3 Year Fixed Rate Bond (FR261)
The Interest rate is fixed. Interest is calculated on a daily basis and is paid on maturity.
| 3 Year Fixed Rate Bond | Current Rates |
|---|---|
| Annual Interest | Rates effective from: 02/10/2026 |
| Balance | Gross | AER† |
|---|---|---|
| £1000.00 and above | 4.25% | 4.25% |
†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.
No. The interest rate is fixed for 3 years and will not change during the fixed rate period
| Opening Balance | Estimated Balance |
|---|---|
| £1,000.00 | £1,133.00 |
The estimated balance is for illustrative purposes only and assumes that
The actual balance may be different depending on the date the account is opened and the way interest is paid.
Eligibility
Deposits
Account management
Identification
You may need to provide proof of your identity and address when opening the account. If you are already a Hanley Economic Building Society customer, we will not usually need this unless our records need updating.
No withdrawals are permitted before the maturity date.
Withdrawal Limits
Withdrawals may be subject to operational limits, including cash, cheque and electronic payment limits. Details are available on request, in branch and on our website.
What happens when the account matures?
Approximately 14-28 days before maturity, we will write to you explaining your available options.
At maturity you may:
If you don’t choose an option listed above, the Society will open a new fixed rate savings account with the Society and transfer the balance into the new account. The interest rate payable on the new account may be different from the rate on your current account. This is the default option unless you tell us differently.
The tax treatment of savings interest depends on your individual circumstances and may change in the future. You may need to pay tax on interest earned above your Personal Savings Allowance. For further information, please visit www.gov.uk.
Your eligible deposits with Hanley Economic Building Society are protected up to £120,000 by the Financial Services Compensation Scheme, the UK’s deposit guarantee scheme. Any deposits you hold above the limit are unlikely to be covered. Further information is available at www.fscs.org.uk.
Yes if
• You want certainty over the rate you will receive;
• You do not need access to your money during the fixed term;
• You are happy to commit funds until maturity;
• You understand any maturity arrangements;
No if
• You may need immediate access to your money;
• You want your rate to increase if market rates rise;
• You are uncertain how long you can commit your savings for;
• You are looking for an easy access account.
Before opening an account, it is recommended you read the information below.
Find your nearest branch and visit for expert support and assistance from our team during the application process.