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Britannia

1 Year Britannia Fixed Rate Bond - issue 250

Know exactly what you’ll get in return with our 1 Year Fixed Rate Bond.


  • Earn an interest rate of 0.95% gross AER for one year.
    • This rate applies to the bonds launched on 15 September 2016 and is fixed throughout the one year term.
  • Deposit between £1,000 and £1,000,000 with this fixed interest rate.
  • You can choose whether you want to receive your interest monthly or annually.
    • Annual interest will be paid into your account at the end of the term.
    • Monthly interest will be paid into any other bank account of your choice.
  • Designed for medium-term saving.
    • You can’t withdraw or add to your fixed rate bond before maturity, so you need to make sure that you don’t need access to your savings during the term.
  • Can be opened as a single or joint account or on someone else’s behalf, for example a child's.
  • Comes with a passbook.
  • On maturity your money will be transferred to a variable rate instant access account.
    • This is a limited issue product and may be withdrawn without notice at any time.

Summary Box for 1 Year Britannia Fixed Rate Bond - issue 250

  • The information provided below is a summary of the key features of our 1 Year Fixed Rate Bond and is not intended to be a substitute for reading its terms and conditions.

Account name


1 Year Britannia Fixed Rate Bond- issue 250

What is the interest rate?


Interest paid annually
Gross 0.95% AER 0.95%
Interest paid monthly
Gross 0.94% AER 0.95%

Interest is calculated daily.

Interest paid annually will be paid into your account on maturity.

Interest paid monthly will be paid no later than before we open for business on the first working day after the end of each month. The final month’s interest payment will be added to this account. You can choose whether you’d like interest to be paid to another account with us or with another provider.

Once you have selected to have your interest paid either annually or monthly, you cannot change this.

Can Britannia change the interest rate?


No, the interest rate on your account is fixed and will not change during the 1 year term.

What would the estimated balance be at the end of the fixed term, based on a £1,000 deposit?


Initial deposit at account opening £1,000
Balance after 12 months £1,009.50
Interest earned £9.50

We have worked this out assuming:

  • You have chosen to receive your interest paid annually.

How do I open and manage my account?


Can I apply for this account?

To apply, you must be:

  • A UK resident.

This account can be opened in sole or joint names or on someone else’s behalf, for example a child's.

How do I apply for this account?

You can apply for this account:

  • Online.
  • Over the phone.
  • In branch by speaking to one of our advisers.

Is there a minimum and a maximum balance?

The minimum opening balance is £1,000.

The maximum balance is £1,000,000.

How do I make deposits into this account?

You can pay your initial deposits into this account with cash, cheque or by transfer from another account held with us.

Further deposits and withdrawals are not permitted during the term of this account.

How do I contact you to discuss this account?

You can contact us by telephone or in branch to discuss this account.

Can I withdraw money?


No, you can't make withdrawals from this account until maturity so you should consider whether the amount you want to deposit leaves you with adequate emergency funds.

This account matures on its one year anniversary and your money will be transferred to a variable rate instant access account unless you have provided us with your maturity instructions. We'll send you a letter before your maturity, to remind you of your maturity date and to let you know what options are available to you, when considering what you'd like to do with your money.

On maturity, you can access your money in branch or by post.

Additional information


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

Interest earned from this account will count towards any of your available personal savings allowance.

We will pay interest without deducting income tax. If you earn more interest than the amount permitted as tax free income, you will have to pay tax on the interest earned directly to HM Revenue & Customs. If you are not sure whether you will have to pay income tax, we recommend that you contact your local tax office or HM Revenue and Customs or visit gov.uk/hmrc/savingsallowance. For more information about childrens’ savings, visit gov.uk/savings-for-children.

Any reference to tax is based on our understanding of current tax regulations which may change in the future and depends on your individual financial circumstances.

Gross - The gross rate of interest is the interest rate payable before any income tax is deducted (if you do pay tax).

AER - Stands for Annual Equivalent Rate and illustrates what the interest rate would be if interest was paid and compounded once each year.

Working day - any day other than Saturday, Sunday or a bank holiday or public holiday in England and Wales.

To apply, you need to be:

  • A UK resident.

Approval is based on an assessment of your personal circumstances.

Ready to apply?

Please read our terms and conditions and other important documents before applying
  • All the information you’ve read so far (e.g. features, eligibility) can be found in the important documents below. We recommend that you save a copy of these important documents for future reference.
Get started

Important documents

pdf

Product Specific Terms and Conditions & Summary Box (which contains interest rates)

Download PDF (729KB)
pdf

Britannia General terms & conditions

Download PDF (979KB)
pdf

How we use your personal information

Download PDF (290KB)

Any reference to tax is based on our understanding of current tax regulations which may change in the future and depends on your individual financial circumstances.

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

smile, The Co-operative Bank and Britannia are trading names of The Co-operative Bank plc, which is a member of the Financial Services Compensation Scheme (FSCS).

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