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Fixed Rate Bond
(Issue 297)

A guaranteed fixed rate of interest to 30 September 2025 when you invest a minimum of £5,000.

Rates effective from 03 July 2024.


Key features:

  • A fixed rate of interest until maturity on 30 September 2025
  • No withdrawals, early closure or further deposits prior to maturity on 30 September 2025
  • Minimum balance of £5,000 to open the account
  • Receive your interest annually or monthly
  • Open in branch

Rates available up to:


Account access:

No withdrawals, early closure or further deposits

Find out more

Account name

Fixed Rate Bond (Issue 297)

What is the interest rate?



Rates effective from 03 July 2024.

Interest is fixed, calculated on a daily basis and paid annually on 30 September or on the last working day of the month.

Can Marsden Building Society change the interest rate?

The interest rate is fixed which means that we will not change the interest rate payable on your account prior to maturity on 30 September 2025.

What would the estimated balance be after 12 months based on a £5,000 deposit?

If you saved £5,000, the estimated balance after 12 months would be £5,222.50.

This example assumes an investment of £5,000 is made on 01 October, no withdrawals or further deposits are made throughout the 12 months, interest is received annually, 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.

How do I open and manage my account?

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. You can also pay in by electronic payment or standing order (but not direct debit).

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.

Can I withdraw money?

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

Additional information

*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.

Download our full savings terms and conditions: General Retail Savings Terms and Conditions (PDF)

Download our product terms and conditions: Fixed Rate Bond (PDF)

You can open this account in branch.

We have branches across Lancashire in Barrowford, Burnley, Clitheroe, Colne, Garstang, Lytham, Nelson and Poulton. You can find the contact details of all of our branches on our 'Find a branch' page.

If you're planning on visiting a branch to open a savings account, please phone the branch before you visit to check if an appointment will be required. Branch telephone numbers can be found on our 'Find a Branch' page.

Download our list of Identification Requirements before your appointment: Identification Requirements (PDF)

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We're here to help

We want to provide the best service possible, so if you have any questions, get in touch. You can contact us by phone, visit us in branch or email us – we’ll be happy to help.

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