Earn 6.00% gross p.a./AER fixed until 1 December 2010 on balances from £250,000 - Available when you put the same amount or more into a separate qualifying investment product from Abbey.
Get the best of both worlds! Where you can earn a high fixed rate on your lump sum savings and also benefit from longer term growth potential with an investment product over a minimum term of 3¾ years. Speak to an adviser in branch today.
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Super Bond (issue 14) |
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Tier |
Gross Rate p.a.(Annual)* |
Gross Rate p.a. (Monthly)* |
AER* |
Net Rate (Annual) |
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£1+ |
5.00% |
4.89% |
5.00% * |
4.00% |
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£250,000 + |
6.00% |
5.84% |
6.00% * |
4.80% |
Rates correct as at 9 November 2009
*gross p.a./AER assumes funds invested on 30 November 2009
Visit your local branch today. But hurry this product is available on a limited offer basis which means it could be withdrawn from sale at any time without notice. You can find your most convenient branch using our branch finder. Remember, you'll need to bring some proof of your name and address. See a list of acceptable ID for taking into a branch.
How does it work?
Super Bond allows you to split your lump sum 50/50, where at least half of your money is invested in an investment of your choice, allowing you to benefit from potential long term growth and the remainder can earn a high rate of interest in a fixed rate bond.
How much can I save?
Providing you invest the same amount in a separate qualifying investment from Abbey you can deposit from as little as £1 + up to £2 million into the Super Bond. Minimum amounts for investments vary product by product but, for example, if you were to invest into one of our capital guaranteed investments a minimum of £1,500 would be required. So if you put £1,500 into a capital guaranteed investment, you could pay between £1 and £1,500 into your Super Bond. In this example you will be earning a fixed rate of 5.00% gross p.a./AER in your Super Bond.
How do I invest?
Just pop into your local branch and speak with one of our advisers. If you’re unsure of which investment is right for you feel free to make an appointment to speak with an investments adviser.
How is interest paid on Super Bond?
Super Bond offers a fixed rate of interest and you can choose to have your interest paid monthly or at maturity.
You can’t add to your Super Bond once it is open, so pay in as much as you can at the start.
Details of potential returns that you could earn on your qualifying investment depend on which investment you choose, one of our advisers will be able to explain this in further detail. Please remember that the value of investments may fall as well as rise and the returns are not usually guaranteed.
Can I access my money?
Yes, if you need to you can access the entire balance held in your Super Bond without charge.
If you need to access money held in your qualifying investment, you may get back less than what you paid in. We recommend that you speak to one of our advisers before deciding.
What if I close my qualifying investment?
If you close your qualifying investment whilst earning the preferential rate of interest in Super Bond, your Super Bond will automatically revert to a Flexible Card Saver or similar savings account, unless at the time you decide to open another qualifying investment with Abbey. Remember, if you close your qualifying investment early you may get back less than what you paid in.
What happens when my Super Bond matures?
Your money will be paid to you as per the instructions you provide pre-maturity. Where no instructions are received we will transfer your money to a Bond Default Account for safe keeping until we hear from you.
What is a qualifying investment?
This is a product that must be taken out in order for you to become eligible for Super Bond. Qualifying investments include all on sale single premium investments (excluding Child Trust Fund), including our capital guaranteed range of investments. Individual terms and conditions apply to each qualifying investment, including minimum opening amounts and investment periods.
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