2 Year Fixed Term Bond - Masthaven Bank

2 Year Fixed Term Bond

Masthaven Bank
2.3 % AER
Headline Interest Rate
Fixed
For 24 months
FSCS
Compensation Scheme
£ 500 min initial deposit
£ 250,000 max balance
  • Open By:

About the account

Account Type: Fixed Term
Headline Interest Rate: 2.3 % AER
Headline Interest Balance: £ 500
Protection Scheme: This account is covered by the Financial Services Compensation Scheme.
Minimum Initial Deposit: £ 500
Date account was introduced: 11 Feb 2019

This account may be appropriate for you if

  • Your are happy to give na days notice before accessing your money
  • You are over 18 years of age

Rate details

Gross Rate
Excluding Bonus
Gross Rate
Including Bonus
AER
£5002.30%2.30%2.30%

Account access

Open account byManage account by
Bank
Post
Phone
Internet
Interest Payment Option
Interest Added to Account
Interest Paid to Other A/c
Interest Paid to Bank A/c
Interest Paid by Cheque
Interest Payment Frequency: annually, monthly
Minimum Balance: £ 500
Maximum Balance: £ 250,000
Statement Frequency: annually
Additional Deposits: Not allowed
Standing Orders: Not allowed

Withdrawals

Withdrawal Conditions: No withdrawals or closure permitted during term of account.
Notice and Penalty Charge: There are no withdrawal conditions.
Free Withdrawal Conditions: Not applicable.
Transferred on Maturity: On maturity if the customer has not advised Masthaven, the balance will be transferred to their nominated account given at account opening.

Conditions

Additional Subscriptions Permitted: This account does not let you transfer ISA savings from a deceased spouse

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