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Important notice for customers: On Saturday 25th November, one of our banking services providers is carrying out maintenance on its computer systems. As a result, if you send Faster Payments from your account on Friday 24th November, there may be a delay before these are credited to the receiving account. We apologise for any inconvenience caused.

Bank rate change: On 2 November 2017, the Bank of England announced that the Bank Base Rate would increase with immediate effective from 0.25% to 0.50%. Find out more

Fixed Rate Bond

Open this Fixed Rate Bond in branch or by post (also available as an online  account)

Lock your money away in this limited-offer Fixed Rate Bond to earn a fixed rate of interest until 31 December 2020

Key features:

  • Save from £1,000 up to £2 million
  • Pays a fixed rate of interest
  • Choose to have your interest paid monthly or annually
  • Withdrawals and closure are not permitted during the term
  • No cancellation rights
  • Register to view and manage your account online


gross† p.a./AER* fixed** until 31/12/2020

Summary Box

Account Name Fixed Rate Bond (No Access) until 31 December 2020
What is the interest rate?

Current rates - Effective 8 November 2017

This product pays a fixed rate of interest of:


Gross† p.a. AER*
1.80% 1.80%


Gross† p.a. AER*
1.79% 1.80%

Whether you need to pay tax is dependent on your own personal circumstances and so may be subject to change in the future.

† Interest is paid gross i.e. without tax being taken off on all our savings accounts – ISA accounts pay interest tax-free.

* AER stands for the Annual Equivalent Rate and shows you what the interest rate would be if interest was paid and added each year. This will enable you to compare more easily the return you can expect from your savings over time.

** Fixed rate of interest means that the interest rate payable on your account will remain the same from the time you open your account until the end of the fixed rate period.

Payment of interest

  • Interest is calculated daily on cleared balances
  • Annual interest is paid on 31 December 2018, 31 December 2019, and 31 December 2020. It can be paid into the Fixed Rate bond account, another Yorkshire Building Society account or another building society or bank account.
  • Monthly interest is paid on the last day of each month. It must be paid into another Yorkshire Building Society account or another building society or bank account.

Can Yorkshire Building Society change the interest rate?

No, the interest rate is fixed until 31 December 2020.

What would the estimated balance be at the end of the fixed term based on a £1,000 deposit?

At the end of the fixed term on 31 December 2020 your balance would be £1057.74.

We have worked this out assuming a £1,000 deposit is made on account opening on the first day the product goes on sale, interest earned is added to the account and no further deposits or withdrawals are made throughout the fixed term.

This projection is provided for illustrative purposes only and does not take into account your individual circumstances.

How do I open and manage my account?

You have to be at least 16 years old (for under 16s account to be opened in trust) and a UK resident to open the account. The account can be held on your own, jointly with someone else or in trust.

Account opening and management
Accounts can be opened with a minimum of £1,000 in the following ways.
  • In a branch or at an agency
  • By calling 0345 1200 200 to request an application pack to be sent to you.

You can add to the bond while it is still available to new investors. Once the bond is closed to new investors, no additional deposits are allowed.

The account can be managed in branch, at an agency, by post or online.

The maximum balance is £2,000,000

Account switching
If you currently have an existing Yorkshire Building Society account it may be possible to transfer to this product, subject to meeting eligibility criteria. Please check with us to see whether this is possible.

Can I withdraw money?

Withdrawals or closure are not permitted during the term other than circumstances covered under the Savings Pledge 2017 for account holder(s) or their immediate family members - critical or terminal illness, death, redundancy, nursing home or elderly care costs, divorce or court order. In these circumstances only, the balance and the interest to date of early closure will be paid.

This Fixed Rate bond will mature into a Fixed Rate Access bond. At maturity and during the first month after maturity you will be able to withdraw all or part of your savings and have full access to them without incurring any loss of interest. Thereafter, you will continue to have access to your savings but this will be subject to a number of days’ loss of interest on the amount of savings withdrawn. We will send to you by post full details of the new Fixed Rate Access bond at least 14 days prior to the maturity of this Fixed Rate bond.

Additional Information

Shortly after account opening, you will receive a certificate outlining the details of your investment.


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How to apply

This product can be opened in branch, at an agency, or by post. Once your account is open, it can be managed online, in branch, in an agency or by post.

When you apply for an account with us, we’ll need to verify your identity and address .

Book an appointment

To visit us in branch or request a phone call, enter a town, city or postcode and select a branch of your choice.

Use my location

Call us

Speak to one of our friendly advisers and we will send you an application pack in the post.

8am - 8pm: Mon to Fri

9am - 1pm: Sat

0345 1200 100*

By post

We will send you what you need in the post to get you started.

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Not ready to apply yet?

Save for later

If you would like to look at this page again later, enter your email address and we will email you a link to this page.

Book a savings review

To ensure that you have the right account for whatever you're saving for, why not visit us in branch for a savings review? Book an appointment at one of our branches.

Use my location