Britannia Maturity Fixed Rate Bond applications

Summary

Learn more about how to complete your application, add another account holder and why we ask about citizenship.

To reinvest, you need to be:

  • 16 or over.
  • A UK resident.
  • An existing Britannia Fixed Rate Bond customer who is looking to reinvest their funds after maturity.

How to add another account holder

On your maturity form, there’s an opportunity to add another account holder to your bond.

Both you and the other account holder will need to fill in your personal details and sign the document.

You can learn more about which documents we accept as proof of ID in our terms and conditions.

What happens after I’ve posted my maturity form?

Once we’ve received your maturities form, it can take up to 14 days before we confirm your application.

If you’re reinvesting your bond, however, you won’t lose any interest if we receive your form before the maturity date.

Why we ask about citizenship and tax residence

In your application we ask you to tell us whether you are a US citizen and the country or countries where you are tax resident. All UK banks have to do this following the introduction of international rules on the automatic exchange of information for tax purposes

It’s important to fill in these fields correctly, otherwise we may need to contact you to complete your application.

Do I need to attach my passbook when returning my maturity form?

No, you don’t need to attach your passbook.

Please take your passbook with you when visiting us in branch.

How do I know you’ve received my maturity form?

We can send you a text message once we’ve received your maturity form.

To enable this feature, please tick the box on your maturity form and insert your phone number.

Important information

Please read the important documents below and save copies of them for future reference.

PDF documents

Maturity Fixed Rate Bond terms and conditions (PDF)

General terms and conditions for savings account (PDF)

Savings terms explained

AER stands for Annual Equivalent Rate and shows what the interest rate would be if interest were paid and added to your account each year.

Business day is usually Monday to Friday excluding bank holidays.

Calendar month means from midnight on the first day of a month to 11.59:59pm on the last day of the month.

Fixed interest means the rate stays the same until the account matures.

Gross is the rate of interest payable before any tax is taken off.

Tax-free means you will not pay any tax on your interest.

Tax year runs from 6 April to 5 April.

Variable interest means that it could go up or down.

Please note: any reference to tax is based on our understanding of current tax regulations which may change in the future and depend on the customer's individual financial circumstances.

The Co-operative Bank reserves the right to decline or accept any application and/or deposit.

Financial Services Compensation Scheme

Your eligible deposits held by a UK establishment of The Co-operative Bank plc are protected up to a total of £85,000 by the Financial Services Compensation Scheme, the UK's deposit guarantee scheme. This limit is applied to the total of any deposits you have with the following: The Co-operative Bank, Britannia and smile. Any total deposits you hold above the limit between these brands are unlikely to be covered.

Please read further information on the FSCS scheme here or visit their website.

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