18 Month Bond Issue 17 - 1123

Interest is paid annually on the anniversary of account opening.

(*AER stands for the Annual Equivalent Rate and illustrates what the interest rate would be if interest was paid and added each year)

The interest rate on this account is variable and the Society may make changes to this rate at any time. We will notify you of any changes in accordance with the Terms & Conditions.

If you were to open this account with £1,000 and no further deposits or withdrawals were made you would earn £39.00 interest each year. If you choose to have interest compounded, this would result in a total balance of £1,059.26 at the end of the term, this is due to earning interest on your interest each year.

Please note this is an illustration only and does not reflect your specific circumstances.

This account is available to new and existing individual personal savers resident in the UK who are 16 or over.

You may open your account at any one of our branches or via post.

Any queries regarding your account can be dealt with via branch, email or telephone. Instructions on your account are required in person, at branch or in writing.

£1,000.

£1,000,000.

£1,000,000.

No withdrawal or account closure is permitted during the 18 month term following account opening.

At the end of the 18 month term, you can invest in another account with the Society or withdraw your money. Prior to your account maturing, we will provide you with details of other accounts available. If you do not tell us what you would like to do with the funds, your funds will be transferred into the default maturity account that is available at the time of maturity, but you may not receive the same interest rate.

No further deposits may be made during the term once the initial investment has been made.