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Britannia 2 Year Fixed Rate Bond

Our merger with Britannia means you can take advantage of more accounts, including the Britannia 2 Year Fixed Rate Bond.

When you're happy to invest your money for 2 years, you want a rate that could help your savings to grow. Simply invest at least £1,000.00 to £1,000,000.00 in the 2 Year Fixed Rate Bond and you'll secure a fixed interest rate. And that's not the only benefit on offer. With this account you're also free to choose to receive your interest monthly or annually. It is not possible to add to or withdraw from this account during the term of the product.

Apply now

Alternatively you can apply by calling 0808 156 1208 or in your local branch. Please remember to check the opening times as these may vary and we'd recommend calling your branch before you visit, to ensure availability.

If you choose to apply in branch it is advisable to take sufficient identification with you.

Interest rates

Interest rates

Interest rates for Britannia  2 Year Fixed Rate Bond
  Minimum Balance Gross AER
Annual interest £1,000.00 1.05% 1.05%
Monthly interest £1,000.00 1.04% 1.05%
Summary box

Summary box

Key Product Information for our Savings Account
Account name 2 Year Fixed Rate Bond - Issue 111
Interest rates (AERs) The minimum balance for this account is £1,000.00. The interest rate is fixed for the term of the Bond.
Tax status Interest will be paid without the deduction of tax
Condition for bonus payment No bonus payments exist for this Account
Withdrawal arrangements It is not possible to make withdrawals from this account until maturity so you should consider whether the amount you want to deposit leaves you with adequate emergency funds
Access Branch or by post

 

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Features and benefits

Features and benefits

  • Attractive fixed interest rate
  • Choose annual or monthly interest. Monthly interest will be paid into another Britannia or bank account of your choice. For annual interest, you have the option to add this to your account.
  • Choose to save between a minimum of £1,000.00 and a maximum of £1,000,000.00
  • Your account matures on its second anniversary your money is then transferred to a Matured Bond Instant Access Account
  • Can be opened as a single, joint or ‘Re' account
  • It is not possible to add to or withdraw from this account during the term of the product
  • Passbook based account
  • Interest earned from this account will contribute to your personal savings allowance

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Important Documentation

Important Documentation

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Definitions

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.

Tax Free - The contractual rate of interest payable where interest is exempt from income tax.

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

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

Remember you can subscribe to a Co-operative Bank/ Britannia Cash ISA as long as you have not subscribed to another cash ISA with another provider in the current tax year.

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). Find out more