2 Year Fixed Rate ISA Bond (FRI35)

2 Year Fixed Rate ISA Bond (FRI35)

4.35% AER†/gross pa fixed for 2 years. Interest is calculated daily, compounded annually 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 ISA Bond and cannot be changed.

Based on the interest rate, if you deposited £1,000 in this account, on maturity, you would have £1,088.89. This figure is for illustration purposes and is based on no additional deposits during the term of the ISA bond. For illustrative purposes only and does not take into account individual circumstances.

To transfer an ISA from your existing provider into one of our online ISA bonds, first open your chosen ISA via the online portal.

Then complete and sign the relevant forms by choosing either the Cash ISA or Stocks & Shares ISA authority form along with the ISA transfer Application form. Please return these forms to us by post or by email as a scanned copy sent to savingsservices@thehanley.co.uk.

We accept digital or scanned signatures. Most providers accept these, but if your current provider requires an original wet‑signed form, we will contact you.

To open this savings account you must be aged 18 or older, UK resident, and permanently reside within the UK.

The account can be opened by new and existing Members. Simply call into your local branch. You may need to provide some identification when you open your account, details of our requirements can be obtained here, or from your local branch or by calling 01782 255000. If you are already a Hanley customer, in most cases, this will not be necessary

The minimum balance is £1,000, the maximum balance is £300,000.

Additional deposits will be accepted whilst the product remains an open issue up to the ISA subscriptions limit. ISA transfers in from other providers and Hanley ISA accounts are allowed whilst the product remains an open issue.

No partial withdrawals are allowed on this account. You may only close your account or transfer your ISA by complete closure of the account which will be subject to 180 days loss of interest. Funds will be available for transfer or withdrawal after the end of the fixed period. The balance plus interest must be withdrawn. This account will mature after a period of 2 years from the date the account is opened.

On maturity you will have the following three options:

• Transfer the balance to a new Hanley Fixed Rate ISA Bond 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 fixed rate Hanley Cash ISA 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.

Tax Free means interest is exempt from income tax.

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 and ISA Terms & 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 in branch or via the post.


No if

You want instant access to your money.

You want to put money away on a regular basis.

You have already used your ISA allowance for the tax year.

You want to open and manage your account online.