1 Year Fixed Rate Loyalty Bond (Issue 7)
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Summary Box
| Account name | 1 Year Fixed Rate Loyalty Bond (Issue 7) |
|---|---|
| What is the interest rate? |
4.2% Gross PA / AER*. Interest is calculated on a daily basis and added to your account on maturity of the bond. |
| Can Harpenden Building Society change the interest rate? | The interest rate for this account is fixed, which means it won’t change during the 1 year account term. |
| What would the estimated balance be after 12 months based on a £1,000 deposit? |
The estimated balance after 12 months based on a deposit of £1,000.00 would be £1,042.00. This projection is provided as an example only and doesn’t take into account your individual circumstances. We have worked this out assuming a £1,000 deposit is made on account opening. |
| How do I open and manage my account? |
This account can only be opened by existing members of Harpenden Building Society who are aged 18 or over and are a UK resident. |
| Can I withdraw money? |
No withdrawals or early access allowed. On maturity, the full amount in your account including interest accrued will be transferred into an Instant Access account with a variable interest rate, unless you provide separate instructions prior to the maturity date. |
| Additional information |
This account has limited availability, and the Society reserves the right to withdraw it without notice at any time. Interest is paid gross without tax deducted. Some savers may be required to pay tax on their savings interest - this should be arranged directly with HMRC through your tax return. Your tax treatment will depend on your individual circumstances and may be subject to change in the future. The Society reserves the right to withdraw this product without notice at any time. We will contact you prior to your account maturity and outline your options regarding your Bond account. |
* The gross rate is the rate before deducting tax at the rate applicable to savings income. The annual equivalent rate (AER) is a notional rate which illustrates what the gross interest rate would be if the interest was paid and added to the account annually.
The information contained in this table forms part of the terms and conditions of the account and should be read in conjunction with our General Savings Account Terms and Conditions for Retail Savings Accounts.