A fixed rate for 1 year.
This account is available in branch only.
Terms and conditions for the 1 Year Fixed Rate Bond (Issue 6) are available by clicking “Find out more” below.
4.55%
Gross rate / 4.55% AER
Rate Type
FixedAccess
No access until maturityInterest Paid
At maturityAvailability
Post
Online
A fixed rate for 1 year.
This account is available in branch only.
Terms and conditions for the 1 Year Fixed Rate Bond (Issue 6) are available by clicking “Find out more” below.
| What is the interest rate? | +Gross Rate%
4.55 |
^AER%
4.55 |
| Interest is calculated daily and will be added to the account on maturity. | ||
| Can Penrith Building Society change the interest rate? | No, as the interest rate is fixed, the rate will not change for the term of the account. | |
| What would the estimated balance be after 12 months based on a £5,000 deposit? | Based on the fixed rate of interest, if you deposited £5,000 in this account, after 12 months the balance would be £5,227.50.
At the end of the 1 year term the maturity balance would be £5,227.50. This figure is provided for illustration purposes only. It is based on no transactions after the initial deposit. |
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| How do I open and manage my account? | Opening your account.
Savings limits & additional deposits.
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| Can I withdraw money? |
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| Additional Information |
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+ Gross Rate is the rate of interest payable (without deduction of tax) and you will be responsible for paying tax you owe on interest as per your individual circumstances.
^ AER stands for annual equivalent rate and illustrates what the interest rate would be if interest was paid and compounded once each year.
We always try to provide a first-class service. Occasionally however things can go wrong. If they do, we will try to put them right. If you wish to make a complaint, the Society’s complaints procedures are detailed in the Savings Accounts Terms and Conditions.
If you would like to talk to us about your account, you can
Your eligible deposits held by a UK establishment of Penrith Building Society are protected up to a total of £85,000 by the Financial Services Compensation Scheme, the UK’s deposit protection scheme. Any deposits you hold above the limit are unlikely to be covered.
Further information is available here »»
(PDF Version)
Or visit www.fscs.org.uk.