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Fixed rate bonds provided by Britannia

Britannia Maturity Fixed Rate Bonds

If you have a Britannia Fixed Rate Bond that’s about to mature, this is exclusively for you.


  • You’re guaranteed the rate printed in the letter we sent you, provided we receive your completed maturity form before your maturity date.
  • You can deposit between £500 - £1,000,000 with this bond.
  • Earn a fixed rate of interest throughout your term.
    • You can’t make any withdrawals or deposits to this account during the product term.
  • Choose whether you want to receive your interest payments monthly or annually.
    • Monthly interest can be paid into a Britannia/Co‑operative Bank account, or any other of your choice.
    • For one year bonds, annual interest will be deposited directly into your bond. For two and three year bonds you also have the choice for your interest to be paid into another account.
  • If you have a Personal Savings Allowance, the interest you earn on this account will count towards it.
  • Available as a joint account
  • When your account matures, your money will be transferred to a Matured Bond Instant Access Account.
  • Comes with a passbook.

Compare Britannia Fixed Rate Bond interest rates

The main differences between our fixed rate bonds are the length of their term and the interest rate you could earn.

1 Year Britannia Maturity Fixed Rate Bond - issue 251
Interest paid on maturity
1.00% Gross
1.00% AER
Interest paid monthly
0.96% Gross
0.97% AER
2 Year Britannia Maturity Fixed Rate Bond - issue 112
Interest paid on maturity
1.09% Gross
1.09% AER
Interest paid monthly
1.06% Gross
1.06% AER
3 Year Britannia Maturity Fixed Rate Bond - issue 72
Interest paid on maturity
1.25% Gross
1.25% AER
Interest paid monthly
1.21% Gross
1.22% AER
What is the difference between annual and monthly interest?

Summary Box for 1 Year Britannia Maturity Fixed Rate Bond

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

Account name


1 Year Britannia Maturity Fixed Rate Bond - issue 251

What is the interest rate?


Interest paid annually
Gross 1.00% AER 1.00%
Interest paid monthly
Gross 0.96% AER 0.97%

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 1 year £1,010.00
Interest earned £10.00

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 have held one of the following accounts, which has matured within the last 30 days:

  • A Britannia Fixed Rate bond.
  • A Britannia Fixed Rate Cash ISA.
  • Another Britannia fixed term savings account.

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?

If you have a maturing Britannia Fixed Rate Bond, you can re-invest in this account by:

  • Post - by completing and returning the reinvestment form sent within your pre-maturity pack.
  • In branch - by speaking to one of our advisors.
  • Online - depending upon your circumstances, you may be able to provide us with maturity instructions online.

If you have a maturing Britannia Fixed Rate Cash ISA or other Britannia fixed term savings account, you can re-invest in this account by visiting a branch.

Is there a minimum and a maximum balance?

The minimum opening balance is £500.

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 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.

Summary Box for 2 Year Britannia Maturity Fixed Rate Bond

  • The information provided below is a summary of the key features of our 2 Year Maturity Fixed Rate Bond and is not intended to be a substitute for reading its terms and conditions.

Account name


2 Year Britannia Maturity Fixed Rate Bond - issue 112

What is the interest rate?


Interest paid annually
Gross 1.09% AER 1.09%
Interest paid monthly
Gross 1.06% AER 1.06%

Interest is calculated daily.

Interest paid annually will be paid no later than before we open for business on the first working day after each anniversary.

You can choose whether you’d like interest paid annually to be:

  • Added to your account.
  • Paid to a different account either with us or another provider.

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 2 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 2 Years £1,021.91
Interest earned in Year 1 £10.90
Interest earned in Year 2 £11.01

We have worked this out assuming:

  • You have chosen to receive your interest paid annually.
  • You have chosen to add your interest to the account.

How do I open and manage my account?


Can I apply for this account?

To apply, you must have held one of the following accounts, which has matured within the last 30 days:

  • A Britannia Fixed Rate bond.
  • A Britannia Fixed Rate Cash ISA.
  • Another Britannia fixed term savings account.

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?

If you have a maturing Britannia Fixed Rate Bond, you can re-invest in this account by:

  • Post - by completing and returning the reinvestment form sent within your pre-maturity pack.
  • In branch - by speaking to one of our advisors.
  • Online - depending upon your circumstances, you may be able to provide us with maturity instructions online.

If you have a maturing Britannia Fixed Rate Cash ISA or other Britannia fixed term savings account, you can re-invest in this account by visiting a branch.

Is there a minimum and a maximum balance?

The minimum opening balance is £500.

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 two 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 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.

Summary Box for 3 Year Britannia Maturity Fixed Rate Bond

  • The information provided below is a summary of the key features of our 3 Year Maturity Fixed Rate Bond and is not intended to be a substitute for reading its terms and conditions.

Account name


3 Year Britannia Maturity Fixed Rate Bond - issue 72

What is the interest rate?


Interest paid annually
Gross 1.25% AER 1.25%
Interest paid monthly
Gross 1.21% AER 1.22%

Interest is calculated daily.

Interest paid annually will be paid no later than before we open for business on the first working day after each anniversary.

You can choose whether you’d like interest paid annually to be:

  • Added to your account.
  • Paid to a different account either with us or another provider.

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 3 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 3 Years £1,037.96
Interest earned in Year 1 £12.50
Interest earned in Year 2 £12.65
Interest earned in Year 3 £12.81

We have worked this out assuming:

  • You have chosen to receive your interest paid annually.
  • You have chosen to add your interest to the account.

How do I open and manage my account?


Can I apply for this account?

To apply, you must have held one of the following accounts, which has matured within the last 30 days:

  • A Britannia Fixed Rate bond.
  • A Britannia Fixed Rate Cash ISA.
  • Another Britannia fixed term savings account.

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?

If you have a maturing Britannia Fixed Rate Bond, you can re-invest in this account by:

  • Post - by completing and returning the reinvestment form sent within your pre-maturity pack.
  • In branch - by speaking to one of our advisors.
  • Online - depending upon your circumstances, you may be able to provide us with maturity instructions online.

If you have a maturing Britannia Fixed Rate Cash ISA or other Britannia fixed term savings account, you can re-invest in this account by visiting a branch.

Is there a minimum and a maximum balance?

The minimum opening balance is £500.

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 three 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 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 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.

Approval is subject to status.

Ready to reinvest?

Please read our terms and conditions before you start

Takes about 10 minutes

  • All the information you’ve read so far (e.g. features, eligibility) can be found in your terms and conditions, so we recommend downloading a copy for your own reference.
Get started

Important documents

pdf

Product Specific Terms and Conditions & other important information

Download PDF (372KB)

Other ways to reinvest

post

By post

We’ll write to you a few weeks before your account is due to mature and enclose a maturity options form. Simply complete the form, then sign and return it to us in the envelope provided, leaving enough time for it to reach us before your maturity date.

In branch

We'd recommend booking an appointment by calling your local Co‑operative Bank branch during normal working hours. Please bring along some identification, with a signature, when you visit us in-branch.


Need help with your application?

Please read our guide to completing your form

Read guide

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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