Trust One Year Fixed Rate Bond

Trust
Annual Fixed Interest % AER*
£20,000+
2.70%

Key features

Save up to £1,000,000.

2.70% on balances £20,000+.

Interest is paid on account maturity at the end of the 1 year term.

£20,000 minimum opening balance.


*AER stands for Annual Equivalent Rate and illustrates what the interest rate would be if interest was paid and added each year. Interest is paid annually unless otherwise stated.

What you will need:

Your address details for the last 3 years, including postcodes.

Your National Insurance Number.

To apply, you must:

Be 18 or over.

Product Details

Account name

Trust One Year Fixed Rate Bond

What is the interest rate? AER*

2.70% annual interest rate* on balances £20,000+.

Interest is paid on account maturity at the end of the 1 year term.

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

Can Dudley Building Society change the interest rate?

The interest rate on this account is fixed for the 1 year term. The Society does not have the right to change this interest rate during the 1 year term.

What would the estimated balance be?

If you were to open this account with £20,000 and made no further deposits or withdrawals, you would earn £20,540.00 at the end  of a 12 month period

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

How do I open and manage my account?

Who is eligible?

This account is available to new and existing registered Bare, Children’s, Personal Injury, Fixed, Vulnerable Persons, Will, Interest in Possession, Charitable Trusts or Discretionary Trusts based in the UK.

How do I open my savings account?

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

How do I operate my account?

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.

What is my minimum opening and operating balance?

£20,000

What is my maximum operating balance?

£1,000,000.

What is my maximum investment?

£1,000,000.

Can I withdraw money?

No withdrawal or account closure is permitted during the 1 year term following account opening.

Additional Information

A trust is a legal arrangement in which one party (the trustee) holds and manages assets for the benefit of another party (the beneficiary). It separates legal ownership (held by the trustee) from beneficial ownership (held by the beneficiary), according to the terms set out in the trust deed. The trust must be registered with the Trust Registrations Service (TRS). Trusts do not have membership or voting rights with the society.

At the end of the 1 year 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.

Application forms

ISA Application Form pdf icon Identification Requirements for Private Individuals pdf icon ISA Transfer In Form - Cash ISA pdf icon ISA Transfer Procedure pdf icon ISA Terms and Conditions pdf icon

How to apply for our One Year Fixed Rate ISA

Branch

Find your nearest branch for more information or to make an appointment.

Post

You can apply now by printing the relevant application form at home.

Contact Us

If you wish to find out more information or get support with your application, contact our friendly Customer Service team.

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