1.20% One Year Fixed Rate eSavings Bond Issue 23 - LIMITED OFFER

Current Interest Rate 1.20% Gross/AER

Current Interest Rate

1.20%

Gross/AER

Minimum Investment

£1,000

Type of Account

Online Bonds and ISAs

Summary Box

Account Name

1.20% One Year Fixed Rate eSavings Bond – Issue 23

What is the interest rate?

The interest rate is fixed at 1.20% Gross/AER.

 

Interest is calculated daily and paid on maturity. Annual interest can be added to the Bond account or paid to a nominated bank account or other suitable Furness account

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 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 £1,012.00. 

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 and managing your account

The Bond is available to open online.

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.

Managing your account

Once the eSavings Bond is opened online the payment 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.  

 

Can I withdraw money?

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

Additional information

This one year eSavings Bond is a share account with Furness Building Society and you will become a member of the Society on opening the account.  The Bondholder agrees to be bound by the rules of the Society and the terms and conditions in addition to the Furness eSavings Online General Terms and Conditions.  You must read the ‘Furness eSavings Online General Terms and Conditions’ to ensure you fully understand how your account works and your responsibilities as an account holder.

 

Current copies are available on our website www.furnessbs.co.uk. 

 

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 contact 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 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 an online access account.

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.

 

Apply Online

When you apply online you will be redirected to a login on our eSavings platform.

New Customer
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Existing Furness Customers
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Not registered for eSavings? Register and apply

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