1.10% One Year Fixed Rate Bond Issue 38 - LIMITED OFFER

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Fixed Rate Bonds are limited and can be withdrawn at any time – so click “Apply Now” and secure the rate today

Current Interest Rate

1.10%

Gross/AER

Minimum Investment

£1,000

Type of Account

Branch Bonds and ISAs

 

Apply Now

Or call us on

0800 834 312

Summary Box

Account Name

One Year Fixed Rate Bond (Issue 38)

What is the interest rate?

The interest rate is fixed at 1.10% Gross/AER.

Interest is calculated daily, paid on maturity and will be added to the 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 after 12 months (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, after 12 months you would have £1,011.00.

This figure is for illustration purposes only and is based on annual interest being added to the account on maturity.

How do I open and manage my account

Opening your account

Simply call into your local Furness branch or agency or call Furness Direct on 0800 834 312 to request an application pack.  You will need to provide some identification when you open your account and details of our requirements can be obtained from your local branch or agency, by contacting Furness Direct or on our website.  If you are already a Furness customer, in most cases this will not be necessary.  When you open your account you will receive a passbook.

The Bond is not available to deposit account holders or a saver under the age of 16.

Savings limits and additional investments

The minimum opening deposit in the Bond is £1,000 and the maximum is £250,000 (£500,000 joint).  Additional deposits in the Bond after the starting date will not be permitted.

Payments into the account can be made by electronic payment, or by cash or cheque at your local branch or agency.  You may also send a cheque through the post.  Please ensure that cheques are made payable to yourself and quote the account number on the payee line.

Transfers in from other Furness Building Society fixed rate products will not be permitted.  

Managing your account

Transfers of name or additional account holders can be arranged on request.  To manage your account, visit us at a branch or agency or by sending us your written instructions.

Can I withdraw money?

No withdrawals or closure are allowed within the one year term.

Additional information

This one year Bond is a share account with Furness Building Society.

The Bondholder agrees to be bound by the rules of the Society (copies available on request) and the terms and conditions in addition to the General Savings Terms and Conditions.  The following information must be read in conjunction with the separate “General Savings Terms and Conditions and Other Important Information” booklet supplied to you.  These contain important information to help you fully understand how your account works and your responsibilities as an account holder. 

Current copies are available on request from any of our Branches or Agencies or by calling 0800 834312

Cancellation

You have 14 days after the contract is entered into to notify us in writing at our Head Office or one of our branches or agencies if you want to change your mind.  If you notify us within this time, we will help you switch to another of our accounts or give you back your money (subject to any cheque clearance periods) together with any interest it has earned.  If you do not exercise your right to change your mind, you will be bound by these Terms and Conditions.

Maturity

The Bond will mature one year from date of opening.

We will write to you within 14 days of the maturity date of your Bond to explain the options available to you on maturity and we will require your written consent to re-invest in another product at that time.  In the event that we do not receive your instructions your maturing funds will be transferred to our Furness Access Saver.

General information

The Bond can be closed on the death of the investor with no notice or charge.

Please note:
Where interest is paid Gross this means tax will not be deducted from the interest Furness Building Society pays on your savings.

AER stands for the Annual Equivalent Rate and illustrates what the interest rate would be if interest was paid and added each year (excluding bonuses).

Furness Building Society is authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority. Furness Building Society is on the Financial Services Register under registration number 159624.

Your call may be monitored or recorded to maintain a quality service.

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