Britannia Fixed Rate Bond

For people who want to lock away a lump sum for 1, 2 or 3 years and earn a fixed
rate of interest.

Save from £1,000 to £1,000,000 and choose from monthly or annual interest payments.

Annual Gross/AER Monthly Gross Monthly AER
1 year Fixed Rate Bond - issue 278 0.15% 0.14% 0.14%
2 year Fixed rate Bond - issue 141 0.21% 0.20% 0.20%
3 year Fixed Rate Bond - issue 99 0.26% 0.25% 0.25%

Features

  • Start saving with £1,000 or more
  • Know exactly how much interest you’ll earn
  • No withdrawals allowed
  • At the end of your term, access your money in branch or by post
  • Sole and joint accounts available

Summary box for Britannia Fixed Rate Bonds

Account name

Britannia Fixed Rate Bond

What is the interest rate?

Annual Gross/AER Monthly Gross Monthly AER
1 year Fixed Rate Bond - issue 278 0.15% 0.14% 0.14%
2 year Fixed rate Bond - issue 141 0.21% 0.20% 0.20%
3 year Fixed Rate Bond - issue 99 0.26% 0.25% 0.25%

Interest is calculated daily. It can either be paid to you annually or monthly. Once you've chosen this you can't change your mind during the term.

Annual interest

If you choose annual interest, you'll receive it on the first business day after each anniversary. Annual interest can either be paid into this account or another account of your choice - either with us or another provider.

Monthly interest

If you choose monthly interest, you'll receive it on the first business day of the following month. For example, you'd receive January's interest on the first business day in February. Monthly interest will be paid to another account of your choice - either with us or another provider. Your final month's payment will be added to this account.

Can Britannia change the interest rate?

No. the interest rate is fixed. It won't change until the account matures at the end of your term.

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

Balance at end of fixed term
1 year Fixed Rate Bond - issue 278 £1001.50
2 year Fixed Rate Bond - issue 141 £1004.20
3 year Fixed Rate Bond - issue 99 £1007.81

This calculation is for illustrative purposes only and assumes:

  • You've chosen to receive your interest annually
  • You've chosen to add your interest to the account

How do I open and manage my account?

Open an account

To open an account you must be a UK resident.
You can open an account:

  • online
  • over the phone
  • in branch
  • in sole or joint names
  • on behalf of someone else, such as a child
  • with a minimum opening deposit of £1,000 - to be paid within 14 days

There is a minimum opening balance of £1,000. There is a maximum balance of £1,000,000.

You've got 14 days from when we open your account to pay in the minimum balance of £1,000. You can do this in one lump sum or through multiple payments. If after 14 days you haven't met the minimum balance, we'll close the account and return any funds to you.

You can pay your initial deposit(s) into this account by cash, cheque or transfer from another account held with us or another provider.

No further deposits are allowed after the 14 days from account opening, but you can have more than one Fixed Rate Bond.

How do I manage this account and get in contact?

You can contact us, and manage the account:

  • over the phone
  • in branch
  • by post

Can I withdraw money?

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

At the end of the fixed term, your account matures and your money will be put into a variable rate instant access account - unless you provide us with other maturity instructions. We'll send you a letter when your fixed term is coming to an end. It'll remind you of your maturity date and let you know what options are available to you - such as re-investing or withdrawing.

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

Additional information

If you are or have previously been made bankrupt, you can still apply.

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

Interest earned from this account will count towards your Personal Savings Allowance. You may need to pay tax to HM Revenue & Customs if the total interest you earn is greater than your Personal Savings Allowance. Visit the Government’s website for more information on this and interest on savings for children.

Apply for a Britannia Fixed Rate Bond

You must:

  • be a UK resident
  • have £1,000 or more for an initial deposit

Approval is based on a credit check, an assessment of your personal circumstances
and is subject to status.

More about credit checks for savings accounts

Before you apply

Please read these important documents↓ and save them for future reference.

Apply online

It will take around 10 minutes to complete this application. You can save your progress and come back at any time.

Select your Fixed Rate Bond and how you would like your interest to be paid:

Savings terms explained

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

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.

Business day is usually Monday to Friday excluding bank holidays.

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.

FSCS logo

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 click here for further information or visit www.fscs.org.uk

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