches or return the form to our Head office.

Or contact us by Phone:

Call us on 01509 631 960.

Our office hours are Mon, Tue, Thu & Fri 9am - 5pm Wed 9.30am - 5pm.

Or Online:

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