• Fixed Bonds

    With our Fixed Bonds you can be sure of the return on your money. Put your money away for a fixed term of 1, 2 or 3 years.

    Benefits 

    • A fixed interest rate for the full term of your account
    • Open your account with £2,000 or more
    • You can choose to have your interest paid monthly or annually. Monthly interest is not available for customers who apply online. Accounts opened online receive interest yearly
    • No withdrawals are allowed once your account is open and early closure is not possible
    • Deposits must be received within 10 working days of opening your account
    • Open and look after your Fixed Bond in branch or on the phone. Or, open a Fixed Bond online and manage it through Internet Banking

     

  • Summary box

    Account name
    Fixed Bond
    What is the interest rate?           Term

    Annual
    Monthly
    AER/Gross (fixed)
    Gross (fixed)
    AER (fixed)
    1 Year
    0.60%
    0.59%
    0.60%
    2 Year
    0.80%
    0.79%
    0.80%
    3 Year
    1.00%
    0.99%
    1.00%
    You'll earn interest on balances of £1 or more. Interest is calculated each day. You can choose to have your interest paid monthly or once a year on the anniversary of opening the account. Monthly interest isn't available for customer who apply online.
         
    Can TSB change the interest rate? No, we can’t change the interest rate during the term of your Fixed Bond.  
    What would the estimated balance be at the end of the bond term based on a £2,000 deposit?              

     Initial deposit


     £2,000
     
     Fixed Bond-1 year
     
     Interest earned at 0.60% Gross/AER (fixed)
     £12  
     Estimated balance after 12 months
     £2,012  
     Fixed Bond-2 year


     Interest earned at 0.80% Gross/AER (fixed)
     £32.13  
     Estimated balance after 24 months
     £2,032.13 
     Fixed Bond-3 year

     Interest earned at 1.00% Gross/AER (fixed)
     £60.60
     Estimated balance after 36 months
     £2,060.60
    This is an example only and doesn't take into account your individual circumstances.      
    How do I open and manage my account? Ways to open
    • In branch
    • Online
    Who can open  You must be:
    • 16 or over; and
    • A UK resident.
    Balance

    £2,000 minimum opening balance

    Deposits must be received within 10 working days of opening your account. No further deposits are allowed after the initial 10 days from the account opening, but you can have more than one Fixed Bond.

    Manage your account
    • In branch
    • Over the phone
    • Online  
    Can I withdraw money? Withdrawals allowed  No
     
    Early closure allowed
     No (except in the event of your death)
     
    Additional information
    • Accounts can be opened in sole or joint names
    • Interest is paid gross (without taking off tax)
    • If you earn more interest than the Personal Savings Allowance, you may have to pay extra tax yourself
    • The Personal Savings Allowance is £1,000 for basic rate taxpayers and £500 for higher rate taxpayers. Additional rate taxpayers don't receive a Personal Savings Allowance
    • At least 30 days before the end of the term, we'll write to you asking what you'd like us to do with the balance in your account
    • If you don't let us know before the end of the term (or we cannot reasonably fulfil your instructions), we'll transfer the balance to a Matured Funds account
    • We'll send you full details when we write to you.

    Rates and information correct as at 08/09/16.

    AER stands for Annual Equivalent Rate and illustrates what the interest rate would be if interest was paid and compounded once each year.

    Gross rate is the contractual rate of interest payable before the deduction of income tax.

     

    More information

  • Your eligible deposits with TSB are protected up to a total of £75,000 by the Financial Services Compensation Scheme, the UK's deposit protection scheme.

    Your deposits with us are covered by the Financial Services Compensation Scheme (FSCS). The FSCS can pay compensation to depositors if a bank is unable to meet its financial obligations. Most depositors - including most individuals and small businesses - are covered by the scheme.

    In respect of deposits, an eligible depositor is entitled to claim up to £75,000. For joint accounts each account holder is treated as having a claim in respect of their share so, for a joint account held by two eligible depositors, the maximum amount that could be claimed would be £75,000 each (making a total of £150,000). The £75,000 limit relates to the combined amount in all the eligible depositor's accounts with the bank including their share of any joint account, and not to each separate account.

    For further information about the compensation provided by the FSCS (including the amounts covered and eligibility to claim) please ask at your local branch, refer to the FSCS website or call the FSCS on 020 77 414 100 or 08006 781 100. Please note only compensation related queries should be directed to the FSCS.

    Accounts with TSB Bank plc include accounts in all its divisions and under trading name TSB and TSB Business. An eligible depositor's £75,000 limit relates to the combined amount in all accounts with TSB Bank plc.

    Please read the guide to protecting your money for further information.

  • If you apply online for a Fixed Bond, you will only be able to make the initial deposit through Internet Banking, and you will receive your interest yearly.

    If you would like to manage your Fixed Bond through a branch or on the telephone, please open your Fixed Bond by visiting one of our branches.

  • Apply online

    If you're registered for Internet Banking you can open a new account in a few minutes.

  • Not registered for Internet Banking?

  • If you're not registered for Internet Banking you can still apply online today. Simply complete the relevant form below. 

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