Fixed Rate Bonds

For money you won’t need easy access to, a Bond could help your savings grow. No withdrawals or additional deposits are permitted.

Fixed Rate Bonds

Account Name
Interest Rate
Opening Balance
Type of Account
Withdrawals

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Account Name
Fixed Rate Bond (fixed until 30.11.2026)
Interest Rate

4.25% Gross pa/AER

Opening Balance

£1,000

Type of Account

Fixed Rate Bond

Withdrawals

None permitted

Our Fixed Rate Bond (fixed until 30.11.2026) has a fixed interest rate until 30.11.2026. After this date your account reverts to the Chorleian Instant Access account with a variable rate of interest.

Account Name
Fixed Rate Bond (fixed until 30.06.2029)
Interest Rate

4.10% Gross pa/AER

Opening Balance

£1,000

Type of Account

Fixed Rate Bond

Withdrawals

None permitted

Our Fixed Rate Bond (fixed until 30.06.2029) has a fixed interest rate until 30.06.2029. After this date your account reverts to the Chorleian Instant Access account with a variable rate of interest.

Frequently asked questions

A Fixed Rate Bond is an account that you can put money into for a set period of time. The interest rate is fixed, allowing you to earn a guaranteed rate of interest on your savings for a set period of time. The term of the bond can vary, typically between 1 – 5 years. Often, a Fixed Rate Bond will pay a higher amount of interest compared to an instant or easy access account.  

If you are a UK resident, aged 18 and over and have a lump sum, that you do not need access to for a set period of time, then a Fixed Rate Bond may be right for you.

Yes. The account can be held on your own or jointly with someone else.

No. You can only pay one initial deposit into a Fixed Rate Bond.

You can only hold one Fixed Rate Bond per issue. This means you can hold multiple bonds provided they are different issues.

No. You are not permitted to make a withdrawal from the account, or close the account during the term, except in the event of the death of the account holder.

Whether you need to pay tax is dependent on your own personal circumstances and may be subject to change in the future. Interest is paid gross on all our savings accounts – except ISAs where it is paid tax-free. For more information on Tax Allowances please call HMRC on 0300 200 3300 or visit https://www.gov.uk/apply-tax-free-interest-on-savings.

Yes, Fixed Rate Bonds are covered by the Financial Services Compensation Scheme (FSCS), the UKs deposit guarantee scheme. Chorley are a member of the FSCS, this means eligible deposits with Chorley are protected up to a total of £85,000.