3 Year Fixed Rate Bond (30.06.2028)

Account name

3 Year Fixed Rate Bond (30.06.2028)

Interest rate

4.10% *Gross/**AER

Interest is added to the account annually on 30 June or can be paid into another Suffolk Building Society account or direct to your bank account on an annual or monthly basis. Interest paid monthly cannot be added to the account.

Can the Society change the interest rate?

The interest rate is fixed until the maturity date on 30 June 2028.

What would the estimated balance be after 36 months based on a £1,000 deposit?

If you were to open this account with £1,000 and no further deposits or withdrawals were made, you would earn £41 interest each year. If you chose to have interest added, this would result in a total balance of £1,128.11 after 36 months. 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.

How do I open and manage my account?

To open this account:
• You need to be aged 16 or over.
• Deposit a minimum of £100 up to a maximum of £200,000.
• Be a permanent UK resident and tax resident.

You can open an account:
• By completing the appropriate application form.
• Visit any of our branches with your opening investment of cash or cheque or apply by post by sending the application form with an opening cheque.
• Provide proof of identity. Acceptable forms of identification are detailed in our ‘Verifying your identity’ leaflet. Alternatively, our staff will give you full details.

Can I change my mind:
No. This product does not have a cooling off period. Once you have made your first deposit, you cannot access your funds until 30 June 2028.

How to manage your account:
• Once an account is open, additional receipts can be made up to the maximum balance, whilst this bond remains available to open.
• An individual is only allowed to be the sole or first named account holder on one 3 Year Fixed Rate Bond (30.06.2028). However, you can also be the second named account holder on one joint account.

Can I withdraw money?

No, withdrawals and early closure are not permitted during the fixed term.
Your account will mature on 30 June 2028, with funds available to you on the next working day.

What happens at the end of the fixed rate term?
We will contact you 14 days before maturity. We will:
• Provide information on how you can access your funds, close your account, or continue to save with us.
• Give you a time frame in which to decide.
• Transfer your savings to another fixed term savings product with the closest access terms and duration if we don’t hear from you.

Additional
Information

*Gross
The rate paid with no income tax deducted. For more information on your Personal Savings Allowance, visit www.gov.uk.

**AER (Annual Equivalent Rate)
A rate which illustrates what the gross rate would be if the interest was paid and added once each year.

Changes to these terms
Are detailed in Section 19 of our General Investment Terms and Conditions.

Customer complaints
Although we do all we can to provide a first-class customer service, sadly sometimes things do go wrong. Your concerns are important to us to improve quality of service and identify possible training needs.

We are committed to ensuring all complaints are fully and fairly addressed. If you have a complaint, please let us know and we will do our very best to resolve the problem. A leaflet is available detailing our complaint procedure, which you can request at any time.

Financial Services Compensation Scheme
Suffolk Building Society participates in the Financial Services Compensation Scheme. For full details please ask our staff.