Key features
- Invest from £1,000 to £150,000
- Variable rate which tracks the Bank of England (BoE) bank rate plus 2.26% for 1 year
- Interest rate changes take place within 30 days of BoE bank rate changes during the term
- Interest paid on 1st July and at maturity
- Open your account online
- Monthly income option at reduced rate (minimum balance £5,000)
- Transfers from other National Counties savings accounts, without prior notice or penalty, are permitted to open a bond, except for transfers from other fixed term bonds
- No withdrawals prior to maturity
- Strictly limited issue (may be withdrawn at any time without prior notice)
*Interest will be paid or credited after deduction of income tax at the lower rate of 20% or, subject to the required certification, gross.
*aer stands for Annual Equivalent Rate and illustrates what the annual rate would be if interest was compounded.