The minimum amount which can be invested is £1,000 and a maximum deposit of £1,000,000 for all our Fixed Rate Bonds.

Only one deposit will be accepted per Bond, although you can open more than one Bond (subject to availability and up to a maximum of £10,000,000).

How do I make my deposit?

Once your Bond has been opened and you have received your Welcome Pack, you can deposit your savings by cheque or you can transfer funds from an existing Direct Access Savings Account or 50 Day Notice Account.

To avoid disappointment, we must receive your funds within 14 days of your initial telephone call.

We reserve the right to withdraw the offer if we do not receive your funds within this time.

Can I open a joint account?

The Bond is available as a single account only - joint Bonds are not available. However, you and your partner could both have a Bond if you wish.

Are there any charges for this account?

There are no charges attached to this account for a normal Fixed Rate Bond transaction.

No withdrawals will be allowed during the fixed term, apart from interest which must be transferred out of the Bond on payment.

Interim statements can be requested at any time for no extra charge.

We do charge for dishonoured cheques. Please see our tariff of charges for further details.

Can I make withdrawals?

Once you've made a deposit into your bond, you can't make withdrawals until the end of the term. You should think very carefully about the amount you put away in a bond - and make sure you have sufficient available funds at your disposal should you need them in an emergency.

A cancellation period is not applicable.

How is interest paid?

Interest cannot be held in your Bond.

You can choose to have your interest paid either monthly or yearly to any of the following accounts:

take advantage of a Bond Plus Savings Account enhanced-rate savings account, offered exclusively to our Savings Bond customers
Standard Life Bank Direct Access Savings Account or 50 Day Notice Account
External bank or Building Society Account.

The interest rate is extremely competitive and will be guaranteed for the term of the Bond. The same rate of interest will apply no matter how much you save in your Bond.

If you make a deposit of £50,000 or more, then interest will be paid gross, regardless of your tax status.

What happens at the end of the term?

We will contact you prior to the end of the term to confirm your preferred option.

If we do not hear from you then the funds in your Bond will be transferred automatically to a Standard Life Bank Direct Access Savings Account. Your investment will continue to earn very competitive rates of interest but will also allow you easy access to your savings.

What is Bond Plus Savings Account?

Bond Plus Savings Account is a direct access savings account with an enhanced rate that is offered exclusively to all of our Savings Bond customers, and can be opened at any stage during your bond term - just call us on 0845 609 6311.

The interest earned on your bond can be transferred to this account to ensure the enhanced rate.

Withdrawals sent by electronic transfer via your external account will normally take 3 working days. In exceptional cases we may permit same day withdrawals but we will charge a fee for this, currently £28.

Interest is calculated daily and can be paid back into your Bond Plus account either monthly or annually.

Read more about our Bond Plus Savings Account .

Fixed Rate Bonds

What is a Fixed Rate Bond?

Who can open a Fixed Rate Bond?

How do I open a Fixed Rate Bond?

How much can I deposit?