Important Information
*How do Bonds work
You need to be aged 16+ to open a Fixed Rate Bond
Deposits must be received within 10 working days of opening your account (minimum £1).
Once Bonds are opened no withdrawals are allowed.
You can have more than one Fixed Rate Bond.
Your interest can be paid annually or monthly.
On maturity, your Fixed Bond will mature into a Matured Funds Account, which currently pays a variable interest rate from1.39% gross/1.40% AER.
Your savings will automatically move into a TSB Matured Funds account at maturity, unless you tell us you'd like to do something different with your money. Your account number and sort code will not change. You can access your money instantly by closing the account at any time. Interest is paid monthly and statements are issued annually upon anniversary of the TSB Matured Fund account opening.
The Annual Equivalent Rate (AER) shows what the interest would be if the interest was paid and added to the account once each year. It lets you compare savings accounts easily. Gross rate means that credit interest is paid without income tax being deducted. Tax-free is the contractual rate of interest payable where interest is exempt from income tax.
