Furness Building Society offers a range of fixed rate bonds that can help you grow your savings over time. These savings accounts can range from 1 to 5 years and can be managed in branch or online.
With Bonds, the rate of interest on your savings is guaranteed for a fixed period of time. You’ll need to make sure that you don’t need access to your savings for the term of the bond, as you won’t be able to make a withdrawal from the bond.
Bonds are suited to savers who have a lump sum of money to invest over time and want the security of a fixed return on their savings.
Fixed Rate Bonds are limited and can be withdrawn at any time – so click “Apply Now” and secure the rate today
1.40% Fixed Rate Bond - Fixed until 30/04/2021
|What is the interest rate?||
The interest rate is fixed at 1.40% Gross/1.40% AER.
Interest is calculated daily and paid on maturity. Interest can be added to the Bond account or paid to a nominated bank account or other suitable Furness account. Alternatively you can choose to have the interest paid monthly to a nominated bank account or other suitable Furness account. Monthly interest cannot be added to the Bond.
|Can Furness Building Society change the interest rate?||
As the interest rate is fixed, the rate will not change for the term of the account.
|What would the estimated balance be at the end of the fixed rate period based on a £1,000 deposit?||
Based on the fixed rate of interest, if you deposited £1,000 in this account on 1 August 2019, at the end of the term the maturity balance would be £1,024.51.
These figures are for illustration purposes and are based on no withdrawals or changes in interest rate throughout the term of the account.
|How do I open and manage my account||
|Can I withdraw money?||
No withdrawals or closure are allowed within the term.
Please confirm you have read the important information below. Only when you have read the information and fully understand how the account works should you click to download the application form. We recommend that you print a copy of the documents for your records and keep them in a safe place.