2.00% Two Year Fixed Rate Bond - LIMITED OFFER

Current Interest Rate 2.00% Gross/AER

Current Interest Rate



Minimum Investment


Type of Account

Online Bonds and ISAs

Summary Box

Account Name

2.00% Two Year Fixed Rate eSavings Bond – Issue 12

What is the interest rate?

The interest rate is fixed at 2.00% Gross/2.00% AER.

Interest is calculated daily and paid annually on the anniversary of the account opening date and 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 and at the end of the fixed rate period based on a £1,000 deposit?

Based on the fixed rate of interest, if you deposited £1,000.00 in this account, after 12 months you would have £1,020.00.  At the end of the two year term the maturity balance would be £1,040.40.

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

How do I open and manage my account

Opening and managing your account

The Bond is only available to open online.  The Bond is not available to deposit account holders or an investor under the age of 16.

Savings limits and additional investments

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

Once the eSavings Bond is opened online the investment 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 variable rate accounts will be permitted without notice or penalty

Can I withdraw money?

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

Additional information

This two 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. 


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.


The Bond will mature two years 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.

This account is a non-payment account and therefore would not be used for making payment transactions.

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.

Apply Online

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

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