Santander UK plc
Phone: +44 1908 375 039,+44 1512 648 725,+44 1908 237 963
Email: customer.services@santander.co.uk
Name
15 Month Fixed Rate Bond
Description
An exclusive new offer for our 123 Current Account or 123 Credit Card customers. Why choose a 15 Month Fixed Rate Bond?
Interest Rate
1.85% gross/AER
Minimum Balance
£500
Eligibility
At least 18 years of age and a UK resident
Details
Interest can be paid annually or monthly. The method of interest payment cannot be changed once set. Annual interest is paid on the first of the month following account opening and annually thereafter. Any further interest due will be paid on maturity. Monthly interest is paid on the 1st of the month following account opening and on the 1st of the month thereafter.
You will receive a bond certificate within 14 days of account opening. Please keep it safe. If the certificate is lost or stolen, you must report it to us. A new certificate will not be issued following any transactions on the account following the initial deposit (e.g. interest payment). Please note that bonds are not viewable on our mobile banking app.
The term of a bond is fixed. When the term ends (at maturity) the money will be transferred into an instant access account, unless before the end of the term you tell us otherwise. We will write to you to confirm product details and rates at least 14 days before your bond matures. Please note that at maturity if you wish to transfer funds to an external account (non Santander ), this can only be done in branch or over the phone. Details of how to do this will be included in the maturity letter.
Withdrawals or account closure will not be permitted during the fixed term period. If the account is held in a single name the account can be closed in the event of an account holder's death or allowed to continue until maturity in the name of the deceased. If the account is held in joint names and one of the account holders dies, the account will belong to the remaining account holder and the account may be closed or amended to be held in the remaining account holder's name.
There is no cancellation period on this account.
Further additions to the original deposit are not permitted. You may need to pay the funds into an existing Santander savings account or open a Santander savings account.
You will receive a bond certificate within 14 days of account opening. Please keep it safe. If the certificate is lost or stolen, you must report it to us. A new certificate will not be issued following any transactions on the account following the initial deposit (e.g. interest payment). Please note that bonds are not viewable on our mobile banking app.
The term of a bond is fixed. When the term ends (at maturity) the money will be transferred into an instant access account, unless before the end of the term you tell us otherwise. We will write to you to confirm product details and rates at least 14 days before your bond matures. Please note that at maturity if you wish to transfer funds to an external account (non Santander ), this can only be done in branch or over the phone. Details of how to do this will be included in the maturity letter.
Withdrawals or account closure will not be permitted during the fixed term period. If the account is held in a single name the account can be closed in the event of an account holder's death or allowed to continue until maturity in the name of the deceased. If the account is held in joint names and one of the account holders dies, the account will belong to the remaining account holder and the account may be closed or amended to be held in the remaining account holder's name.
There is no cancellation period on this account.
Further additions to the original deposit are not permitted. You may need to pay the funds into an existing Santander savings account or open a Santander savings account.
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