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A competitive rate of interest for a fixed term for your lump sum.
Choose a fixed term to get secure rewards on your money
If you have a lump sum to save and you know that you can put it away for a fixed term, then you can benefit from the security of a fixed rate of interest. Savings Direct Fixed Rate Bonds are available to our personal customers only and can be operated by post or phone.
Please note: this account is currently unavailable to new customers
If you currently have a Savings Direct 7 Day Notice Account or Savings Direct Easy Access Account with Allied Irish Bank (GB), you have the opportunity to switch your funds (minimum of £5,000) to a Savings Direct Fixed Rate Bond.
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Savings Direct Fixed Rate Bond Features and Benefits
- Earn a competitive fixed rate of interest for your money
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How it Works
- You can open your account by post only.
- Lodgements can only be made by cheque and transfer from an existing Allied Irish Bank GB account.
- Minimum balance on the account is £5000, maximum balance on the account is £2,000,000.
- Upon Maturity, funds can be returned from this account to a bank account in your name, nominated at account opening.
- This account can only be operated by phone and by post.
- Interest is calculated daily and paid on maturity if a 1 Year Fixed Rate Bond, or on the anniversary of account opening if a 2 Year Fixed Rate Bond.
- Withdrawals and closures before the Maturity date are only permitted in exceptional circumstances and at the discretion of the Bank following receipt of a written signed request. The interest penalty for early withdrawal or closure is based on how long actually remains on the Bond before Maturity:
Less than 1 year remaining = 60 days
Less than 2 years remaining = 90 days
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Tax on interest earned on Savings Direct Fixed Rate Bonds
From 6 April 2016 - Credit interest on all accounts will be paid gross (under new legislation tax will not be deducted when credit interest is paid). If your credit interest is more than your personal Savings Allowance you may still have to pay tax. Please see www.gov.uk for information on the Personal Savings Allowance or speak to a tax advisor.
Savings Direct Fixed Rate Bonds Summary Box
This summary box sets out important information that applies to our Savings Direct Fixed Bonds account. You should carefully read this document along with the Savings Direct Fixed Bonds Terms and Conditions to allow you make an informed decision as to whether this product is right for you.
If you require this summary box in PDF format, please download here
Talk to Us
If you are an existing Savings Direct customer with an existing account and want further information please call. Call +(0)345 455 22 22† if from the UK or +44 (0) 203675 1437† if calling from oversees to talk to our Customer Service Team. We’ll be happy to answer any questions you might have about Savings and Deposits with Allied Irish Bank (GB).
† Lines open: 9am to 5pm Monday - Friday (excluding Bank Holidays). Calls may be recorded. Call charges may vary - refer to your service provider.
Help and Guidance
The HMRC is responsible for the collection of taxes and duties in the UK.
Downloads
View the Savings Direct Fixed Rate Bond Terms and Conditions.
You can use this form to let us know of any changes to your residential address.
Change of Nominated Bank Account Form
Complete this form if you would like to change your Nominated Bank Account from the one we currently hold for you.
If your name changes, please complete this form and send back to us.
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