fixed rate bond 9
Do you want to fix your interest rate?
THIS PRODUCT IS NOW A CLOSED ISSUE
Click here for the summary box - key product information for this savings account .
If you like the idea of earning a fixed rate of interest on your savings, then take a look at our fixed rate investment bond. You can open a bond with £2,000 and whatever your balance you will earn the same attractive fixed rate of interest.
This fixed rate investment bond matures on 31 January 2015. Part withdrawals and closure are allowed during the term of the Fixed Rate Investment Bond but you will lose 270 days interest.
If you would like a regular income from your investment, you can choose to have your interest paid monthly. To give you easy access, we can pay your interest into another of our savings accounts or direct into your bank account.
So if you want to fix your interest rate and then sit back and relax, take a closer look at our fixed rate investment bond.
What are the full terms and conditions?
- Account name:
- Fixed Rate Bond 9
- Maturity date:
- 31/01/2015
- Minimum amount to open the account:
- £2,000.00
- Maximum Investment:
- £500,000.00
- Investment conditions:
- Investments can be made into the bond whilst it is a current issue.
- Withdrawal conditions:
- Part withdrawals and closure allowed during the term of the Fixed Rate Investment Bond subject to a loss of 270 days interest. On the maturity date ((31 January 2015) the Bond may be closed without penalty.
- Interest payment:
- Interest is calculated every day and can be paid monthly or annually on 31 January. Interest can be added to the bond, transferred to another Darlington Building Society account or to a bank account.
- Eligibility:
- The bond can be held in just your name or in joint names.
- Maturity:
- Prior to 31 January 2015, investors will be advised of their reinvestment options.
- Notes:
- The interest rate below has been fixed until 31 January 2015. If the bond is closed early the interest rate quoted below will not be achieved.
Current interest rates
| Amount | Gross * | Gross AER # | Net * |
|---|---|---|---|
| £2000+ | 4.50% | 4.50% | 3.60% |
Please make sure that you have read and fully understand the full terms and conditions before you decide to open this account. If you need any further information please telephone 01325 366366, email sales@darlington.co.uk or contact your local branch.
You should also read our general terms and conditions which you can download to the left of this page and which also form part of the terms and conditions of this account.
We are part of the Financial Services Compensation Scheme.
* - The gross rate is the contractual rate of interest payable before the deduction of income tax at the rate specified by law, and the net rate is the rate of interest which would be payable after allowing for the deduction of income tax at the specified rate. Interest will be payable net after the lower rate of income tax has been deducted or, subject to the required certification, gross. Where the tax deducted exceeds an investor's tax liability (if any), a claim may be made to the Inland Revenue for repayment of tax. For individuals whose income falls within the lower or basic rate bands, the tax deducted will match their liability to tax on the interest and they will have no more tax to pay on it. Individuals who are liable at the higher rate of income tax will have to pay an additional tax on the interest to cover the difference between the tax deducted and the higher rate of tax due.
# - A.E.R. stands for Annual Equivalent Rate and illustrates what the interest rate would be if interest was paid and added once each year.
