C&G Fixed Rate Bonds pay interest rates that stay the same for a set period, which means you can receive a guaranteed return.
You can start investing in a C&G Fixed Rate Bond with £500 or more and carry on paying into it for as long as it remains on sale. Once the bond is withdrawn from sale, you can’t pay any more money in. These bonds could be for you if you’re sure you won’t need to get at the money you invest and can leave it until the end of the term. There is, though, an emergency withdrawal facility, but if you use it there is a charge equivalent to 120 days’ gross interest on the amount withdrawn.
The fixed rate period of our bonds will vary – scroll down and you’ll find full details of our latest offers.
To start investing in a C&G Fixed Rate Bond, visit any C&G branch. You can also do it by post: call us on 0845 602 0022* and we’ll send you an application form.
| Annual interest | Gross % iii | AER % i | Net % ii |
|---|---|---|---|
| £75,000+ | 6.00 | 6.00 | 4.80 |
| £30,000 - £74,999 | 5.80 | 5.80 | 4.64 |
| £100 - £29,999 | 5.60 | 5.60 | 4.48 |
| Monthly interest | Gross % iii | AER % i | Net % ii |
|---|---|---|---|
| £75,000+ | 5.84 | 6.00 | 4.67 |
| £30,000 - £74,999 | 5.65 | 5.80 | 4.52 |
| £100 - £29,999 | 5.46 | 5.60 | 4.36 |
No interest is paid on balances below £100.
Interest rates effective from 05/08/08
i AER stands for Annual Equivalent Rate and illustrates what the interest rate would be if interest was paid and compounded once each year.
ii Net interest is paid or credited after deduction of income tax at the lower rate of 20%.
iii Gross interest is the rate payable before the deduction of income tax and can only be paid or credited subject to the required certification. Interest cannot be paid gross to individuals not ordinarily resident in the UK for tax purposes. Individuals whose income falls within the basic rate band will have no more tax to pay on their interest. Individuals who are higher rate taxpayers will have to pay the extra tax due on their interest (the difference between tax deducted at 20% and the higher rate of 40%).
Rate changes to a C&G account or to other generally available accounts can affect an account's relative competitiveness and we do not promise that our rates will be better than those available elsewhere. If your balance falls below the minimum shown in the tables, please refer to the conditions of that account or ask for details.
Products can change frequently and without notice, therefore please reload the page if viewing offline or through stored information on your computer.
The following important information for the C&G Fixed Rate Bond product should be read in conjunction with the C&G savings handbook.
At any C&G branch
By post (cheque only)
You can add to your account only while the Fixed Rate Bond remains open to new customers. C&G Fixed Rate Bonds are always limited offers and be withdrawn from sale without notice.
Minimum additions - no minimum
Maximum additions - £1,000 cash a day(the maximum you can save in all C&G savings accounts in total is £3 million)
By post (cheque only)
Minimum withdrawal - no minimum
Maximum withdrawal - total cleared balance
All withdrawals are subject to a charge equivalent to 120 days' gross interest on the amount withdrawn (which will be deducted from your account balance). If you make a withdrawal, the interest rate stated for the bond you opened will not be achieved.
When your bond matures, your money will be transferred automatically into another C&G Fixed Rate Bond, from the bonds we have available at the time.
To remind you about this, we will write to you at least 30 days before the maturity date with details of the new bond and to give you the opportunity to provide us with alternative instructions if you want to. Also, for 30 days after your Bond has matured, you will be able to close the new bond without notice and without having to pay the usual 120 days' gross interest charge.
A C&G Fixed Rate Bond can be in your name only, or it can be a joint account with up to three other people - but however many people are named on the account, you must all be saving as individuals (not on behalf of a company, club, charity, trust etc) and your permanent home must be in the UK.
With some C&G savings accounts, there's a 14-day cancellation period during which you can change your mind about the account you open and close it without having to give notice or pay any charges. With a C&G Fixed Rate Bond, things are different.
If you are letting money roll-over into a new C&G Fixed Rate Bond from a maturing bond you already have with us, you have 30 days from the day the new bond starts in which you can change your mind. If during this time you decide to switch to a more suitable C&G savings account or ask us to return your balance and interest to you, you will not have to give us notice and we won't make a charge. After the first 30 days, a charge equivalent to 120 days' gross interest will apply on the full balance.
If your C&G Fixed Rate Bond is a brand new account and is not being opened with money rolling over from a maturing C&G Fixed Rate Bond you have with us, there is no cancellation period. If you decide to close your account at any time, a charge equivalent to 120 days' gross interest, will apply on the full balance. To close your account, please write to us at C&G Savings, PO Box 1888, Andover, SP10 9BF.
C&G Savings is a division of Lloyds TSB Bank plc.
Lloyds TSB Bank is authorised and regulated by the Financial Services Authority (FSA). Our FSA register number is 119278. You can check the FSA's register by visiting their website or by contacting them on 0845 606 1234. Lloyds TSB Bank is registered in England and Wales at 25 Gresham Street, London EC2V 7HN, our company number is 2065.
*We may monitor and/or record telephone calls in case there's a need to check that your instructions have been carried out correctly and to help improve our service quality.
