Fixed Rate Bond - 5.90% Gross p.a /AER
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5.90% Fixed Rate Bond fixed until 14th April 2009 - Issue 67 |
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Min amount to open account
(annual interest option) |
Investment Amount
(annual interest) |
Gross (%) |
AER (%) |
Net (%) |
|
£1,000 |
£1,000 plus |
5.90 |
5.90 |
4.72 |
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Min amount to open account
(monthly interest option) |
Investment Amount
(monthly interest) |
Gross (%) |
AER (%) |
Net (%) |
|
£5,000 |
£5,000 plus |
5.75 |
5.90 |
4.60 |
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Apply Now - Fixed Rate Bond Issue 67 |
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More Info - Fixed Rate Bond - Issue 67 |
Rates effective from 19th April 2008
Features
- The fixed rate bond is a limited issue, and we expect high demand.
- Guaranteed return of your investment on maturity.
- You are able to make additional investments into the account up to the overall limit of £500,000 but only whilst this issue remains open.
- Gross interest available to eligible non-taxpayers.
- You will need a minimum balance of £1,000 to keep your account open.
- You may open the bond with a minimum of £500 and add to the account, up to a maximum investment limit of £500,000, but only whilst the issue is still available.
- Interest is calculated on a daily basis and will be credited annually at midnight commencing on 1st April 2009 and up until midnight on 14th April 2009.
- Monthly income option is available on this account - For monthly interest a minimum balance of £5,000 is required.
- Instant withdrawals subject to 90 day interest penalty - If insufficient interest has accrued to cover the loss, adjustment made to capital balance.
Age restriction:
Restrictions on deposits:
Withdrawals:
- Instant withdrawals subject to 90 day interest penalty - If insufficient interest has accrued to cover the loss, adjustment made to capital balance.
Maturity:
- The bond will mature on 15th April 2009, interest having been calculated up until midnight on the previous day.
- We will contact you prior to that date to offer alternative investment opportunities. You are guaranteed a return of your investment on maturity together with any interest accrued.
Interest:
- Interest is calculated on a daily basis and will be credited annually at midnight commencing on 1st April 2009 and up until midnight on 14th April 2009.
- You can have the interest transferred to your bank account, another Stroud & Swindon account, or added to your new bond.
Tax:
- Interest will be paid or credited after deduction of income tax at the appropriate rate
- Non-taxpayers must first complete the appropriate HM Revenue & Customs declaration (R85) (Please contact your local Tax Office if you are unsure about your eligibility for tax-free interest)
How do I open a Fixed Rate Bond?
Net rates assume the lower rate of income tax of 20%. These figures are rounded and are for illustrative purposes only.
AER stands for Annual Equivalent Rate and illustrates what the interest rate would be if the interest was paid and compounded each year.
GROSS: The gross contractual rate of interest before the deduction of tax at the appropriate rate specified by law. Interest will be paid gross to non-taxpayers subject to the required HM Revenue & Customs certification (R85).