Fixed Rate Bond (Issue 223)

Fixed Rate Bond (Issue 223)

Rates effective from 19 April 2022

Interest is fixed, calculated on a daily basis and paid annually on 30 June.

The interest rate is fixed which means that we will not change the interest rate payable on your account prior to maturity on 30 June 2024.

If you saved £5,000 the estimated balance after 12 months would be £5,075. This example assumes an investment of £5,000 is made on 01 July, no withdrawals or further deposits are made throughout the 12 months, the interest earned is added to the account, and no changes are made to the current interest rate. It is provided for illustrative purposes only and does not take into account your individual circumstances.

This account is available to UK residents and can be opened and operated at a branch.
Joint accounts are allowed.
Once the account is opened, you will not be able to make any additional deposits until maturity.
The minimum balance to open the account is £5,000. The overall maximum holding by any one person in respect of all savings accounts with the Society is £250,000. This includes money held in a joint account.
The first payment into the account can be in cash, by cheque, debit card (up to £1,000) or transfer from another Marsden account.
If opened by debit card, the remainder of the minimum opening balance must be paid by Faster Payment within 48 hours of the account opening.
We accept savings applications from existing members across the UK and new members in the following postcode areas: BB, BD, BL, CA, CH, CW, FY, LA, M, OL, PR, SK, WA, WN.

You will not be able to close your account or make any withdrawals before maturity.

*Interest will be paid gross. This means all the interest we pay you will be without tax deducted. If the total amount of interest you receive exceeds any Personal Savings Allowance to which you’re entitled, you may have to pay tax at the applicable rate. This would need to be paid directly to HM Revenue & Customs. For more information, please visit gov.uk and search for ‘Personal Savings Allowance’.
†AER stands for the Annual Equivalent Rate and shows you what the interest rate would be if interest was paid and added each year.
We will contact you with your maturity notice at least 14 days prior to the maturity date of your Fixed Rate Bond.