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.
- Annual interest will be deposited directly into your bond or 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 275 | |
|---|---|
| Interest paid annually | |
| 0.40% Gross | |
| 0.40% AER | |
| Interest paid monthly | |
| 0.37% Gross | |
| 0.37% AER | |
| View product | |
| 2 Year Britannia Maturity Fixed Rate Bond - issue 138 | |
|---|---|
| Interest paid annually | |
| 0.43% Gross | |
| 0.43% AER | |
| Interest paid monthly | |
| 0.40% Gross | |
| 0.40% AER | |
| View product | |
| 3 Year Britannia Maturity Fixed Rate Bond - issue 98 | |
|---|---|
| Interest paid annually | |
| 0.53% Gross | |
| 0.53% AER | |
| Interest paid monthly | |
| 0.50% Gross | |
| 0.50% AER | |
| View product | |
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 275
What is the interest rate?
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.
If you're paid your interest annually you'll receive it on the first Business Day^ after each anniversary
If you're paid your interest monthly you'll receive it on the first Business Day^ of the following month. So, for example, you'd get January's interest on the first Business Day^ in February.
Where can my interest be paid to?
Annual interest can either be paid into this account or another account of your choice (either with us or another provider).
Monthly interest will be paid to another account of your choice (either with us or another provider) but 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
What would the estimated balance be at the end of the fixed term, based on a £1,000 deposit?
| Initial deposit at account opening | £1,000.00 |
| Balance after 1 year | £1,004.00 |
We have worked this out assuming:
- 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?
Can I apply for this account?
To apply, you must be a UK resident and have held one of the following accounts, which has matured within the last one month period (i.e. if you matured on 1 January, you would have until 1 February):
- A Britannia Fixed Rate Bond
- A Britannia Fixed Rate Cash ISA
- Another Britannia fixed term savings account.
It can be opened as a sole or joint account.
It can also be opened on behalf of someone else, such as a child.
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 with your pre-maturity pack.
- In branch - by speaking to one of our advisors.
- Online - Depending upon your circumstances, you may be able to re-invest into this account online. If you have a maturing Britannia Fixed Rate Cash ISA or other Britannia fixed term savings account, you can reinvest in this account by visiting a branch.
Is there a minimum and a maximum balance?
You need at least £500 to open this account.
The maximum you can deposit in it is £1,000,000.
How do I make deposits into this account?
You can pay into this account by re-investing funds from a maturing Britannia Fixed Term account when it reaches the end of its fixed term (i.e. on maturity). If you would like to add additional money to the account at this time (or up to 14 days after the account has been opened), you can do so 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.
How do I contact you 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.
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 by giving us instructions 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 & Customs or visit www.gov.uk/hmrc/savingsallowance. For more information about childrens' savings, visit www.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.
Business Day - A Business Day is usually Monday to Friday (excluding bank holidays).
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 138
What is the interest rate?
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.
If you're paid your interest annually you'll receive it on the first Business Day^ after each anniversary
If you're paid your interest monthly you'll receive it on the first Business Day^ of the following month. So, for example, you'd get January's interest on the first Business Day^ in February.
Where can my interest be paid to?
Annual interest can either be paid into this account or another account of your choice (either with us or another provider).
Monthly interest will be paid to another account of your choice (either with us or another provider) but 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
What would the estimated balance be at the end of the fixed term, based on a £1,000 deposit?
| Initial deposit at account opening | £1,000.00 |
| Balance after 2 Years | £1,008.61 |
We have worked this out assuming:
- 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?
Can I apply for this account?
To apply, you must be a UK resident and have held one of the following accounts, which has matured within the last one month period (i.e. if you matured on 1 January, you would have until 1 February):
- A Britannia Fixed Rate Bond
- A Britannia Fixed Rate Cash ISA
- Another Britannia fixed term savings account.
It can be opened as a sole or joint account.
It can also be opened on behalf of someone else, such as a child.
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 with your pre-maturity pack.
- In branch - by speaking to one of our advisors.
- Online - Depending upon your circumstances, you may be able to re-invest into this account online. If you have a maturing Britannia Fixed Rate Cash ISA or other Britannia fixed term savings account, you can reinvest in this account by visiting a branch.
Is there a minimum and a maximum balance?
You need at least £500 to open this account.
The maximum you can deposit in it is £1,000,000.
How do I make deposits into this account?
You can pay into this account by re-investing funds from a maturing Britannia Fixed Term account when it reaches the end of its fixed term (i.e. on maturity). If you would like to add additional money to the account at this time (or up to 14 days after the account has been opened), you can do so 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.
How do I contact you 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.
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 by giving us instructions 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 & Customs or visit www.gov.uk/hmrc/savingsallowance. For more information about childrens' savings, visit www.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.
Business Day - A Business Day is usually Monday to Friday (excluding bank holidays).
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 98
What is the interest rate?
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.
If you're paid your interest annually you'll receive it on the first Business Day^ after each anniversary
If you're paid your interest monthly you'll receive it on the first Business Day^ of the following month. So, for example, you'd get January's interest on the first Business Day^ in February.
Where can my interest be paid to?
Annual interest can either be paid into this account or another account of your choice (either with us or another provider).
Monthly interest will be paid to another account of your choice (either with us or another provider) but 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
What would the estimated balance be at the end of the fixed term, based on a £1,000 deposit?
| Initial deposit at account opening | £1,000.00 |
| Balance after 3 Years | £1,015.97 |
We have worked this out assuming:
- 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?
Can I apply for this account?
To apply, you must be a UK resident and have held one of the following accounts, which has matured within the last one month period (i.e. if you matured on 1 January, you would have until 1 February):
- A Britannia Fixed Rate Bond
- A Britannia Fixed Rate Cash ISA
- Another Britannia fixed term savings account.
It can be opened as a sole or joint account.
It can also be opened on behalf of someone else, such as a child.
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 with your pre-maturity pack.
- In branch - by speaking to one of our advisors.
- Online - Depending upon your circumstances, you may be able to re-invest into this account online. If you have a maturing Britannia Fixed Rate Cash ISA or other Britannia fixed term savings account, you can reinvest in this account by visiting a branch.
Is there a minimum and a maximum balance?
You need at least £500 to open this account.
The maximum you can deposit in it is £1,000,000.
How do I make deposits into this account?
You can pay into this account by re-investing funds from a maturing Britannia Fixed Term account when it reaches the end of its fixed term (i.e. on maturity). If you would like to add additional money to the account at this time (or up to 14 days after the account has been opened), you can do so 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.
How do I contact you 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.
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 by giving us instructions 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 & Customs or visit www.gov.uk/hmrc/savingsallowance. For more information about childrens' savings, visit www.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.
Business Day - A Business Day is usually Monday to Friday (excluding bank holidays).
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Although our Maturity Britannia Fixed Rate Bonds are limited issue and can be withdrawn without notice, we promise to honour the rates contained within your maturity pack as long as we receive your reinvestment instructions before your maturity date. On or after this date you may be offered a lower rate. However, if we increase the rate on the Maturity Britannia Fixed Rate Bond you have chosen between your letter being sent and your maturity date, you will automatically receive the higher rate.
These are the details of the current Maturity Britannia Fixed Rate Bonds we are offering to customers with maturing accounts. If you have been offered higher rates in your maturity pack, we promise to honour those rates as long as we receive your reinvestment instructions before your maturity date. If more than one month has passed since your Britannia Fixed Rate Bond matured, you cannot reinvest in a Maturity Britannia Fixed Rate Bond. However, you may be able to apply for a Britannia Fixed Rate Bond. Customers must provide their instructions to reinvest within a month of maturity if they wish to reinvest into a Maturity Britannia Fixed Rate Bond.
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 and other important documents before applying.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.
Important documents
Product Specific Terms and Conditions & Summary Box (which contains interest rates)
Download Product Specific Terms and Conditions & Summary Box (which contains interest rates) PDF (985KB)Britannia Savings General Terms and Conditions
Download Britannia Savings General Terms and Conditions PDF (979KB)Managing your Britannia Savings account (including Charges)
Download Managing your Britannia Savings account (including Charges) PDF (1.42MB)How we use your personal information
Download How we use your personal information PDF (290KB)The Financial Services Compensation Scheme Information Sheet and Exclusions List
Download The Financial Services Compensation Scheme Information Sheet and Exclusions List PDF (3.4MB)Other ways to reinvest
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
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).
What is the difference between receiving interest monthly or annually?
In one sense, it is a choice between receiving your interest on a month-by-month basis or at the end of a 12 month period. However, for monthly interest, there may also be a difference between the gross and AER percentage of a product. This is because, if that interest had been left in your savings account, the interest you accrued will also then gain interest. When that interest is paid out monthly to another account, it cannot gain interest. AER takes this into account. Gross does not.
Annual Equivalent Rate
Stands for Annual Equivalent Rate and illustrates what the interest rate would be if interest was paid and compounded once each year.
Gross
The gross rate of interest is the interest rate payable before any income tax is deducted (if you do pay tax).
Contact us
If you'd like more help & information, you can:
