One Year Fixed Rate Bond – Issue 170 – Maturity Date 31st December 2026
Key features
- This is a fixed rate product
- Minimum investment £5,000.
- Maximum investment £180,000 per account
- Only one account per member
This savings account may be right for you if …
- you like to know exactly how much interest you’ll receive
- you have a lump sum to save
- you don’t need access to your funds
- you’re not intending to add to the balance
- Rate
- 3.85%
- Interest paid
- Annually
Summary information
What is the Interest Rate?
-
- Interest Rate is fixed and is 3.85% Gross/AER*.
- Interest is calculated daily and paid on 31st December 2025 and on maturity, the 31st December 2026.
- Interest will be added to the account.
Can the Loughborough Building Society change the Interest Rate?
-
- No, the interest rate is fixed until the 31st December 2026.
What would the estimated balance be at maturity based on a £5,000 deposit?
-
- If you deposited £5,000 into this account, after 12 months estimated balance would be £5,192.50.
- Please note that this projection is provided for illustration purposes only and assumes the interest is being added to the account after the initial deposit is made.
How do I open and manage my account?
-
- To open an account, you need to provide a completed application form, the minimum investment and proof of your identity and address.
- Only one account per member.
- Minimum investment £5,000.
- Additional deposits allowed but must be received within 14 days of account opening.
- Maximum investment: £180,000.
- You will receive an Investment Certificate, annual statements are not provided but are available on request.
Can I withdraw money?
-
-
- Withdrawals are not allowed until the first working day after maturity which is Tuesday 4th January 2027.
- The account may be closed without penalty or notice should the investor die before maturity.
- The account will mature at midnight on the 31st December 2026. On the day after maturity (1st January 2027), your funds (including interest, if applicable) will be transferred to a bond holding account. Full details will be provided before maturity.
-
Additional Information
-
- Interest is payable gross (no tax is deducted). However, you may be liable to pay tax depending on your income, for further details go to GOV.UK and search Personal Savings Allowance.
- Interest is reported at the point it is credited or paid.
- You will be contacted before the maturity date to advise you of the options available.
- This is a limited-edition product and may be withdrawn without notice at any time.
- There is no cooling off period on this product.
- *Gross means the contractual rate of interest payable before the deduction of income tax. This account is tax free. AER stands for Annual Equivalent Rate and illustrates what the interest rate would be if interest was paid and added each year.
How to apply
Opening an account is easy and you can do that in any of our branches or by post.
Simply download, print and complete the application form. Then return your completed form, necessary identification and opening cheque to your preferred branch or post it to Loughborough Building Society, 56 Woodgate, Loughborough, LE11 2TZ, alternatively, you can scan your completed, signed application and identity documents to [email protected]. An electronic payment can be made once the account is opened.
Cheques must be payable to the account holder.
For postal applications we will accept photocopy or scanned documents, not photographs. The copy must be a clear, readable version of the full original document.
You should read all the product information to ensure this account is right for you and also the Financial Services Compensation Scheme Information Sheet and our General Terms and Conditions.
Download application form
Terms and Conditions
Before opening this account please read our General Terms and Conditions.
Financial Services Compensation Scheme
We are covered by the Financial Services Compensation Scheme (FSCS). The FSCS can pay compensation to depositors if a building society is unable to meet its financial obligations. It’s important that you read the FSCS Information Sheet. It provides basic information about the protection of your savings deposits.
Still need help?
Our help section is full of useful information, but if you can’t find what you need you can pop into one of our branches. Or if you’d rather just chat, give us a call.
Call us on 01509 631960
Monday – Friday
9am – 5pm
Weekends and bank holidays
Closed