1 Year Fixed Rate Online Bond (FR240) - Existing FR229 & FR232 holders only

Fixed Rate Online Bond – Issue 240. Existing FR229 & FR232 holders only.

4.50% AER†/gross pa fixed for 1 year. Interest is calculated daily and paid on maturity.

†AER stands for Annual Equivalent Rate and illustrates what the interest rate would be if interest was paid and compounded once each year. Gross is the rate of interest if interest were paid and not compounded each year.

Interest is calculated daily from the day of receipt in the case of a deposit by cash or transfer and from the following day of receipt in the case of a deposit by cheque. Interest shall accrue up to the maturity date.

The interest on this account is fixed for the term of the Fixed Rate Bond and cannot be changed.

Based on the interest rate, if you deposited £1,000 in this account, on maturity, you would have £1,045.00. This figure is for illustration purposes and is based on no additional deposits during the term of the bond. For illustrative purposes only and does not take into account individual circumstances.

The account can be opened by existing customers of Fixed Rate Bond - Issue 229 & 232.

Simply log into your online banking account and send us a secure message detailing your request.

You can change this request anytime up until the day prior to your maturity date.

No Additional receipts are permitted.

This is a Fixed Rate account and fixed until maturity; there is no early access or early closure of this account permitted.
Funds will be available for transfer or withdrawal after the end of the fixed period.
The balance plus interest must be withdrawn.

On maturity you will have the following three options:

• Transfer the balance to a new Fixed Rate Bond Hanley savings account.
• Transfer the balance to an existing Hanley savings account.
• Transfer to another bank/building society account.

If you don’t choose an option listed above, the Society will open a new variable rate Hanley savings account and transfer the balance into the new account. (This is the default option unless you tell us differently).

You will be contacted 14 days before maturity of this product to determine your ongoing requirements.

The treatment of your account for tax purposes will depend on your individual circumstances and you may need to pay tax on any interest that exceeds your Personal Savings Allowance. For more
information please visit HM Revenue & Customs’ (HMRC) website http://www.hmrc.gov.uk. The tax information provided is based on our understanding of current law and HMRC practice, both of which may change.

Only 1 bond per Member is permitted.

Minimum age 18 years.

UK residents only.

These product details should be read in conjunction with the Savings Terms and Conditions.

The Savings Terms and Conditions can be viewed online or requested from any branch of the Society.

Yes if

You are happy to lock away your money for a fixed term.

You are looking for an interest rate that won't change.

You want to open and manage your account online.


No if

You want instant access to your money.

You want to put money away on a regular basis.

You want to open or manage your account in branch or via the post.