Tracker Bond

For existing customers only – no longer on sale.

Variable interest rate that tracks at a fixed amount above the Bank of England Bank Rate. So if the Bank of England Bank Rate changes during the term, your Tracker Bond interest rate changes as well.

  • Pays a variable interest rate that tracks at a fixed amount above the Bank of England Base Rate over a fixed term
  • You can choose to have interest paid either annually or monthly
  • Once your bond is open, no withdrawals or early closure are possible
  • Rates can go down as well as up
  • If the Bank of England Bank Rate changes during the term, your Tracker Bond interest rate will change on the first working day of the following month
 

Currently paying 0.95% AER/Gross (variable) on balances of £2,000 to £49,999, and 1.00% AER/Gross (variable) on balances of £50,000 +.

Tracker Bond is a variable rate account because it tracks at 0.70% (balances of £2,000 - £49,000) and 0.75% (balances of £50,000 +) above the Bank of England base rate (currently 0.25%).

Interest rates

Amount saved Annual Option Monthly Option
  AER(variable)/Gross% Gross% AER%
£50,000+ 1.00% 0.99% 1.00%
£2,000-49,999 0.95% 0.94% 0.95%

 

These interest rates are applicable to accounts opened on or after 29/07/2014. 

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