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One Year Fixed Rate Bond – Issue 109 – Maturity Date 30 September 2023

Home > Savings > Limited access > One Year Fixed Rate Bond - Issue 109 - Maturity Date 30 September 2023
Product
Balance
AER
Gross
 
One Year Fixed Rate Bond – Issue 109 – Maturity Date 30 September 2023
£5,000 or more
2.20%
2.20%
Product
One Year Fixed Rate Bond – Issue 109 – Maturity Date 30 September 2023
Balance
£5,000 or more
AER
2.20%
Gross
2.20%
  • Minimum investment £5,000
  • Maximum investment £170,000 per account
  • Only one account per member
  • Available to new members and existing members aged 16 years and over residing in the United Kingdom.
  • An Investment Certificate will be issued when the account is opened, annual statements are not provided but are available on request.
Summary Box
Account NameOne Year Fixed Rate Bond – Issue 109 – Maturity Date 30 September 2023
What is the Interest Rate?
    • Interest Rate is fixed and is 2.20% Gross/AER*.
    • Interest is calculated daily, paid on 30th September 2022 then on maturity on 30th September 2023.
    • Interest can be added to the account or paid to another Loughborough Building Society account.
Can the Loughborough Building Society change the Interest Rate?
    • No, the interest rate is fixed until 30th September 2023.
What would the estimated balance be after 12 months based on a £5,000 deposit?
    • If you deposited £5,000 in this account, after 12 months you would have £5,110.00.
    • 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 will need to provide a completed application form along with proof of your identity and address.
    • Available to new members and existing members aged 16 years and over residing in the United Kingdom.
    • Only one account per member.
    • Minimum investment £5,000.
    • Maximum investment £170,000 per account.
    • Additional deposits are permitted but must be received by 30th September 2022
    • 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 Monday 2nd October 2023.
    • The account may be closed without penalty or notice should the investor die before maturity.
    • The account will mature at midnight on 30th September 2023. On the day after maturity (1st October 2023), 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.
    • 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.

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.

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, 6 High Street, Loughborough LE11 2QB.

Cheques must be payable to the account holder.

For postal applications we will accept photocopy identification documents as long as they are certified by an appropriate person such as a solicitor, accountant, bank or building society official or other financial services approved person and we are provided with sufficient information to be able to contact that person.

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 an application form